LSI Acquires Atlas Lighting in a ‘Highly Strategic’ LED Deal - Energy Watch News


LSI Acquires Atlas Lighting in a ‘Highly Strategic’ LED Deal

LSI Industries has acquired Atlas Lighting Products, an LED lighting manufacturer, in a “highly strategic” deal. LSI said that it was the biggest investment by the company to date. LSI Industries will pay $97.5 million for all capital stocks in Atlas Lighting, and $96.9 million in cash; the remainder will be paid in stock warrants. During fiscal 2016, Atlas recorded $56.5 million in revenue, and $8.8 million in income, after all adjustments made for private company expenses. LSI portfolio will be broadened after gaining the products and intellectual assets of Atlas. This will provide access to new suppliers, leading to boost in sales and profits. http://bizled.co.in/lsi-acquires-atlas-lighting-in-a-highly-strategic-led-deal/

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