Lighting Industry
Q1 2025 Acquisitions
David Shiller May 2, 2025

Here is a quick summary of 4 acquisitions and one bankruptcy, in the first quarter of 2025:
- Kuzco acquired Insight Lighting. Details here.
- LEDVANCE acquires loblicht (German). Details here.
- Elemental LED acquires Gammalux Lighting Systems. Details here.
- LSI acquires CBH (display). Details here.
- Touche Lighting Control filed for bankruptcy. Details here.
Reviewing the lighting manufacturer acquisitions by quarter reveals a dramatic slowdown in M&A activity over the past 16 months:
Q1 2024: 11
Q2 2024: 11
Q3 2024: 7
Q4 2024: 6
Q1 2025: 4.
Image: Clipart-Library.com
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David Shiller is the Publisher of LightNOW, and President of Lighting Solution Development, 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 co-chaired 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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