GE Lighting Acquires Lightech, a Technology Leader in LED Drivers; Terms Not Disclosed

GE Lighting announced 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. This strategic acquisition supports GE Lighting's 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. Lightech joins GE Lighting, a business that employs nearly 17,000 employees around the world, engaged in all aspects of lighting technology, research and development, engineering, manufacturing, sales and distribution. “We are thrilled to be teaming with one of the world's technology leaders in LED drivers – a key intelligent power supply technology for LED lighting systems,” says GE Lighting President & CEO Maryrose Sylvester. “Lightech's reputation for high quality, innovative designs and skilled engineering complements and expands GE Lighting's strong team of engineers and scientists around the world.”