M&A Deal Summary

Signify Acquires Intelligent Lighting Controls

On March 1, 2023, Signify acquired electrical equipment company Intelligent Lighting Controls

Acquisition Highlights
  • This is Signify’s 1st transaction in the Electrical Equipment sector.
  • This is Signify’s 1st transaction in the United States.
  • This is Signify’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-03-01
Target Intelligent Lighting Controls
Sector Electrical Equipment
Buyer(s) Signify
Deal Type Add-on Acquisition

Target

Intelligent Lighting Controls

Minneapolis, Minnesota, United States
Intelligent Lighting Controls is a U.S. manufacturer of wired control systems primarily focused on energy-saving control systems in applications such as healthcare, education, offices, and sporting venues. Intelligent Lighting Controls was founded in 1990 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Signify

Eindhoven, Netherlands
Category Company
Founded 1891
Sector Electrical Equipment
Employees31,219
Revenue 6.7B EUR (2023)
DESCRIPTION

Signify engages in the manufacture and wholesale of lighting products for industrial, commercial, and consumer markets. Signify was founded in 1891 and is based in Eindhoven, Netherlands.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-03 LTI

Baldwin Park, California, United States

LTI is a developer, manufacturer, and sells specialty discharge lamps to industrial and theatrical OEM customers and distribution partners worldwide. LTI's xenon and mercury xenon lamps provide very high intensity, pinpoint sources of light for specific user applications, including cinema and video projection, exhibition and architectural lighting, and medical and industrial applications. LTI was founded in 1999 and is based in Baldwin Park, California.

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