In March 2019, Eaton announced that it intended to pursue a tax-free spin-off of its $1.7 billion lighting business to create an independent, publicly traded company.
In September, Eaton revealed that Cooper Lighting Solutions will be the spinoff business’s name.
In a company statement, Curt Hutchins, Group President, Lighting Division, Eaton said, as reported in tED Magazine’s LightED newsletter:
“Today we revealed to employees that ‘Cooper Lighting Solutions’ will be the company name and brand that will represent the Lighting business as an independent, publicly-traded company following the anticipated spin-off of the business later this year. The new name reflects a legacy of innovation as one of the world’s leading providers of LED lighting and control solutions, and it signals a focus on connecting technologies, collaboration and new ways of thinking. We’re excited to share this important news with all of our stakeholders, and we look forward to providing additional updates as they become available.”
