M&A Deal Summary

GE Lighting Acquires Albeo Technologies

On November 26, 2012, GE Lighting acquired electrical equipment company Albeo Technologies

Acquisition Highlights
  • This is GE Lighting’s 1st transaction in the Electrical Equipment sector.
  • This is GE Lighting’s 1st transaction in the United States.
  • This is GE Lighting’s 1st transaction in Colorado.

M&A Deal Summary

Date 2012-11-26
Target Albeo Technologies
Sector Electrical Equipment
Buyer(s) GE Lighting
Deal Type Add-on Acquisition

Target

Albeo Technologies

Boulder, Colorado, United States
Albeo Technologies, Inc., is a provider in Commercial and Industrial LED lighting research and development. Albeo brings the advantages of energy efficient LED Lighting to the industrial and commercial marketplace with LED Lighting solutions created specifically for industrial and commercial buildings

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Buyer(S) 1

Buyer

GE Lighting

Cleveland, Ohio, United States

Category Company
Founded 2000
Sector Electrical Equipment
Employees17,000
DESCRIPTION

GE Lighting LLC offers professional & consumer lighting solutions. GE Lighting was founded in 2000 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 Lightech Electronic Industries

Lod, Israel

Lightech’s mission is to power the global lighting industry. The company invents, designs, manufactures and delivers power supplies for LED and low-voltage halogen lighting systems, sold globally, but primarily in Europe and North America. Lightech’s drivers, transformers and ballasts are among the most reliable, efficient and cost effective in the market. Led by veteran lighting experts, high-technology entrepreneurs, and cutting-edge electronics scientists, Lightech has nearly 20 years of experience as a provider of choice for lighting power supplies, with operations across the globe and satisfied customers on every continent.

Buy $20M