Chinese Investor to Acquire Lighting Company Bridgelux

24 July, 2015—Solid-state lighting (SSL) technology developer and manufacturer Bridgelux (Livermore, Calif., USA) announced this week that it has signed a definitive agreement to be acquired by investors led by China Electronics Corporation (CEC) and ChongQing Linkong Development Investment Company.  The announcement did not include financial details.

Bridgelux will remain a stand-alone company and will continue serving customers and existing product lines, including following its next-generation roadmap. Bridgelux also plans to spin off its smart lighting business to create a new company called Xenio that will focus on light-emitting diode (LED) module design and manufacturing for the Internet of Things. Xenio will integrate LEDs with power, sensor, control and communication components to deliver dimmable, tunable sensor networks.

Bridgelux CEO Brad Bullington, stated that the acquisition, expected to close around the end of August, will offer an expanded technology footprint and a larger global supply chain.