Acuity Brands Lighting, Inc. has entered into a purchase agreement to acquire all of the equity interests of spec-grade luminaire manufacturer The Luminaires Group, home to five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis.
Lighting Industry
TLED Lamps Hold 30 Percent Market Share
In Q119, TLED lamps accounted for 30.4 percent of linear lamp shipments. T8 lamps accounted for 50.9 percent of shipments while T5 and T12 lamps claimed 8.2 and 10.4 percent, respectively.
OSRAM Clears Path for AMS Takeover
The Managing Board and Supervisory Board of OSRAM have waived the existing standstill agreement with AMS and signed a cooperation agreement. This clears the way for a voluntary public takeover offer by AMS AG. The offer, which is expected to be valid until the beginning of October, amounts to EUR 38.50 in cash per share, with a minimum acceptance level of 70%.