News


Baird Capital Acquires EU Company, Collingwood Lighting

July 24

LONDON, July 24, 2018 – Baird Capital, the direct investment arm of Robert W. Baird & Co., announced today that it has acquired a majority interest in Collingwood Lighting (“Collingwood”). Collingwood is a leading designer and supplier of residential, commercial and exterior luminaires into the professional refurbishment and new-build markets in the UK and France. BairdRead more


Cree Names CFO from NXP

July 24

Durham power device manufacturer Cree (Nasdaq: CREE) has named a new chief financial officer, effective August 27. Neill Reynolds comes from NXP Semiconductors, where he served as senior vice president of finance, strategy and procurement. And he’s a familiar name to Cree CEO Gregg Lowe, as Lowe comes to Cree after having led Freescale Semiconductor, the TexasRead more


Hubbell Beats Wall Street Expectations. Electrical Segment Grows 5%

July 24

Net sales in the second quarter of 2018 were $1.17 billion, an increase of 23% compared to the $948 million reported in the second quarter of 2017. Operating income in the quarter was $157 million as compared to $134 million in the same period of 2017. Excluding Aclara acquisition-related and transaction costs (which affected onlyRead more


Please Welcome the DLC to the Horticulture Lighting Market

July 23

DLC plants support behind horticultural lighting energy-efficiency efforts […]I had the opportunity to speak with DLC technical manager Damon Bosetti and executive director Christina Halfpenny about the organization’s progress toward finalizing technical requirements that will put LED-based horticultural lighting fixtures on the Qualified Products List (QPL). When asked about the stakeholder engagement with the early callRead more


It’s Official. The America’s Mart Atlanta-IMC Deal Closed today–a Very Odd Transaction

July 20

EdisonReport has received the attached announcement from IMC regarding their acquisition of AmericasMart Atlanta that closed today.  AmericasMart has been a 1/3 owner of LIGHTFAIR along with the IES and IALD.  EdisonReport first published the initial announcement on 26 JUN and how unusual it is that LIGHTFAIR was not mentioned.  Today’s announcement mentions furniture, gift, homeRead more


LEDVANCE Issues Tariff Letter

July 20

July 20, 2018 Dear Valued Customer: As a result of global trade uncertainties, we write to provide notice of significant tariffs introduced by the United States on lighting products and components imported from China that, if left in place, will result in cost/price increases on many products LEDVANCE supplies to its customers. On July 6th, theRead more


Navigant Research on Smart Street Lighting: Signify—Leader, Acuity—Challenger

July 19

July 19, 2018 Navigant Research ranks Signify global leader for Smart Street Lighting  Signify ranked as the top scoring leader in new report Navigant Research estimates annual smart street lighting revenue to grow to nearly $8.3 billion globally by 2027 Eindhoven, the Netherlands – Industry analyst firm, Navigant Research, has issued a report entitled, ‘Navigant Research Leaderboard: SmartRead more


Meijers Plans on 100% LED by 2021

July 19

All of Meijer’s stores across its six-state footprint will sport LED interior lighting by 2021, the company has revealed as part of an ongoing effort to grow sustainability initiatives. The Midwestern mass merchandiser plans to reduce its lighting electrical use by up to half annually, using equipment from GE, Cooper and Phillips. The changes will transitionRead more