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3M, St. Paul, MN, has invested in MSi Lighting, Boca Raton, FL, a company that 3M has been working with for the past year on a line of LED lights for multiple applications. Terms of the transaction were not disclosed.
“We are excited about MSI’s energy efficient LED lighting technology," said Stefan Gabriel, president of 3M's new ventures. "Our investment will enable us to provide better LED lighting options to our customers.”
“The relationship between MSi and 3M is already strong,” said John Burke, president of MSi. “This investment allows us to further share ideas and innovations in LED. With 3M’s range of technologies and expertise in optical science, we are very excited about the future and new ways to serve customers.”