Everlight to Acquire Second European Luminaire Manufacturer

LED package manufacturer Everlight has been actively developing their LED lighting brand, according to the Economic Daily News. The company merged with Germany luminaire manufacturer WOFI for less than NT $400 million (US $13.3 million) last year, which adds an extra NT $100 million to its monthly revenues. Everlight has recently announced plans to acquire another European luminaire manufacturer this year to continue expanding the company’s market presence. 

LED lighting clients all have specific manufacturers that they work with in different regions, said Everlight. Additionally, clients are more dispersed. Companies therefore must have distribution channels to be able to enter the lighting market. Everlight’s main goal is to establishi distribution channels in China. 

In addition to expanding their LED luminaire market presence, Everlight is also crossing over into automotive electronics. The company has already received orders from three large Japanese and European automotive manufacturers. Shipments are anticipated to begin in the third quarter. 

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

DURHAM, NC – November 12, 2024 –– Cree LED, a Penguin Solutions brand (Nasdaq: PENG), today announced the launch of its new CV28D LEDs with FusionBeam™ Technology, a groundbreaking advancement for the LED signage market... READ MORE

The new IR:6 thin-film infrared LED chip technology is available in 850nm, 940nm and new 920nm wavelength options First IR:6-based products are the OSLON® P1616 and OSLON® Black series, giving customers a drop-in replacement that o... READ MORE