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Cree Purchases Cotco

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Cree Inc. of Durham, N.C., will acquire Cotco Luminant Device Ltd. of Hong Kong, a producer of high-brightness LEDs. Under the terms of the agreement, the former will pay the latter $70 million in cash, along with stock shares valued at $130 million. If the Hong Kong company achieves specific financial goals over two years, it may receive an additional $125 million in stock and/or cash. The acquisition is expected to increase Cree’s annual revenue by 15 to 20 percent, as well as strengthen its presence in China’s solid-state lighting market.

Photonics Spectra
Apr 2007
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BusinessConsumerCree Inc.Employmentlight sourceslight speedphotonicssolid-state lightingLEDs

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