), 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.
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