MUNICH--(BUSINESS WIRE)--Osram has agreed to acquire U.S.-based LED Engin Inc. in San Jose, California. The company has approximately 30 employees and annual sales of around USD 10 million. LED Engin specializes in ultra-bright, ultra-compact solid state lighting solutions for variety of specialty markets including entertainment lighting, ultraviolet, horticulture, tunable white and medical lighting applications. Its products mainly incorporate LED chips from Osram Opto Semiconductors. “LED Engin opens up new opportunities for us to offer our customers tailored specialty lighting solutions. LED Engin products are suitable for a variety of specialty applications, making them an ideal addition to our portfolio,” said Hans-Joachim Schwabe, CEO of Osram’s Specialty Lighting (SP) business unit.
“We are excited to join Osram and look forward to expanding our product portfolio and customer reach while continuing to serve our existing valued customers with additional resources”

Read more: http://www.edisonreport.net/lighting-industry-news/osram-acquires-led-engin/

Western Norway Gets Connected LED Street Lighting from Philips Lighting for ‘Smart City’ Initiative

Philips Lighting announced that 11 municipalities in southern Rogaland in Western Norway will be transformed into smart municipalities over the next two years. Over 18,000 connected Philips LED street lights will be installed and controlled remotely using the Philips CityTouch lighting management system. The combination of LED luminaires and remote monitoring and control will transform the management of lighting across the municipalities, enabling energy and operational savings.

Read more: http://www.ledinside.com/press/2017/6/western_norway_gets_connected_led_street_lighting_from_philips_lighting_
for_smart_city_initiative

Thomas Edison may not think this is a bright idea: General Electric is trying to rid itself of the light bulb business that has symbolized the company for 125 years. GE, a conglomerate cofounded by Edison, told employees on Thursday it has put the iconic lighting business up for sale. The storied company cited a desire to "focus on its core digital industrial assets" and streamline a portfolio that today is centered on things like jet engines and health care equipment.

Read More: http://money.cnn.com/2017/06/09/investing/ge-selling-lighting-business/index.html