Lightech Electronic Industries Ltd. (Lightech) a privately held, advanced lighting power supplies company based near Tel Aviv, Israel, has been sold to GE Lighting for an undisclosed amount.
Lightech specializes in providing LED electronic drivers and halogen transformers to the lighting industry, with operations across the globe.
Lightech joins GE Lighting, engaged in all aspects of lighting technology, research and development, engineering, manufacturing, sales and distribution to build on its strength in power supply design and system optimization. The addition of engineering capability enables GE Lighting to respond to the market need for complete systems and higher-performance drivers and control. In addition to building its own systems, GE will build on Lightech's market presence with OEMs.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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