GE Lighting acquiring Albeo Technologies
GE Lighting has signed an agreement to acquire Boulder, Colorado-based Albeo Technologies, Inc., a privately held LED fixture manufacturer.
“The addition of Albeo Technologies' immensely talented team and its award-winning LED fixture portfolio enhances GE Lighting's ability to serve as a trusted advisor to enterprise customers around the world,” says Maryrose Sylvester, president and CEO, GE Lighting. “This acquisition is a big boost for GE customers moving aggressively toward an all-LED building envelope in new construction and retrofits, including retail, commercial and industrial high bay applications.”
“Today's news is significant for what it enables customers to do with lighting,” says Jeff Bisberg, Albeo Technologies' co-founder and CEO. “Joining GE vastly expands the universe of customers with access to our breakthrough LED solutions and it profoundly empowers our research and product development capability.”
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