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Lighting Industry

Q4 2024 Acquisitions

David Shiller February 27, 2025

LightNOW Mergers & Acquisitions

Here is a quick summary of 6 acquisitions and one divestment, in the fourth quarter of 2024:

  • PE Firm acquired Techlight. Details here.
  • Acuity Brands acquired QSC, LLC, an audiovisual solution manufacturer. Details here.
  • Beghelli was acquired by GEWISS, both Italian companies. Details here.
  • Siemens acquires Toggled as part of Altair Engineering acquisition. Details here.
  • Investment firm Perpetual Limited sold off its stake in Beacon Lighting Group Limited. Details here.
  • Focus Lighting and Fixtures Limited agreed to acquire the remaining 49% stake in Xandos Lighting And Fixtures Private Limited. Details here.
  • Garmin acquired Lumishore, a leading marine lighting manufacturer.

Reviewing the 2024 lighting manufacturer acquisitions by quarter reveals a significant slowdown in M&A activity through 2024:

Q1: 11

Q2: 11

Q3: 7

Q4: 6

Image: Clipart-Library.com

 

author avatar
David Shiller
David Shiller is the Publisher of LightNOW, and Senior Business Development Consultant at Capacity Consulting, a North American consulting firm providing business development services to advanced lighting manufacturers. The ALA awarded David the Pillar of the Industry Award. David has been co-chair of the ALA’s Engineering Committee since 2010. David established MaxLite’s OEM component sales into a multi-million dollar division. He invented GU24 lamps while leading ENERGY STAR lighting programs for the US EPA. David has been published in leading lighting publications, including LD+A, enLIGHTenment Magazine, LEDs Magazine, and more.
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