Acuity on the Move to SSL
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Acuity brands has acquired Renaissance Lighting, taking over all remaining shares, products and intellectual property. In addition, Acuity has made separate agreements to acquire intellectual property that was exclusively licensed to Renaissance Lighting.
In a separate release, Acuity is also creating a separate group to pursue OLED product development.
With the ongoing efforts of Acuity, Cooper, Hubbell, and now Philips through acquisition of Genlyte, as well as the ongoing efforts of GE and Osram, we have certainly turned the corner on LED integration amongst the large brand entities. LEDs and SSL have finally become part of the mainstream lighting market, from the very top players, to the smallest of independents.
KLW
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