Deal value - on a cash and debt free basis
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.
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.
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.