Acquisitions, Partnerships & Other Deals
ABB invests in ECOtality—ABB said it would put $10 million into
ECOtality, a privately owned company in the EV charging station business. Read
GreentechMedia’s analysis here.
Airmaster Fan changes hands—Robert LaZebnik, owner of Airmaster
Fan Company, has sold it to Richard Stone, who was president and CEO.
- Sale done—shareholders approved the sale of CommScope to The Carlyle
Group for $31.50/share. The meeting was held Dec. 30. On Jan. 14, Carlyle
said the acquisition was closed (total cost: $3.9 billion). CommScope is now
a private company.
- Notes sold—just before the above-noted sale was completed, CommScope
sold $1.5 billion in eight-year notes in the private placement market.
- Wireless unit sold—CommScope on Jan. 10 sold its wireless test and
measurement product line to Anite plc, which has a Network Testing business
based in Oulu, Finland. The wireless test line came to CommScope when it bought
- Suit settled—on Jan. 12, CommScope said it had settled a patent infringement
lawsuit that it bought against BoreFlex Industries of Mountain Grove, Mo.
The Charlotte Business Journal said that “BoreFlex has taken a royalty-bearing
license” on the patent involved in the suit.
- Lineage Power Holdings—GE Energy has acquired this company from The
Gores Group. Lineage is described as “a leading global provider of high-efficient
power conversion infrastructure technology and services for the telecommunications
and datacenter industries.” The acquired company’s 2010 revenues were given
as $450 million; GE Energy said the value of what it paid was $520 million.
- SmartSignal—GE Intelligent Platforms has acquired SmartSignal (Lisle.
Ill.), which is an analytics software company that specializes in “providing
remote monitoring and diagnostics solutions to the power generation, oil and
gas, and other industrial sectors,” according to CSEmag.com. The acquired
company was privately owned.
Legrand buys Electrorack—Legrand North America has acquired Electrorack
Products of Anaheim, Calif. The acquirer said Electrorack’s product range is
an “excellent fit with that of Ortronics.”
Leviton & HARMAN—“a renewed and expanded partnership” has
been inked by HARMAN International and Leviton. HARMAN will continue to develop
an exclusive line of speakers (“the Leviton Architectural Edition”).
Motorola buys 4Home—what did it buy? CE Pro answers the
Philips buys Optimum—A Jan. 5 report noted that Philips now owns
Optimum Lighting, a maker of energy-efficient fixtures. Sales price: face down.
PowerSecure to sell—the company (stock symbol POWR) said it will
sell its Southern Flow subsidiary to Zedi for $15.55 million, enabling PowerSecure
to “focus on its core Energy and Smart Grid Solutions business.”
- CJSC DeltaLeasing—Siemens will buy this company from the U.S. Russia
Investment Fund. CJSC is “a Russia-based commercial financing company,” according
- PositiveID Corp. deal—Siemens has signed an agreement with PositiveID,
which grants the latter rights to use some of Siemens “key intellectual property.”
- Sells IT unit—Atos Origin will pay $1.1 billion to Siemens to buy
its IT solutions and services business. Additionally, Siemens will retain
a 15% Stake in Atos for some future period.
- Statoil deal—Siemens has signed a “technology development cooperation
agreement initially focused on wind power, subsea technology, electrical engineering,
and energy efficiency” with Statoil of Norway.
Stanley buys—Sonitrol of Oklahoma City and Sonitrol of Tulsa,
Okla., are now owned by Stanley Convergent Security Solutions.
Acuity Brands—Q1, which ended Nov. 30, 2010, had sales of $425
million, up 8.5% compared with one year earlier. From Vern Nagel, chairman,
president, and CEO: “This was the third quarter in a row where we achieved unit
volume growth in an environment where nonresidential construction continued
to decline.” Looking forward, Nagel noted that, “we expect that the controls
portion of the market will continue to significantly outpace the growth of luminaires.”
BULBRITE—a special ceremony to celebrate this company’s 40th
anniversary is scheduled for Jan. 21 at Showroom No. 3351 at the Dallas Trade
Carmanah Technologies—this Canadian maker of solar and LED products
said it was suing Lightech Electronic Industries of Israel, which it had earlier
agreed to buy. Carmanah canceled the deal in November and is now seeking $625,00
(U.S.) plus interest and costs. According to the Times Colonist (Jan.
7), “the money Carmanah is seeking represents an advance payment for Lightech.”
Columbia Lighting—now offers 7,751 products in its 10-day quick-ship
Cree—claimed “higher flux options plus new, longer lifetime estimates
plus higher CRI options” for “optimized” versions of its indoor LED fixtures.
GE/Starbucks—a press release noted that Starbucks “recently finished
replacing nearly all of its incandescent and halogen lighting with LED lighting
during a two-year rollout.” The product used is from GE.
Hi Score Corp.—this company, with stock traded on the Pink Sheets,
issued a Dec. 21 release noting that it had supplied T5 Retrofit Kits to Trump
Towers in Sunny Isles, Fla.
LEDtronics—this company, based in Torrance, Calif., supplied
LED bulbs used in the five-year restoration of the “historic Rotunda building”
of the L.A. County Natural History Museum.
Lighting Science Group—according to the Dec. 15 Orlando Sentinel,
the company was ready to introduce this month (January 2011) “a 60W LED bulb
it says will cost less than $30, last 20 years or more, and use 75% less electricity.
And it’s made in Satellite Beach, Fla., not China.”
LVX—this company, which offers LED lighting to buyers on a lease,
reportedly obtained a deal with the city of St. Cloud, Minn. See
video on ElectricTV.net.
NGL Supply—Next Generation Lighting Supply, which makes LED products,
said it received ETL certification for its PAR 20 and GU 10 LED lamp products.
Nora Lighting—the company and its employees worked to make the
holidays a little brighter at the Hillview Acres Children’s Home (China, Calif.),
with a donation turned over just before festivities began. More than 2,500 young
people reportedly have called Hillview Acres their home since 1929.
Philips Lumileds—now is producing LEDs on 150-millimeter-diameter
wafers, according to LEDs Magazine,
increasing production capacity.
Progress Lighting—the company’s plans for its booth at the NAHB
International Builders’ Show were written up (here).
SavWatt USA—according to the Baltimore Business Journal, this
local (to the paper) company, which makes LED lighting, has hired 30 people,
may need 170 more before the year ends—and may end up with as many as 500 when
fully geared up. Apparently, SavWatt has relocated LED production from China
US Lighting Tech—said on Jan. 6 that it had shipped the unit
No. 100,000 of its Jersey Series Cobrahead—to Public Service and Enterprise
Group of New Jersey. That volume shipped in “just under 12 months.” USLT, of
Irvine, Calif., makes induction lighting.
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