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.
Location
Tennessee, United States
Transaction Type
Buyout

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