Philips Lighting, a global leader in lighting solutions, is actually owned by Signify N.V., a separate company that was spun off from Royal Philips in 2016. Signify N.V. operates as an independent entity focused solely on lighting products and services, while Royal Philips continues to focus on healthcare technology and consumer lifestyle products.

Signify N.V., formerly known as Philips Lighting, is headquartered in Eindhoven, Netherlands, and operates in over 70 countries around the world. The company offers a wide range of lighting solutions for both residential and commercial applications, including LED lighting, smart lighting systems, and connected lighting technologies.

The decision to separate Philips Lighting from Royal Philips was made in order to allow both companies to focus on their respective core businesses and to drive innovation and growth in their respective markets. Since becoming an independent entity, Signify N.V. has continued to build on Philips Lighting's legacy of innovation and sustainability, while also expanding its product offerings and global reach.

With a strong commitment to sustainability and energy efficiency, Signify N.V. has positioned itself as a leader in the lighting industry, offering products that not only enhance the quality of light but also reduce energy consumption and carbon emissions. The company's focus on connected lighting technologies has also positioned it at the forefront of the smart lighting revolution, providing customers with innovative solutions that enhance their quality of life and reduce their environmental impact.

In conclusion, Signify N.V. is the company that now owns Philips Lighting, continuing the legacy of innovation and sustainability that Philips Lighting was known for. As a separate entity, Signify N.V. is able to focus on driving growth and innovation in the lighting industry, while also leading the way in sustainability and energy efficiency. With a global presence and a commitment to quality and innovation, Signify N.V. is poised to continue leading the way in the lighting industry for years to come.