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.
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Salex Welcomes New Partner: Senso by Lumini
Salex is pleased to announce a new partnership with Senso by Luminii – a Canadian manufacturer of locally made LED fixtures. As of August 6, Salex will represent their lighting products in the Southwestern Ontario region.
With every product, Senso Lighting pursues a vision of providing flexible and environmentally conscious lighting solutions to upgrade the typical fluorescent office. For over ten years, the Canadian manufacturer has specialized in LED technology and embarks on a mission to illuminate commercial spaces with custom solutions that are beautiful, economical and sustainable.
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Join Schneider Electric live on November 10th for their virtual event as industry leaders discuss market insights and share solutions that will shape the future of energy management and automation.
With the world changing at an unprecedented pace, companies today must respond quickly, responsibly. Discover the best strategies and latest technologies to help you thrive in the new normal.
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BCEA's next Professional Development series will be on 2018 Updates & 2021 Code Changes with Ted Gilbert. Ted Gilbert is a well-known industry expert and a certified Master Electrician with over 30 years as an electrical contractor, electrician, code change instructor and Safety Officer with Technical Safety BC. He is a Senior Instructor with SparkBC Technical Training and currently teaches code change courses across BC.
Ted’s presentation will focus on the new or revised Rules pertaining to safety of personnel and protection of electrical equipment. These Rule changes are found in the BC Electrical Code in Sections 2,4,8,10,12,16,26 and 78.
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The Alberta Electrical Alliance have partnered with Mansfield Technical Services to provide training on the 24th Edition of the Canadian Electrical Code.
The course will cover changes in the Canadian Electrical Code to keep you current with safety standards for the installation and maintenance of electrical equipment.
Participants will learn:
- 2018 Canadian Electrical Code 24th edition
- Over 535 rule changes and 76 table changes
- 69 new or revised special terminology and definition changes
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