Lightera swallows LED manufacturer Luminus

Lightera swallows LED manufacturer Luminus

Business news |
By eeNews Europe

The merged entity will utilize combined resources to accelerate the commercialization of new solutions and expand market opportunities in core markets including display, entertainment and medical lighting. Expected synergies and corporate R&D expertise will increase emphasis on advanced LED technology development for both general lighting and specialty lighting markets. Besides general lighting, the companies serve a range of markets including consumer displays, entertainment lighting and medical applications.

“We are pleased to announce that the merger has been completed, and we are now one entity,” said Decai Sun, Chairman and CEO of the combined company. “With solid financial backing, increased R&D resources, and access to the technology innovation in Silicon Valley, we are in a position to more aggressively commercialize our existing portfolio while inventing new LED technologies in order to remain the leader in our core markets and enter new markets with a compelling value proposition.”

Luminus Devices will continue to operate out of its Billerica, MA headquarters and will gain access to Lightera’s advanced R&D operation in Sunnyvale, California.

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