Power management company Eaton announced its plan to spin off its lighting business to create an independent, publicly traded company by the end of 2019. The lighting business of Eaton covers a wide range of products and systems to maximize energy efficiency which records sales of US$ 1.7 billion in 2018. Eaton’s lighting business provides services to customers in commercial, industrial, residential and municipal market. The spin-off will include Eaton’s global airport lighting business and Mains lighting. According to Eaton, Goldman Sachs will be Eaton&rsq...

Facing a severe operation crisis Korean conglomerate Samsung Electronic is considering to take the advice of hedge fund management firm Elliott Management Corporation to spin-off into two independent legal entities, The Seoul Economic Daily cited sources familiar with the matter.

Cree, a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (“Wolfspeed”), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG for $850 million in cash. 

Philips confirmed on Tuesday it will be spinning off its Philips Lighting through Initial Public Offering (IPO), reported Reuters.

KKR & Co. and CVC Capital Partners are nearing an agreement to buy Philips Lumileds, lighting components unit, a Bloomberg report cited a source saying.

Today, Siemens formally spins off OSRAM Licht AG and lists it in Germany. Analysts believe that Osram will be provided with more adequate funds and a more flexible organizational structure to grasp the rapidly growing opportunities of the global LED lighting after the spin-off. It is expected that OSRAM will increase the intensity to extend the Chinese LED lighting market. As one of the global lighting giants, Osram was originally a wholly owned subsidiary of Siemens. In November of 2012, Siemens planned to spin-off 80.5% of OSRAM's shares to share...