Lighting Industry

Grainger, the $6.9 billion broad line distributor of facilities maintenance products, recently announced it signed and closed an all-cash acquisition of Alliance Energy Solutions. Grainger anticipates the transaction should accrete to earnings in 2010 by approximately $0.01 – 0.02 per share. Other terms of the deal were not disclosed. Alliance Energy Solutions, headquartered in Connecticut, [...]

Italian lighting company Leucos USA has announced the launch of its new website at leucosusa.com. This site serves as a portal to the individual websites for the company’s three brands: Leucos, ITRE and the FDV Collection (muranodue, Alt Lucialternative, Aureliano Toso, Gallery).

Don’t know about you, but this song from my childhood always gets me in the mood for Christmas.

More than 400 lighting professionals met November 15-17 in Seattle, WA for the 2009 Annual Conference of the Illuminating Engineering Society of North America (IES). The theme of the three day event was “Realizing the Future—Research to Applications.” Presenters focused on both recent developments and some of the big ideas that will affect the future [...]

Philips and Acuity Brands, Inc. recently announced that they have entered into a license agreement allowing Acuity Brands to access Philips’ LED-based patent portfolio. Philips makes its patent portfolio for LED systems and controls available via a licensing program to third parties in order to foster industry growth. The agreement will apply to worldwide sales [...]

Federal Signal Corporation has announced it has completed the sale of its industrial lighting manufacturer subsidiary, Pauluhn, to the Cooper Crouse-Hinds division of Cooper Industries for $35 million. For over 75 Years, Pauluhn has been providing marine, offshore and industrial lighting products for hazardous locations and corrosive environments. Pauluhn is a supplier of a wide [...]

NEMA’s lamp indices for incandescent lamps and CFLs declined 7.1% and 18.2%, respectively, on a year-over-year basis during the third quarter of 2009. The incandescent lamp sales index fell for the twelfth consecutive quarter and registered its lowest level ever recorded (55.4). CFL sales have contracted in five of the last 6 quarters, slipping to [...]

Hope you and your family have a fun and safe holiday today.

Cree, Inc. recently announced record revenue of $169.1 million for its first quarter of fiscal 2010, ended September 27, 2009. This represents a 20% increase compared to revenue of $140.4 million reported for the first fiscal quarter last year and a 14% increase compared to the fourth quarter of fiscal 2009.