Signify to buy U.S. firm Cooper Lighting for $1.4 billion

), the Dutch-based lighting company, has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp. for $1.4 billion in cash to boost its presence in North America.

The acquisition is the largest by Signify, the world’s largest lighting maker that was formerly known as Philips Lighting, since it was spun off from Philips in 2016. “With Cooper we are getting a very large player in North America professional. They have great market positions, they have a large agent network, they have very deep customer relationships, they have great brands over there.”Peachtree City, Ga.-based Cooper Lighting Solutionst sells professional lighting and controls under the Corelite, Halo, McGraw-Edison and Metalux brands.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Signify to buy Cooper Lighting from Eaton for $1.4 billionSignify , the Dutch-based lighting company, said on Tuesday it has agreed to buy...
Source: Reuters - 🏆 2. / 97 Read more »

Signify to buy Cooper Lighting from Eaton for $1.4 billionSignify , the Dutch-based lighting company, said on Tuesday it has agreed to buy...
Source: Reuters - 🏆 2. / 97 Read more »

Volkswagen pauses $1.4 billion investment in Turkey over Syria invasionVolkswagen has paused a planned $1.4 billion investment in Turkey as a result of the country's military offensive in Syria. The Turks wouldn't care for halt in their economy when they believed their safety comes first. Why,,? These act have nothing to do build cars, volkwagen prefer to sale cars to 3,5 millions refuges turks its going to send to eurozone Bravo VW volkswagen so proud of you. It's high time multinationals companies follow ethics and oppose Turkey's inhuman action on Kurds.
Source: CNN - 🏆 4. / 95 Read more »