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Hamamatsu Corp. - Earth Innovations LB 2/24

Cooper Buys 2 Lighting Firms

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HOUSTON, Aug. 28, 2007 -- Electrical products and tools manufacturer Cooper Industries Ltd. announced yesterday that it has acquired two lighting companies for $22 million. Cooper Industries, which is incorporated in Bermuda but has its administrative offices in Houston, did not disclose the separate purchase prices for io Lighting and Powerline Communications Inc. (PCI). However, in a separate statement, VenCom Group, a Chicago-based private equity firm, said it sold io Lighting to Cooper for $16.65 million. VenCom also said that io Lighting of Vernon Hills, Ill., a manufacturer of LED light fixtures for...Read full article

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    Published: August 2007
    Glossary
    photonics
    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...
    acquiredCommunicationsConsumerCooperCooper IndustriesEmploymentenergy managementindustrialio Lightinglightinglighting controlsluminariesNews & FeaturesPCIphotonicsPowerline CommunicationsSensors & DetectorsLEDs

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