Signify to Purchase Cooper Lighting from Eaton

LDS 7 CS Signify 400

Oct 16, 2019

Eaton has entered into an agreement to sell its recently named Lighting business, Cooper Lighting, to Signify for a cash purchase price of $1.4 billion. The decision to sell the Lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value.

Eaton’s Lighting business is one of the world’s leading providers of LED lighting and control solutions. Its broad range of innovative products and systems are designed to maximize performance and energy efficiency. The business, which had sales of $1.7 billion in 2018, serves customers in commercial, industrial, residential and municipal markets.

“Today’s announcement is another example of how we are actively managing our portfolio to create value for our shareholders,” said Craig Arnold, Eaton chairman and chief executive officer.

The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2020. Goldman, Sachs & Co. LLC., is acting as financial advisor to Eaton.

Source

Related Articles

Latest Articles

  • CSC LED Enters the Residential Lighting Market

    CSC LED Enters the Residential Lighting Market

    By CSC LED As the residential and multi-dwelling unit (MDU) market continues to evolve, lighting plays an increasingly important role in how people experience their homes. From safety and visibility to comfort, efficiency, and long-term reliability, the demands of residential lighting go far beyond aesthetics. With a strong foundation in commercial and industrial lighting, CSC Read More…

  • Ottawa Day 2026: EFC Members Engage with Parliamentarians on Canada’s Electricity Future

    Ottawa Day 2026: EFC Members Engage with Parliamentarians on Canada’s Electricity Future

    March 16, 2026 By Electro-Federation Canada Following EFC’s recent update on our 2026 Ottawa Day, we are pleased to share photo highlights from two days of engagement on Parliament Hill, where members met with federal decision-makers to discuss the future of Canada’s electricity system. More than 40 EFC member leaders and Government Relations representatives travelled Read More…

  • Industrial Construction Intentions Drive Increase in Non-Residential Sector in January

    Industrial Construction Intentions Drive Increase in Non-Residential Sector in January

    March 13, 2026 In January, the total value of building permits issued in Canada increased $607.0 million (+4.8%) to $13.3 billion. The increase was led by the non-residential sector (+$464.0 million) and supported by the residential sector (+$143.0 million). On a constant dollar basis (2023=100), the total value of building permits issued in January rose 4.3% from the previous month Read More…

  • Multi-Unit Construction Drives Growth in December Residential Construction Investment, 2025 Review

    Multi-Unit Construction Drives Growth in December Residential Construction Investment, 2025 Review

    March 13, 2026 The total value of investment in building construction increased $442.9 million (+1.9%) to $23.7 billion in December. The residential sector grew 2.4%, while the non-residential sector edged up 0.6%. Year over year, investment in building construction grew 12.2% in December. On a constant dollar basis (2023=100), the total value of investment in building construction in December rose 1.7% Read More…

Changing Scene

  • Electric Avenue Launches Incentive Program for EV Charging Installers

    Electric Avenue Launches Incentive Program for EV Charging Installers

    March 23, 2026 Halifax-based EV charging solutions provider Electric Avenue has announced the official launch of its new Contractor Incentive Program, a first-of-its-kind initiative in the EV charging industry, built exclusively for contractors who have completed the company’s Installer Certification course. The program rewards certified installers for every verified and networked installation they complete, offering cash Read More…

  • Ontario Expanding Billy Bishop Airport

    Ontario Expanding Billy Bishop Airport

    March 23, 2026 By expanding capacity at Billy Bishop Airport, the province will help meet future demand in southern Ontario, reduce pressure at Toronto Pearson International Airport, increase competition in the air travel sector to support more routes and cheaper flights, and support the creation of good-paying jobs in Ontario’s aviation, tourism and construction sectors. Read More…

  • EnerQuest to Expand Manufacturing Facility to increase Switchgear Production

    EnerQuest to Expand Manufacturing Facility to increase Switchgear Production

    March 23, 2026 The Ontario government is welcoming an investment of nearly $15.8 million by EnerQuest Technologies Solutions Inc. to expand their manufacturing facility in Harrow, Ontario and reshore the production of switchgears from the United States. Leveraging the province’s skilled workforce, this project will create 125 new good-paying jobs and protect 154 existing positions Read More…

  • Government of Newfoundland and Labrador to Build New School in Conception Bay North

    Government of Newfoundland and Labrador to Build New School in Conception Bay North

    March 23, 2026 The Newfoundland and Labrador Provincial Government’s commitment to build a new school in Conception Bay North. The new school will replace Cabot Academy in Western Bay, which was destroyed by fire in August 2025. Work is currently ongoing to determine the size, specifications, and construction timelines of the new school, which will Read More…