Signify to Purchase Cooper Lighting from Eaton

LDS 7 CS Signify 400

Oct 16, 2019

Eaton has entered into an agreement to sell its recently named Lighting business, Cooper Lighting, to Signify for a cash purchase price of $1.4 billion. The decision to sell the Lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value.

Eaton’s Lighting business is one of the world’s leading providers of LED lighting and control solutions. Its broad range of innovative products and systems are designed to maximize performance and energy efficiency. The business, which had sales of $1.7 billion in 2018, serves customers in commercial, industrial, residential and municipal markets.

“Today’s announcement is another example of how we are actively managing our portfolio to create value for our shareholders,” said Craig Arnold, Eaton chairman and chief executive officer.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2020. Goldman, Sachs & Co. LLC., is acting as financial advisor to Eaton.

Source

Related Articles

Changing Scene

  • Oct 8, 2026 - Canada Light Expo 2026 To Unite Canada’s Lighting Industry Under One Roof - CLE 2026

    Canada Light Expo 2026 To Unite Canada’s Lighting Industry Under One Roof

    Canada Light Expo 2026, the country’s premier exhibition for the lighting and LED technology sector, will return to the International Centre, Toronto, on 18–19 November 2026. Marking its 3rd edition, the event is expected to bring together more than 100 leading brands and showcase over 1,000 lighting solutions, connecting manufacturers, designers, specifiers, distributors, contractors, and… Read More…

  • Oct 7, 2026 - Eureka Wins Multiple GRANDS PRIX DU DESIGN Awards

    Eureka Wins Multiple GRANDS PRIX DU DESIGN Awards

    Eureka is pleased to announce that five of its luminaire families have been recognized in the 19th edition of the GRANDS PRIX DU DESIGN Awards. Jarry, Orelia, Scout Accessories, Torno, and Tulip all received GOLD CERTIFICATION in the Product Design – Lighting/Indoor Lighting Fixture category. The GRANDS PRIX DU DESIGN Awards is an international competition… Read More…

Design

  • LEDVANCE: Toyota Lighting Case Study – Brossard, Quebec, Canada

    LEDVANCE: Toyota Lighting Case Study – Brossard, Quebec, Canada

    Located 15 minutes from Montreal, Toyota’s Quebec Regional Office in Brossard, Canada houses a first-floor training and service area, and second-floor offices where financial services and dealer network operations are conducted.  With environmental sustainability representing a core pillar of Toyota’s mission, the Brossard location has long been committed to embracing products and practices that conserve… Read More…

  • CSC LED: How Product Availability Impacts Project Timelines

    CSC LED: How Product Availability Impacts Project Timelines

    When planning an LED lighting project, the focus is usually on performance, specifications, budget, and application requirements. But there is another factor that can have just as much impact on the project: product availability. A fixture may be the right choice on paper, but if it is not available when needed, it can affect installation… Read More…

New Products

  • SATCO|NUVO: Dual Head Security Lights – Bullet & Square Heads Models

    SATCO|NUVO: Dual Head Security Lights – Bullet & Square Heads Models

    SATCO|NUVO’s Dual Head Security Lights deliver dependable outdoor illumination for residential and commercial applications. Available in traditional bullet head designs as well as architectural square heads, these fixtures feature selectable 3000K, 4000K, and 5000K color temperatures and are offered in black, white, and bronze finishes to complement a variety of exteriors. Constructed from rugged die-cast… Read More…

  • ABB Ready-Lite: RSAUR Series – Surface-Mount Architectural Remote Fixture

    ABB Ready-Lite: RSAUR Series – Surface-Mount Architectural Remote Fixture

    The RSAUR Series surface-mount architectural remote fixture is designed specifically for installations requiring a junction box, whether recessed, surface-mounted, or suspended. Engineered for easy installation, it combines performance with simplicity and style, making it a smart choice for commercial and architectural environments. Recognized with Grands Prix du Design | Gold Certification 2026. Read More…