Eaton to spin off its lighting business
Monday, 11 March 2019
eatonOver the next few months, Eaton will be working to finalise the spin-off
UK - Eaton has announced it will pursue a spin-off of its lighting business in order to create an independent, publicly traded company.
The transaction is set to complete by the end of 2019 and would create one of the largest global lighting companies.
Included in the spin-off are UK brands Zero 88, iLight and Greengate as well as Eaton’s global airport lighting business and mains lighting and intrusion systems operations. The Crouse-Hinds Industrial Lighting business and Life Safety Division’s emergency lighting product lines in Europe, the Middle East and Africa will remain with Eaton.
According to Eaton Lighting Systems MD Simon Sparrow, the move “better positions the lighting business to respond to evolving industry and customer needs; enables Lighting to compete more effectively across its diverse end-markets; and enhances Eaton’s ability to focus investments in its core businesses.”
Over the next few months, Eaton will be working to finalise the transaction and ensure a smooth transition for its employees, customers and business partners, but the company assures it will be “business as usual” for all in the meantime.
Eaton says customers can contact their sales representative with any questions related to this announcement or any on-going business relationships.
(Jim Evans)

Latest Issue. . .

Tweets from our Friends