Revolution Lighting makes LED acquisition
Stamford, Conn.-based Revolution Lighting Technologies, an LED lighting technology company, announced it has acquired a portfolio of general illumination LED lighting products, including several product lines from CMG Energy Solutions.
Under the terms of the agreement, Revolution Lighting acquired CMG’s Energy Star-listed architectural, PAR lamps and spotlights for indoor commercial applications. CMG’s LED products will be rebranded under Seesmart, Revolution Lighting’s brand for indoor LED applications.
Financial terms of the transaction were not disclosed.
“In acquiring this portfolio of CMG’s Energy Star applications, we are adding a set of highly complementary and unique products to broaden our existing offering and increase revenues,” said Charlie Schafer, president and CFO of Revolution Lighting Technologies. “Combining these product lines with our existing leading indoor presence will drive new market penetration, increase our competitiveness for indoor commercial opportunities, strengthen our distri