Signify completed the acquisition of Cooper Lighting Solutions from Eaton for $1.4bn.

Signify, a provider of lighting for professionals and consumers and lighting for the Internet of Things, completed the acquisition of Cooper Lighting Solutions, a provider of professional lighting, lighting controls, and connected lighting, from Eaton, an American multinational power management company, for $1.4bn. "Today’s announcement confirms the strategic importance of the North American market for Signify. This acquisition will substantially strengthen our position in this attractive market. We look forward to welcoming the team from Cooper Lighting. They have built a high-performance company based on professionalism, truly innovative offers and a long and strong relationship with their customers. We share a genuine passion and single focus for Lighting and a successful track record in innovation. We will join forces to further develop connected lighting and provide our customers with the highest level of service while optimizing operational efficiencies," Eric Rondolat, Signify CEO.