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Cree Buying LLF for $103M

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DURHAM, N.C., Feb. 11, 2008 -- LED chips and components maker Cree Inc. announced it will acquire privately held LED Lighting Fixtures (LLF) Inc., a company established by its co-founder, for approximately $103.4 million. LLF was founded in 2005 in Morrisville, N.C., just outside Durham, where Cree has its headquarters. LLF makes luminaires containing LEDs and also develops LED retrofit products that can fit into existing light fixtures. It uses Cree's LEDs in its products, which are for commercial and residential use. Under the terms of the agreement, Cree will acquire LLF for approximately $77 million in cash and...Read full article

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    Published: February 2008
    Glossary
    nano
    An SI prefix meaning one billionth (10-9). Nano can also be used to indicate the study of atoms, molecules and other structures and particles on the nanometer scale. Nano-optics (also referred to as nanophotonics), for example, is the study of how light and light-matter interactions behave on the nanometer scale. See nanophotonics.
    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...
    acquireacquisitionsagreementChuck SwobodaConsumerCreeEmploymentindustrialLED Lighting Fixtureslightinglighting fixturesLLFLuminairesnanoNeal HunterNews & FeaturesphotonicsretrofitLEDs

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