22 August 2011 Cree acquires outdoor led lighting firm Cree acquires outdoor led lighting firm Cree has announced its acquisition over outdoor led lighting specialist, Ruud Lighting, for an estimated $525million. The acquisition will allow Cree to pursue market leadership in indoor and outdoor led lighting and increase the adoption of energy efficient led components. "Cree is taking another bold step in leading the led lighting revolution, creating a company that has an unrivaled focus and commitment to driving led lighting adoption," said Chuck Swoboda, Cree's chairman and ceo. Ruud will continue to be based in Racine, Wisconsin, and will operate as a subsidiary as part of Cree's lighting business. Author Laura Hopperton Comment on this article Companies Cree Inc This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team. What you think about this article: Add your comments Name Email Comments Your comments/feedback may be edited prior to publishing. Not all entries will be published. Please view our Terms and Conditions before leaving a comment.