CIRCADIAN ZircLight and Acuity Brands Announce Strategic Partnership
CIRCADIAN ZircLight Inc. today announced a strategic partnership with Acuity Brands, Inc (NYSE:AYI) which will bring to the North American lighting market spectrally-engineered Zirc™ LED lights that boost human performance, health and well-being by entraining our natural circadian rhythms to mitigate the issues associated with circadian disruption.
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LEDiL Makes Key Leadership Changes
Finnish optics specialists make key changes to the leadership team. Petteri Saarinen has been appointed as the new CEO of LEDiL, a leading company in the global LED secondary optics market. Petteri Saarinen has more than 20 years of operational and international experience within several different companies. His most recent position was in the Finnish inductive energy solutions firm Trafotek.
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Osram Recommends Current Takeover Offer from ams
Osram has concluded a comprehensive business combination agreement with ams and recommends its shareholders accept the current takeover offer. "After intensive negotiations, we have agreed on many decisive framework conditions for the future of Osram and our employees," said Olaf Berlien, CEO of OSRAM Licht AG. "The most important thing is that the employees at German locations are protected from merger-related layoffs until the end of 2022.” In addition, the strong Osram brand is to be reflected in the company name of the new group. The sensor specialist ams explicitly supports the photonics strategy of Osram.
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Tridonic and NMB-Minebea-GmbH Sign Partnership Agreement
Tridonic, a world-leading supplier of lighting technology, and NMB-Minebea-GmbH, which is part of the MinebeaMitsumi group, the major producer of machinery components and electronics devices, have signed a contract to form a strategic partnership. The partnership aims to develop intelligent outdoor lighting solutions for Smart Cities.
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Signify to Acquire Cooper Lighting Solutions to Strengthen Position in North America
Signify, the world leader in lighting, today announced that it has entered into a definitive agreement with Eaton to acquire Cooper Lighting Solutions for USD 1.4 billion (approx. EUR 1,270 million) in cash. Closing is subject to regulatory approvals and other customary conditions and is expected to take place in the first quarter of 2020.
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Ensto Acquires new Business from Mount Kelvin – Ensto Workspaces Revolutionizes Employee Experience
Ensto has acquired Workspaces business from Mount Kelvin. Ensto Workspaces is a smart lighting control solution that improves employee experience by making light personalized. Ensto has acquired Workspaces business from control system supplier Mount Kelvin, while also investing in Mount Kelvin. Ensto continues to develop the innovative lighting control solution now called Ensto Workspaces.
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The Head of the Seven Wonders - Beijing Daxing International
Airport is completed, which use of MOSO LUP series LED Drivers. According to the 2016 “Guardian” selected the Seven Wonders of the New World, China has taken two seats. One is the Zhuhai-Hong Kong-Macau Bridge, and the other is the top-ranked Beijing Daxing International Airport!
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Osram Sells the SITECO Luminaires Business to Stern Stewart Capital
Osram has found a new owner for the Siteco luminaires business in Stern Stewart Capital. Stern Stewart Capital intends to continue the current transformation approach. Separation from Osram gives Siteco entrepreneurial freedom. The cost situation is also improved with the elimination of previous Group structures. With the sale of the luminaires business, Osram is continuing its transformation to a high-tech company.
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Zumtobel Group Opens New Software Competence Centre for Lighting Technologies in Portugal
The international lighting company Zumtobel Group officially opened its new group-wide software competence centre for lighting technologies in Porto, Portugal. Tridonic, the lighting technology company of the Zumtobel Group, operates the new software competence centre.
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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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