Atar Capital Acquires Universal Lighting Technologies and Douglas Lighting Controls from Panasonic Corporation
March 17, 2021
Atar Capital has completed the acquisition of Universal Lighting Technologies and Douglas Lighting Controls from Panasonic Corporation and will combine the businesses under the name Universal Douglas Lighting Americas, Inc. The transaction brings together LED lighting manufacturing and advanced lighting control capabilities to create an integrated commercial lighting platform focused on connected lighting and IoT-enabled solutions; financial terms were not disclosed.
- Buyers
- Atar Capital
- Targets
- Universal Lighting Technologies, Douglas Lighting Controls
- Sellers
- Panasonic Corporation
- Platforms
- Universal Douglas Lighting Americas, Inc.
- Industry
- Building Products
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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