GE Lighting acquires Lightech (Israel)
Jul 26, 2011 GE Lighting has announced acquisition of Israeli based Lightech for an undisclosed amount. Although Israeli media Globes has speculated the amount to be within $15-20 million range. Lightech is a privately held company specializing in providing LED electronic drivers and halogen transformers. It has selling teams in Asia, Europe and US. GE Lighting has announced that they are truly excited on joining forces with the outstanding engineering team from Lightech.
Official press release can be found at http://lightechinc.com/lightech-news/
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