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    Acquisition of Cooper Lighting Solutions

    USD 1.4 bn


    Deal value - on a cash and debt free basis

    > USD 60 m


    Potential savings

    USD 12 bn


    US professional lighting market

     

    Signify to acquire Cooper Lighting Solutions to strengthen its position in the attractive North American lighting market

     

    Closing is subject to regulatory approvals, expected to take place in Q1 2020.

     

    Read the press release

    Cooper Lighting Solutions

     

    Cooper Lighting Solutions is a leading provider of professional lighting, mainly selling in North America.

     

    It offers a large breadth of professional lighting, lighting controls and connected lighting.

     

    It is headquartered in Peachtree City, GA, United States. 

    “We will join forces to further develop connected lighting and provide our customers with the highest level of service while optimizing operational efficiencies.”

     

    - Eric Rondolat, CEO of Signify

    Go-to-market FAQ

     

    Signify and Cooper Lighting will maintain separate front offices, including its sales forces, agent networks, product and brand portfolios, marketing and product development teams.

     

    Both businesses will be able to strengthen their respective product portfolios.

     

    Together they will benefit from an increased power of innovation and more competitive and cost-efficient offerings.

    What’s the difference between Signify’s and Cooper Lighting Solutions’ portfolio?
    A: Both companies have a portfolio of luminaire brands that’s well recognized in their respective categories. Cooper Lighting Solutions brings a strong lighting and connectivity portfolio in many verticals, such as residential, commercial, industrial, sports, and healthcare. Signify brings an extensive IoT offering for in- and outdoor lighting and has world leading technologies in architectural façade lighting, horticulture and animal lighting as well as in emerging areas such as LiFi and 3D printing.
    Will Cooper’s customer approach change to align with Signify’s?
    A:  The customer approach will remain unchanged as both companies will continue to sell their products under their own brand names using their respective agency sales representative networks. This will preserve the strategy and principles behind the commercial success of both companies.
    Will customers notice a change in service as a result of this acquisition?
    A: Until the transaction closes it’s business as usual for both companies which means that both companies continue their ordinary course of business independently from each other. Both companies aim to exceed customer expectations with regard to service reliability. At Signify we have improved our service levels considerably in the US and reached a level for our professional luminaires business that’s above industry standard while we continue to raise the bar to provide our customers with the highest level of service across our portfolio.
    Will Cooper Lighting Solutions keep its brands?
    A: Yes, Cooper Lighting Solutions will continue to sell its products under its own brand names, including Corelite, Halo, Lumark, McGraw-Edison, Metalux, and many more, using its existing agency network.
    How will you deal with overlapping product portfolio and market segments?
    A: Both companies will continue to sell their products under their own brand names using their respective agency networks. As such, it will be business as usual.

    “Cooper Lighting has built a high-performance company based on professionalism, truly innovative offers and a long and strong relationship with their customers. We share a genuine passion and single focus for Lighting and a successful track record in innovation.”


    - Eric Rondolat, CEO of Signify

    General FAQ

     

    On October 15, we signed an agreement announcing our intention to acquire Cooper Lighting Solutions, headquartered in Peachtree City, GA, United States. Below you’ll find the answers to some of the most common questions about this upcoming acquisition.

    Tell us more about Cooper Lighting Solutions.
    A: Cooper Lighting Solutions is a leading provider of professional lighting, selling its products mainly in North America. The company markets a broad product portfolio of LED lighting and lighting controls through highly regarded brands. It sells to important market segments through a strong network of sales agents, distributors, retailers and direct end-user sales teams.
    Which countries is Cooper Lighting Solutions active in?
    A: Cooper Lighting Solutions is present in 11 countries, selling to customers in about 100 countries.
    When will the deal be closed?
    A: Closing is subject to regulatory approvals which are expected to take place in Q1 of 2020.
    Why did Signify announce it plans to acquire Cooper Lighting Solutions?
    A: The deal is a clear strategic fit that will benefit all our stakeholders. It will create greater innovation power, more competitive offerings and financial value.

    This strategic move reinforces our position globally and in the Americas - the largest and most advanced professional lighting market in the world, valued at more than $12bn. It also illustrates our unwavering commitment to grow our industry, innovate and create value for all stakeholders.
    How will Signify ensure the success of the Cooper Lighting acquisition?

    A: Cooper Lighting Solutions will be organized as a standalone business unit within Signify and will continue to operate from its offices in Peachtree City, Georgia.

     

    Cooper Lighting Solutions will benefit from Signify’s experience in establishing post-spin off a standalone lighting company.

     

    Both companies have a similar DNA, with a strong heritage and commitment to innovation. Our commitment to innovation and investments in R&D will help us to further drive advances in lighting as well as connected and intelligent lighting.

     

    We want to preserve the strategy and principles behind the commercial success of both companies. That’s why both companies will continue to sell their products under their own brand names using their respective agency networks.

    Strategic move

     

    The acquisition reinforces Signify's position globally and in the Americas.

     

    The North American market is the largest and most advanced professional lighting market in the world, valued at more than USD 12 bn.

     

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