Leading lighting company Signify has entered into an agreement with Eaton to acquire Cooper Lighting Solutions for USD 1.4 billion
Details are provided below:
- Even after deal Signify and Cooper Lighting will maintain separate sales forces, agent networks, product and brand portfolios, marketing teams.
- Cooper Lighting Solutions, is a leading provider of professional lighting & lighting controls,
- Eric Rondolat CEO of Signify said Todays announcement confirms the strategic importance of the North American market for Signify. This acquisition will substantially strengthen our position in this attractive market. We look forward to welcoming the team from Cooper Lighting. They have built a high-performance company based on professionalism, truly innovative offers and a long and strong relationship with their customers. We share a genuine passion and single focus for Lighting and a successful track record in innovation. We will join forces to further develop connected lighting and provide our customers with the highest level of service while optimizing operational efficiencies.”