comment on this article

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 Findlay Media copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

Enjoy this story? People who read this article also read...

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.

Related Articles

Ionix raises £2m

Ionix Advanced Technologies has closed a £2million funding round, with backing ...

A bright future?

It's a decade since the Electronics Innovation and Growth Team's report painted ...

Always innovating

Check out this brief video promo for an all new website that explores TI ...

Peak or bleak?

Ten years ago, the EIGT Report presented the electronics industry with some ...