GE Lighting of Cleveland, OH, USA has agreed to acquire Albeo Technologies Inc of Boulder, CO, a privately held LED fixture manufacturer established in 2004.
"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," reckons GE Lighting's president & CEO Maryrose Sylvester. "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."
GE offers commercial, industrial and municipal customers a range of legacy lighting solutions and LED systems for architectural, indoor, outdoor, signage, retail and transportation applications.
Albeo's LED systems — high-bay, low-bay, linear, surface mount and under cabinet fixtures — are used in commercial, warehouse, industrial, cold-storage, office, data-center, food processing, parking garage, school, sporting and correctional settings. Its solutions have helped to illuminate a range of 'all-LED' facilities, including one of the world's 10 largest data centers. Albeo's products have been recognized with 16 independently judged awards, including six from the US Department of Energy.
"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," says Albeo's co-founder & CEO Jeff Bisberg.
GE says that, through the acquisition, it accelerates its ability to offer customers a more complete and integrated LED solution. "Some of our biggest customers told us they wanted a GE-quality solution for high bay," notes Sylvester. "This acquisition accelerates our development of cutting-edge technologies that brings customers the energy-efficient solutions they need. That's what customers get at the end of the day—a refined, highly modular and scalable platform."
Albeo Technologies' products are available through existing distribution channels and now through GE's global distribution network.
