Thoughts from Dave Mead and discussion about issues and concerns for Small and Mid-size Businesses. Some discussion topics will include strategic planning and execution, improving profitability and cash flow, maximizing value for exit.
Monday, November 26, 2012
Albeo Technologies announces sale to GE Lighting - a strategic buyer
Congratulations to Jeff Bisberg and the team at Albeo Technologies - a 2010 Colorado Company to Watch.
GE Lighting Acquiring Colorado-Based Fixture Company Albeo Technologies
EAST CLEVELAND, Ohio — November 26, 2012 — (NYSE:GE) — GE Lighting—inventor of many of the major lighting technologies at work today, including the first visible LED 50 years ago—has signed an agreement to acquire Boulder, Colorado-based Albeo Technologies Inc., a privately held LED fixture manufacturer established in 2004.
“The addition of Albeo Technologies’ immensely talented team and its award-winning LED fixture portfolio enhances GE Lighting’s ability to serve as a trusted advisor to enterprise customers around the world,” says Maryrose Sylvester, president and CEO, GE Lighting. “This acquisition is a big boost for GE customers moving aggressively toward an all-LED building envelope in new construction and retrofits, including retail, commercial and industrial high-bay applications.”
GE’s professional solutions business today offers commercial, industrial and municipal customers a range of legacy lighting solutions and LED systems for architectural, indoor, outdoor, signage, retail and transportation applications.
Albeo Technologies’ LED systems—high-bay, low-bay, linear, surface mount and under cabinet fixtures—are at work in commercial, warehouse, industrial, cold storage, office, data center, food processing, parking garage, school, sporting and correctional settings. Its solutions have helped to illuminate a range of “all-LED” facilities, including one of the world’s 10 largest data centers. Albeo Technologies’ products have been recognized with 16 independently judged awards, including six from the U.S. Department of Energy.