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Revolution Lighting Technologies Acquires Portfolio of LED Products from CMG Energy Solutions
By Business Wire, October 07, 2013, 08:30:00 AM EDT Vote up




Transaction Broadens Product Portfolio and Strengthens Distribution Network

STAMFORD, Conn.--(BUSINESS WIRE)-- Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) ("Revolution Lighting"), a leader in advanced LED lighting technology, today announced it has acquired a portfolio of general illumination LED lighting products, including several product lines from CMG Energy Solutions ("CMG").

Under the terms of the agreement, Revolution Lighting acquired CMG's Energy Star-listed architectural, PAR lamps and spotlights for indoor commercial applications. CMG's LED products will be rebranded under Seesmart, Revolution Lighting's brand for indoor LED applications.

"In acquiring this portfolio of CMG's Energy Star applications, we are adding a set of highly complementary and unique products to broaden our existing offering and increase revenues," said Charlie Schafer, President and Chief Financial Officer of Revolution Lighting Technologies. "Combining these product lines with our existing leading indoor presence will drive new market penetration, increase our competitiveness for indoor commercial opportunities, strengthen our distribution network, and add value to our customers looking for Energy Star rebates."

Financial terms of the transaction were not disclosed.


Read more: http://www.nasdaq.com/press-release/revolution-lighting-technologies-acquires-portfolio-of-led-products-from-cmg-energy-solutions-20131007-00358#ixzz2h2d5GCZd