Cooper Industries Announces the Acquisition of Fifth Light Technology; Terms Not Disclosed
Cooper Industries plc (NYSE: CBE) today announced the acquisition of Fifth Light Technology, Ltd.. Fifth Light is a privately owned company based in Oakville, Canada that specializes in the design, sale and implementation of digitally addressable lighting interface solutions and a suite of centralized building management software applications.
This portfolio of solutions enables facility management to measure and control energy consumption across individual fixtures, as well as provide for the integration and control of other building management systems across multiple applications. Over the past several years, Fifth Light has installed over 100,000 control devices in premier locations across North America, saving customers significant energy usage associated with their lighting systems.
Terms of the acquisition were not disclosed.
