2013-07-02
Orion Energy Systems, Inc., a leading power technology enterprise, announced yesterday that it has completed the acquisition of Harris Manufacturing, Inc. and Harris LED, LLC. Harris Manufacturing and Harris LED had specialized in designing, sourcing and manufacturing energy-efficient lighting systems including fluorescent and LED lighting solutions, and day-lighting products.
The purchase price of the transaction was $10 million, subject to post-closing adjustments for net working capital. The purchase price was paid through a combination of $5 million in cash, $...
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