The 2020 Mid-Year Economic Update_long

Cooper Industries Buys IMS

Cooper Industries, Houston, TX, has acquired Irvine, CA-based Illumination Management Solutions, Inc., a manufacturer of specialized optics and system design for light-emitting diode (LED) fixtures. Terms of the transaction were not disclosed.
 
The acquisition of IMS demonstrates Cooper's ongoing strategic commitment to become a market leader in energy-efficient solid state lighting solutions, said Cooper Industries' CEO Kirk S. Hachigian. "The acquisition of IMS and the talent it brings into our organization strongly complements our technology investments by adding enhanced capabilities in LED-systems and optical design."
 
IMS designs and manufactures LED systems and fixtures for a variety of lighting applications in roadway ...

Cooper Industries, Houston, TX, has acquired Irvine, CA-based Illumination Management Solutions, Inc., a manufacturer of specialized optics and system design for light-emitting diode (LED) fixtures. Terms of the transaction were not disclosed.
 
The acquisition of IMS demonstrates Cooper’s ongoing strategic commitment to become a market leader in energy-efficient solid state lighting solutions, said Cooper Industries’ CEO Kirk S. Hachigian. “The acquisition of IMS and the talent it brings into our organization strongly complements our technology investments by adding enhanced capabilities in LED-systems and optical design.”
 
IMS designs and manufactures LED systems and fixtures for a variety of lighting applications in roadway and infrastructure lighting as well as safety applications in oil and gas, emergency lighting and other industrial applications.
 
Cooper Industries, Ltd. is a global manufacturer with 2008 revenues of $6.5 billion, with about 88% from electrical products.

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