The GE acquisition Albeo lighting technology company to seize the LED market share

Recently, GE Lighting and is located in Boulder, Colorado, LED lamps manufacturers - Albeo Technologies, Inc. has signed a merger agreement.

For the M & A Investment Advisor in the photoelectric industry researcher Tian Bosheng pointed out, Albeo LED lamp manufacturing core technology, and provide important support for the research and development system upgrading will bring GE and GE in the field of LED product quality will be improved market share is expected to be further enhanced.

Maryrose Sylvester, President and CEO of GE Lighting, said: "This acquisition greatly help GE customers their fists in the LED project, new construction and renovation projects, including retail, commercial and industrial applications.

It is understood that GE professional solutions business, and now a series of buildings, indoor, outdoor, signage, retail and transportation applications suitable for advanced lighting solutions and LED systems for customers in the commercial, industrial and municipal construction industry.

Albeo's LED system includes the installation of lighting products, commonly used low ceiling lamps, straight-shaped lamps, surface mount and cabinet bottom, are widely used in commercial, warehouse, industrial, cold storage, office, data center, food processing, car parks, schools , sports facilities and other places.

"Albeo technology company co-founder and CEO Jeff Bisberg said" GE make more customers access to our technology-leading LED lighting solutions and given us stronger research and product development capabilities. "

GE has said, this acquisition enhances the ability to provide customers with a more complete and supporting LED solutions. It is reported Albeo technology products will be sold in its existing distribution channels and the current GE's global distribution network.

Tianbo Sheng said, the lighting industry has entered a period of structural adjustment, excess capacity, and the elimination of backward production capacity necessary to carry out, to be updated lighting technology, lighting products, need strict industry specifications. The lighting giant common practice to enhance the core competitiveness by optimizing the internal structure, some enterprises to carry out mergers and acquisitions to grab market share, not only driven by the rapid development of enterprises, but also effectively promote the upgrading of the lighting industry.