Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Cree Acquires Outdoor LED Maker for $525M

Photonics.com
Aug 2011
DURHAM, N.C., Aug. 19, 2011 — LED lighting provider Cree Inc. has announced the acquisition of LED outdoor lighting company Ruud Lighting Inc. of Racine, Wis., for $525 million.


As part of the nation’s largest streetlight conversion project, Los Angeles is planning to install 128,000 BetaLED fixtures, featuring Cree XLamp LEDs, over four years. (Image: Business Wire)

The addition of Ruud Lighting’s BetaLED product line allows Cree to increase its leadership position in the LED industry and to extend the adoption of energy-efficient LED lighting worldwide. The purchase will also provide increased access to the lighting market through expanded sales channels and operating leverage from increased economies of scale, the company said.

Ruud Lighting will continue to be based in Racine and will operate as a subsidiary of Cree’s lighting business. Alan Ruud, chairman and CEO of Ruud Lighting, has joined the Cree board.

For more information, visit: www.cree.com  



Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.