On May 1, US lighting manufacturer Acuity Brands, Inc. (NYSE: AYI) announced the acquisition of IOTA Engineering LLC (IOTA) in Tucson, Arizona, USA, an emergency lighting product. And the manufacturer of the power equipment. M&A, split, joint venture, cross-border, personnel adjustment The wave of LED industry shuffling and restructuring this year is still continuing. In addition to the frequent actions of domestic companies, the actions of foreign companies have never stopped. Recently, China Optical Network was informed of the acquisition of two well-known foreign companies. US lighting manufacturer Acuity announces acquisition of emergency lighting manufacturer IOTA On May 1, US lighting manufacturer Acuity Brands, Inc. (NYSE: AYI) announced the acquisition of IOTA Engineering Limited Liability in Tucson, Arizona, USA The company (IOTA), a manufacturer of emergency lighting products and power equipment. Headquartered in Georgia, USA, Acuity Brands is the largest professional lighting manufacturing company in North America, offering a range of products and services including lighting, lighting control systems, and lighting solutions. With net sales of $3.5 billion in fiscal 2017, Acuity Brands currently has more than 12,000 employees and operates in North America, Europe and Asia. IOTA's product portfolio includes LED emergency drives, fluorescent ballasts and LED retrofit emergency solutions, emergency inverters and emergency lighting controls and accessories. IOTA is the first to offer the industry a UL-rated LED emergency driver that enables professionals and distributors to provide LED emergency solutions for field installation and retrofit projects. IOTA's product portfolio will complement Acuity Brands' existing Power Sentry emergency product line to form a market-leading solution offering. Acuity's acquisition of IOTA may fill a gap in the former portfolio. Laurent Vernerey, executive vice president of Acuity Brands, said: IOTA's acquisition supports the Acuity brand's broad portfolio of intelligent building and lighting solutions. IOTA's industry-leading technology and superior customer service will further enhance Acuity's position in the emergency lighting and equipment market. General LED acquires Acolyte, a manufacturer of LED strips. On May 1, General LED announced that it has acquired the Acolyte Group in New York, USA. Acolyte is a manufacturer of flexible LED strips and other architectural lighting products for indoor and outdoor lighting. It is dedicated to commercial lighting applications such as high-end clubs, star hotels and chain stores. Founded in 2003, General LED is headquartered in San Antonio, USA, and is a Tier 1 design and manufacturer of AgiLight branded LED lighting solutions. General LED is a portfolio company of private equity firm The CapStreet Group. The company's patented lighting products are used in a variety of applications for lighting signage and architectural lighting. General LED serves a variety of end markets represented by the world's best known retail and corporate brands. We are very happy to join the General LED team, said Acolyte founder and CEO JR Guerrieri. General LED's global platform will enable Acolyte to open exciting new markets and sales channels to continue its strong growth and expand its global reach in global service, sales and technical support to better serve our client. We believe that the acquisition of Acolyte is very strategic because it adds to our key product lines in linear LED and building products, and we see a large demand for current and potential customers. In addition, the two companies have highly complementary geographic locations and supply chains that will provide additional synergies. General LED CEO and President Steven Moya said. Recently, other foreign M&A news Osram acquired two lighting companies in the second quarter of FY2018 financial results released on the 3rd, OSRAM announced that in order to expand the proportion of scientific and technological products with great potential in the future, the company recently carried out a Series acquisition. Recently, OSRAM strengthened its business portfolio of semiconductor lighting and laser technology through a wholly-owned acquisition of Vixar. Vixar is a leader in the field of VCSEL (Vertical Cavity Surface Emitting Lasers) in the United States. This technology is widely known for its application in mobile device identification, but also for medical, industrial and automotive applications. Perform gesture recognition and distance measurement. The acquisition will not only bring OSRAM's security technology including ultra-compact 3D facial recognition technology, but also play an important synergistic effect. The Specialty Lighting Division is undergoing a significant shift – focusing on traditional automotive headlamps such as halogen and xenon lamps, with a focus on high-tech LED solutions. At the same time, the Specialty Lighting Division has been expanding the scope of plant lighting business. In order to strengthen the division, OSRAM recently acquired Fluence Bioengineering, a US specialty lighting company, which has taken a new step in the field of intelligent plant cultivation solutions. Fluence's main business includes the development and sale of lighting products for the cultivation of vegetables and medicinal plants. The LED plant lighting system based on OSRAM LED chips has a wide range of applications, especially for the development of vertical agriculture in urban areas. The acquisition will expand OSRAM's plant lighting portfolio. LG Electronics has acquired Austrian ZKW LG Electronics to acquire Austrian automotive lighting company ZKW for 1.44 trillion won (about 8.548 billion yuan), which is the largest M&A transaction in the history of LG Group. LG Electronics announced on April 26 that the company decided to sign a contract at the board meeting to hold 70% of ZKW's shares for 770 million euros (about 5.9 billion yuan). Another LG company also plans to acquire the remaining 30% of ZKW's shares for 330 million euros (about 2.53 billion yuan). LG Electronics explained that the company decided to acquire ZKW because LG has chosen automotive lighting as a new growth engine for the auto parts business. LG Electronics said that the acquisition of ZKW will enhance its automotive parts business portfolio and will also help develop advanced automotive lighting technologies for autonomous vehicles and next-generation vehicles. With the acquisition of ZKW by LG Electronics, the Korean electronics giant will soon become a major supplier of automotive headlights. ZKW is an Austrian car headlight manufacturer founded in 1938, including BMW, Volkswagen, Audi, Buick, Ford and other companies are ZKW customers. Last year, ZKW's sales reached about 1.26 billion euros (about 9.7 billion yuan), an average annual increase of 20% in the past five years. Lighting control brand Lutron acquires smart lighting company Ketra Lighting control leading manufacturer Lutron (Lutron) recently announced the acquisition of smart LED company Ketra. Located in Austin, Texas, USA, Ketra is known for creating intelligent lighting systems that simulate natural light, providing aesthetic, customizable, high-quality lighting in residential and commercial environments. Lutron co-CEO Mike Pessina said that Ketra's lighting range is the perfect complement to Lutron's smart accessories: Ketra's range of quality light sources complements the Lutron lighting control range, enabling our customers to create more comfort at home and at work. Efficient and comfortable environment, Ketra CEO Nav Sooch said the acquisition will provide many benefits for lighting professionals and homeowners. Lutron's global reach, unparalleled service and outstanding reputation offer new opportunities to expand Ketra's unique natural light products into larger markets. He said. Ketra hopes that the new partnership with Lutron will help it further expand its business. Masco acquires Kichler Lighting's world-leading brand of home improvement and construction products manufacturer Masco Corporation announced on March 9 that it has acquired LD Kichler Co., a global leading lighting company, for approximately US$550 million (approximately RMB 3.47 billion). (Kichler). The transaction is expected to close by March 31. Headquartered in Cleveland, Ohio, USA, Kichler is a leading developer of residential and light commercial lighting products, ceiling fans and LED lighting systems for consumer and professional distribution channels, and the world's top ten lighting importers. Kichler's revenue in 2017 was approximately $450 million and employs approximately 700 people worldwide. Headquartered in Livonia, Michigan, USA, Masco is a global leader in the design, manufacture and distribution of branded home décor and construction products, and has recently expanded its product portfolio to seek acquisitions, such as the acquisition of water treatment in the fourth quarter of 2017. Company Mercury Plastics, Inc. Masco President and CEO Keith Allman said: We are very excited about the prospect of expanding Masco to the $6 billion US residential lighting industry.
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