Archive for the ‘Acquisitions + Deals’ Category

Philips Lighting Creates Partner Ecosystem for Indoor Positioning

Philips Lighting recently announced its Location Lab partner program, comprised of companies developing innovative applications for its highly accurate indoor positioning system. The Location Lab partner program enables collaboration with industry leaders and start-ups to explore novel uses of the Philips’ indoor positioning system that appeal to innovation leaders in retail, malls, offices and other […]

Chinese Consortium Buys OSRAM’s General Lighting Business for €400 million

OSRAM Licht AG recently announced it has approved the sale of Ledvance (formerly OSRAM SYLVANIA), its general lighting lamps business. The buyer is a Chinese consortium consisting of the strategic investor IDG Capital Partners (IDG), the Chinese lighting company MLS Co., Ltd. (MLS) and the financial investor Yiwu State-Owned Assets Operation Center (Yiwu). The purchase […]

Designer Pages Acquires eLumit

In a letter to eLumit users, President Jeremy Nesse announced the site has been acquired by Designer Pages, an online product selection and specification solution for commercial architectural and interior design firms. The site will shut down by July 15. From the letter: This consolidated effort will provide: • eLumit users with a suite […]

Philips to Launch Sales of Shares in Lighting Unit

Royal Philips announced that it intends to sell shares in the lighting business unit via a public offering. This culminates a process started in 2014, when the company announced it intended to sell its lighting unit. Royal Philips initially intends to sell at least 25% of the shares in the IPO. After the IPO, Royal […]

LumenPulse Acquires Fluxwerx

Lumenpulse Inc., a manufacturer of specification-grade LED lighting solutions, recently announced it has acquired Fluxwerx Illumination Inc., a privately owned pure-play specification-grade LED lighting solutions provider based in British Columbia, Canada, for a total initial consideration of $60 million. Founded in 2011, Fluxwerx is a manufacturer of LED luminaires, with several innovations including the company’s […]

Great Read: ELECTRICAL TRENDS Evaluates Change in Lighting Market in 2015

In an interesting article published by ELECTRICAL TRENDS, David Gordon of Channel Marketing Group provides insightful top-line analysis of major merger and acquisition activity in the lighting industry in 2015, and what it means. Interesting stuff. Check it out here.

LG Display Partners with Korea’s Fursys Group

LG Display recently announced that it will supply OLED panels to ilroom, a specialized home furniture brand of the Fursys Group, a leading office furniture company in Korea. The desk light uses OLED light panels as the light source and provides a prominent example of how OLED lighting can be integrated with furniture. The new […]

ZigBee and EnOcean Alliances Collaborate to Combine Benefits of EnOcean Energy Harvesting Wireless with ZigBee 3.0

The ZigBee Alliance, a non-profit association of organizations creating open, global standards that define the Internet of Things (IoT) for use in consumer, commercial and industrial applications, recently announced with the EnOcean Alliance, a leading consortium for battery-less, wireless smart buildings and smart homes, that the two organizations will cooperate on combining the benefits of […]

Acuity Brands, Inc. Announces Acquisition of Geometri

Acuity Brands, Inc. has acquired for cash certain assets, including all proprietary technology and other intellectual property, of GeoMetri, LLC, a provider of a software and services platform for mapping, navigation and analytics. “GeoMetri technology brings a key component into our digital lighting platform, augmenting our positioning services which now include over 10 million square […]

EcoSense Acquires Journee

EcoSense recently announced that it has acquired the assets of Journée Lighting, a privately owned, CA-based lighting company that specializes in the design and development of specification-grade lighting. This acquisition allows EcoSense to enter the downlight and track lighting market and leverage Journée’s IP for future product development efforts. “Journée’s specifier-grade product portfolio is a […]