For this M&A activity, Tian Bosheng, a researcher in the optoelectronics industry of China Investment Consulting, pointed out that Albeo will bring GE's core technology in LED lamp manufacturing and provide important support for R&D system upgrade and upgrade. GE's product quality in LED field will be improved. The market share is expected to increase further.
Maryrose Sylvester, President and CEO of GE Lighting, said: "This acquisition will greatly assist GE customers in the LED project, including new construction and renovation projects in retail, commercial and industrial applications."
It is understood that GE's professional solutions business now provides customers in the commercial, industrial and municipal construction industries with a range of advanced lighting solutions and LED systems for architectural, indoor, outdoor, signage, retail and transportation applications.
Albeo's LED systems include high and low ceiling luminaires, straight luminaires, surface mount and cabinet bottom luminaires, which are widely used in commercial, warehouse, industrial, cold storage, offices, data centers, food processing, parking lots, schools. , sports facilities and other places.
Jeff Bisberg, co-founder and CEO of Albeo Technologies, said, "Joining GE will enable more customers to access our technology-leading LED lighting solutions and give us greater research and product development capabilities."
GE said that the acquisition has enhanced its ability to provide customers with more complete and complementary LED solutions. It is reported that Albeo technology products will be sold in its original distribution channels and current GE's global distribution network.
Tian Bosheng said that the lighting industry has entered a structural adjustment period, and the elimination of excess capacity and backward production capacity needs to be carried out urgently. Lighting technology and lighting products need to be updated, and industry specifications still need to be strict. It is not uncommon for lighting giants to improve their core competitiveness by optimizing internal structure. Some enterprises have taken mergers and acquisitions to seize market share. This will not only drive the rapid development of enterprises, but also effectively promote the upgrading of lighting industry.
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