Schneider Electric To Move Into Lighting Market With Agreement To Buy Juno Lighting

Making a bold move into the lighting market, Square D Co., a unit of France’s Schneider Electric, has agreed to buy Juno Lighting Inc., for $610 million. The sale price includes about $200 million of assumed debt.

While Square D has lighting controls systems in its distribution equipment offering, the acquisition is Square D’s first foray into the lighting fixtures business. The company would continue to operate as an independent business, reporting to Dave Petratis, executive vice pr

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