Irish LED specialist Nualight buys Dutch LED specialist
Retrofits of refrigerated food cases in grocery stores were some of the early applications for LED lighting because LEDs operate fine in cold temperatures, unlike some traditional lighting technologies. It's very much a global market opportunity, as you will seen in this post at www.siliconrepublic.com, which says Irish lighting specialist Nualight, has acquired Lumoluce, a Dutch LED lighting technology firm, for just under €11m (approximately $15 million). www.siliconrepublic.com says the acquisition of Lumoluce is expected to bring Nualight's revenues to just over €25m for 2011 (approximately $34 million).
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.