GE Lighting announced that it has signed an agreement to acquire Lightech, a privately held, advanced lighting technology leader based near Tel Aviv, Israel, with commercial teams in Europe, the U.S. and Asia. Lightech specializes in providing LED electronic drivers, plus halogen transformers, to the lighting industry. GE states that this strategic acquisition supports its vision of leading the lighting revolution underway as the global lighting industry undergoes a profound transformation from older technology to new energy-efficient light sources, including LED lighting.
Purchase price was not disclosed.