Cooper Industries has announced the acquisition of Irvine, CA-based Illumination Management Solutions, Inc. (IMS). IMS is a developer of specialized optics and system design for LED luminaires. Terms of the transaction were not disclosed.
IMS designs and manufactures LED systems and luminaires for a variety of lighting applications and has developed an innovation called LightBAR(tm) technology, which allows for greatly extended design life and performance in roadway and infrastructure lighting as well as safety applications in oil and gas, emergency lighting and other industrial applications.
“The acquisition of IMS demonstrates Cooper’s ongoing strategic commitment to become a market leader in energy-efficient solid state lighting solutions,” said Cooper Industries’ Chairman and CEO Kirk S. Hachigian.
Cooper Industries’ Chairman and CEO Kirk S. Hachigian
He adds: “LED technology is a key growth platform for Cooper having previously acquired io Lighting and UK-based Clarity Lighting. Cooper also continues to make organic investments in this key technology platform with the construction of our Cooper Lighting LED Innovation Center in Peachtree City, Georgia, which will act as a centralized resource for all global LED-based activities and will leverage technology from Cooper Crouse-Hinds, Cooper Safety as well as Cooper Lighting. The acquisition of IMS and the talent it brings into our organization strongly complements our technology investments by adding enhanced capabilities in LED-systems and optical design. As a result, Cooper will be able to bring more LED-based solutions to the market faster across our global portfolio and it better positions the company to meet the expected global demand for more energy-efficient solutions and infrastructure investment, including the American Recovery and Reinvestment Act of 2009.”
These types of marriages make sense even in today’s economic climate. Many lighting companies still have strong balance sheets, which many LED companies are looking for, and LED companies offer access to innovative technology in a category that is expected to exhibit strong growth during the downturn.
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