Another LED Manufacturer Drops Its Lighting Unit: Cree to Sell Lighting Business to Ideal Industries
Cree, Inc. announces the execution of a definitive agreement to sell its Lighting Products business unit ("Cree Lighting"), which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications, to IDEAL INDUSTRIES, INC. for approximately $310 million before tax impacts, including up-front and contingent consideration and the assumption of certain liabilities. Cree expects to receive an initial cash payment of $225 million, subject to purchase price adjustments, and has the potential to receive a targeted earn-out payment of approximately $85 million based on an adjusted EBITDA metric for Cree Lighting over a 12-month period beginning two years after the transaction closes.
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Silvair Partners with LA Lighting as Bluetooth Mesh Ecosystem Continues to Grow
Silvair, a pioneer in mesh lighting networks and a leading provider of qualified Bluetooth mesh solutions for lighting control, announces a partnership with LA Lighting, a leading American manufacturer of quality lighting products.
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Delta Acquires Lighting Solution Brand Amerlux To Enhance its IoT-based Green Solutions for Smart Buildings and Cities
Delta Electronics, Inc. (hereinafter referred to as "Delta"), a global provider of power and thermal management solutions, and Amerlux, LLC (hereinafter referred to as "Amerlux"), a U.S.-based LED architectural lighting solutions company, today announced the signing of a definitive agreement pursuant to which Delta Electronics (Netherlands) B.V., a wholly-owned subsidiary of Delta, will acquire 100% of Amerlux's interests for USD 90,000,000 (approx. NTD 2,769,300). The transaction is expected to close during the second quarter of 2019. The aforementioned agreement includes an earn-out mechanism in which Delta will pay an additional pre-established amount for the transaction should Amerlux's 2019 EBITDA(1) and revenue reach a predetermined target.
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Zumtobel Teams Up with pureLiFi To Step Into the Wireless Enterprise Network Market
Zumtobel, one of the European market leaders for professional lighting and associated services, is striving for the use of their innovative LED solutions to empower the latest in wireless technologies called LiFi. The newest trial, conducted in partnership with pureLiFi, uses LED lights to send large amounts of data while appearing as normal LED light to the human eye. The LiFi trial reflects a series of moves by Zumtobel to evolve lighting beyond its core function of pure illumination and solve challenges for high-speed secure wireless connectivity.
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Patrick Mueller is Leaving Bilton
Patrick Mueller, founder of the light specialist, Bilton, will be working at the company until the end of March, at which time he will hand over his duties to his successor. He will remain loyal to the company by being available as an external consultant.
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Lighting Science Spins off Biological Lighting Business Into Healthe Inc.
Lighting Science Group announces the launch of Healthe Inc. whose mission is to create environments where light is an active component of one's health. Healthe is carrying forward the Lighting Science legacy, utilizing its core technology and intellectual property to create circadian solutions that support the health, well-being and performance of people through their built environments. The company is launching an extensive line of new commercial products as well as incorporating the consumer products that made Lighting Science the leading circadian lighting company of the past decade.
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Job Opportunity: DiiA General Manager
DiiA, the global industry alliance for DALI lighting control, is looking for a new General Manager.
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Lumitech Takes Over CoB Division for Special Applications from Tridonic Jennersdorf
Lumitech will acquire the COB (chip-on-board) divison except for general lighting applications from Tridonic Jennersdorf. The purchase enables the continuation of this business unit including development and production in the Technology Center Jennersdorf.
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EV Group Partners with Plessey To Drive GaN-on-Silicon Monolithic microLED Technology
Plessey, a leading developer of award-winning optoelectronic technology solutions, announces a collaboration with EV Group (EVG), a leading supplier of wafer bonding and lithography equipment for the MEMS, nanotechnology and semiconductor markets, to bring high-performance GaN-on-Silicon (GaN-on-Si) monolithic microLED technology to the mass market. microLEDs are the key optical technology for next-generation AR applications.
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Osram Sharpens Focus on Digital Future
Comparable revenue increased almost 2% to €4.1 billion in fiscal year 2018. Despite economic challenges and a difficult market environment, Osram held its ground in fiscal 2018 and increased its revenue slightly on a comparable basis.
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Legrand® and Lumileds Partner to Accelerate Adoption of Tunable White LED Lighting
Legrand, North & Central America and Lumileds today announced a partnership agreement that will bring to market a simple to integrate and easy-to-install plug and play solution that delivers high quality tunable-white light. Under this agreement, Lumileds will provide intelligent light sources (LUXEON-based solutions) through its award-winning Matrix Platform that are uniquely characterized and programmed to work with Legrand’s Wattstopper® Wattstopper® blanco® tunable-white logic modules within the Wattstopper Digital Lighting Management (DLM) lighting controls solution. Lumileds joins existing Legrand partnerships in tunable-white light engine as the exclusive LED array provider.
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Fagerhult Signs a Letter of Intent to Acquire iGuzzini
AB Fagerhult (publ) (“Fagerhult”) has signed a Letter of Intent (LOI) with the shareholders of iGuzzini illuminazione S.p.A (“iGuzzini”) to acquire 100% of the shares of iGuzzini.
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Dr. Ulf Meiners, New Managing Director at Nichia Chemical Europe GmbH
Nichia Chemical Europe GmbH announced in a meeting with LED professional at LpS Bregenz that Dr. Ulf Meiners, has assumed the position Managing Director in October 2018. Dr. Meiners has more than 20 years of experience in semiconductor development and manufacturing. He is bringing with him to Nichia this experience in his previous role as Managing and Technical Director for a Compound Semiconductor Development and Production company.
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Magna and Rohinni Form JV to Bring Game-Changing Lighting to Mobility
With distinctive, high-performance lighting becoming a “must-have” for automakers and other mobility companies, Magna Electronics and Rohinni LLC have formed a joint venture to produce ultra-thin micro LED lighting solutions that are brighter, lighter and more energy-efficient than alternative technologies, including OLED.
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Job Opportunity
Synergy 21 has been a successful, well-known brand in the lighting industry for around 9 years. We satisfy our customers with top-notch planning, development, production, and distribution of high-quality lighting fixtures. We also offer an attractive working environment to over 200 employees at 6 locations throughout Europe. As a result of our continuous growth, we are looking for a experienced sales professional (m/f).
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