Signify Finalizes Acquisition of Cooper Lighting Solutions

CEW Signify coper 400

March 2, 2020

Signify has completed the acquisition of Cooper Lighting Solutions from Eaton. The transaction strengthens Signify’s market position and better positions the company to capture growth in the North American lighting market.

“We’re very excited to welcome Cooper Lighting to Signify and to start working together,” said Eric Rondolat, CEO of Signify. “Since the announcement of the transaction on October 15, the teams have been working hard to prepare the integration plans and are now ready to move fast to realize the synergies. Together, we will drive innovation, advance in connected lighting and systems, creating significant value for our customers. And it will give us the scale and operational efficiencies to make our offerings even more competitive.”

“We could not be more excited to officially become part of the world leader in lighting,” said Kraig Kasler, President of Cooper Lighting Solutions. “Bringing together two businesses that share a vision on where the industry is headed and a purpose to drive sustainable growth in North America and beyond, will result in significant benefits for our customers, our employees and all our stakeholders.”

Signify acquired Cooper Lighting for USD 1.4 billion on a cash and debt-free basis. Cooper Lighting, based in Peachtree City, GA, United States, generated1 EUR 1.477 million of sales, Adjusted EBITA of EUR 150 million and EBITA of EUR 165 million in 2019.

Source

Related Articles


Changing Scene

  • ABB Designs Time-Saving ENT Fittings for Construction Projects

    ABB Designs Time-Saving ENT Fittings for Construction Projects

    As Canada’s construction industry prepares for long-term growth, durable, locally produced materials and efficient installation methods are propelling the industry forward. An essential component of building electrical systems, ABB Installation Products engineered new Carlon Flex-Plus Blue electrical non-metallic tubing (ENT) two-piece fittings to help speed and simplify conduit installations and meet demanding project timelines. Read More…

  • ABB Simplifies Electrical Installations With New Snap-in Fittings

    ABB Simplifies Electrical Installations With New Snap-in Fittings

    The integration of smart technology, energy management systems and enhanced security features is reshaping the Canadian electrical industry. These installations often require electricians to work with new systems and products under tight project timelines, especially in high-demand sectors such as healthcare and commercial construction. To streamline installations, ABB Installation Products engineered new Iberville snap-in fittings… Read More…


Peers & Profiles