NEC to Sell Lighting Subsidiary in April 2019 - Energy Watch News

NEC to Sell Lighting Subsidiary in April 2019

NEC announced that it will remove the lighting business from its group and sell its lighting subsidiary, NEC Lighting, to a new company founded by Japan Mirai Capital on April 1st, 2019. According to the announcement of NEC, the intense price competition in the LED lighting market has led to deficit of its lighting business in the recent ten years. Therefore, NEC decided to withdraw the lighting business which the company has been running for more than six decades.

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