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Revolution Lighting Technologies Inc Acquires Relume Technologies


Monday, 12 Aug 2013 08:30am EDT 

Revolution Lighting Technologies Inc announced it has entered into a definitive agreement to acquire Relume Technologies (Relume), a manufacturer of outdoor LED products and smart grid control systems for outdoor lighting applications. Under the terms of the agreement, Revolution Lighting will pay a total purchase price of $15 million for the Relume business on a debt-free basis and with a minimal level of working capital. Approximately $5 million of the purchase price will be paid in cash with the remaining value of $10 million paid in Revolution Lighting common stock. 

Company Quote

1.75
-0.07 -3.85%
4:00pm EDT