Delta Acquires Lighting Solution Brand Amerlux - Energy Watch News


Delta Acquires Lighting Solution Brand Amerlux

Delta Electronics (Netherlands) B.V., a wholly-owned subsidiary of Delta, a Taiwan-based global provider of power and thermal management solutions, will acquire 100% of Amerlux’s interests for USD 90 million. The transaction is expected to close during the second quarter of 2019. The aforementioned agreement includes an earn-out mechanism in which Delta will pay an additional pre-established amount for the transaction should Amerlux’s 2019 EBITDA and revenue reach a predetermined target. Frank P. Diassi, founder and chairman of Amerlux, said, “Since its inception, Amerlux has consistently grown its revenue base to become a world-class provider of high-end architectural lighting luminaries. Our products have been certified in over 58 countries throughout the world. Amerlux’s existing facilities in Oakland, New Jerseywill continue to produce interior and exterior lighting products, and the current management and employees of Amerlux will remain in place.” http://www.delta-americas.com/news/press

Tagged with: , , ,
Posted in Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Product


 

Featured Job