By Anthony Capkun
April 8, 2013 – Singapore holding company Luma Investments Ltd. and Luxim Corp. of California—a player in light emitting plasma (LEP) products and solutions—announced a definitive merger agreement, aiming to create a “lighting industry leader in high-power, energy-efficient lighting solutions”.
“The merger combines two companies with strong technologies in high-output, energy-efficient, long-life lighting, both with excellent management teams,” said Gareth Chang, Luma chair. “The combination of Luxim with Luma’s JK Yaming unit will drive substantial commercial and operating synergies.”
“We are very excited to join the Luma family,” said Luxim CEO Tony McGettigan. “The merger brings scale and global reach to our LEP products. The new organization will help us better serve our existing customers and accelerate the adoption of LEP in mission-critical applications worldwide.”
“The combination of LEP and induction lighting offers unique solutions to lighting customers with demanding applications,” said Luma CEO Jim Gosart. “Our technologies are strongest where traditional and LED lighting may not fully address customer needs.”