Updated 17 APR 10:30 EST–EdisonReport can confirm that Lutron purchased Ketra. We received a notification from Lutron approximately one hour after posting the below story.
EdisonReport has been working on a Lutron story since last week. Several sources tell us that Lutron will announce that it has acquired, or is acquiring, a lighting company headquartered in the Southwest. The company being acquired has a showroom in New York with a very strong position in that market. EdisonReport has expected Lutron, a cash-rich company, to acquire lighting companies given Leviton’s aggressive acquisition strategy. Leviton acquired Con-Tech in 2016 and Birchwood Lighting in 2017.
Lutron is one of the largest privately held companies in the U.S.