Ellis Yan, former CEO of lighting manufacturer TCP International Holdings, Aurora, OH, and his brother Solomon Yan, through their company Quality Light Source GmbH (QLS), have agreed to buy all outstanding shares of the company in a deal to take...
Jes Munk Hansen has stepped down as chief executive officer of the lighting manufacturer less than a month after the company announced significant layoffs and plant closings in a move to adapt to the changing future of lighting technology.
The 3M operations will join Corning's Optical Communications segment, boosting its high-bandwidth and optical fiber product offerings.
The Korean electronics giant intends to lead the global lighting market in a move toward OLEDs.
The cuts are concentrated in GE's Power Division and most will come outside the United States.
Despite earlier restructuring efforts, Ledvance said that the capacity utilization of its production sites globally is currently only at 20% to 40%.
Citing structural changes in global power generation markets, Siemens AG, Munich, Germany, today announced a staff reduction of 6,900 people worldwide.
The Weidmüller Group, Detmold, Germany, has acquired W Interconnections Inc. from Rockwell Automation. The business manufactures active and passive interface modules for industrial automation and control applications including printed circuit...