Manufacturers

Solais Electric acquired by PowerSecure International

Solais Lighting, Inc., a manufacturer
of specification-grade LED fixtures and lamps featuring exclusive
Luxiance thermal management and unique OPTICS2 technology, is announcing
its acquisition by PowerSecure International, Inc., a leading provider of
utility and energy technologies to electric utilities and their industrial,
institutional, and commercial customers. 
The acquisition strengthens and complements PowerSecure’s existing LED
business with Solais’ demonstrated strengths in innovation, product design,
manufacturing, marketing, and sales.

“We’re excited
to combine the recognized strength and tremendous reputation of
PowerSecure with Solais’ powerful brand and demonstrated expertise in the LED
arena to accelerate our mutual growth in the marketplace, deliver exceptional
value, and better serve our sales representatives, distributor partners, and
end users,” said James Leahy, chief executive officer of Solais.  “This
acquisition will significantly expand opportunities for the market to enjoy the
benefits of our cutting-edge, maximum-performing, and highly-efficient
technology.”

 

“The expertise
that James and the accomplished Solais leadership team have demonstrated in
developing best-in-class innovative technology, in parallel with some of the
most effective sourcing, procurement, and manufacturing in the industry, will
provide us with catalysts to accelerate the growth and profitability of our LED
lighting business,” said Sidney Hinton, chief executive officer of
PowerSecure. 

 

As part of the
acquisition, Solais Lighting will continue to market under its existing brand
name and sales channels to serve its retail, commercial, museum, and
hospitality end-users with the lighting industry’s highest-performing LED
fixtures and lamps.

 

 

Tagged with

Comment on the story

Your email address will not be published.