Published in: 2011 - A Review of Cleantech Equity Deals, January 2012
Merger and acquisition activity in the LED space during 2011 included the purchase of Ruud by Cree. An interesting feature was the M&A activity by a VC-backed company, Ireland’s Nualight, which targets the niche market for LEDs in supermarkets. Nualight, already something of a success story in the LED space, acquired Lumoluce with funding supplied by its own VC backers.
Elsewhere, VC attention remained on niche LED applications during the year. Bridgelux continued to raise funds, as did Lunera Lighting. And GE focused on the LED space, participating in a fundraising for LED cooling specialist Nuventix, as part of the EcoImagination investment.