Signify to acquire U.S. firm Cooper Lighting for $1.4 bn to boost its North America presence

NETHERLANDS – Dutch-based lighting company Signify has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp. for $1.4 billion in cash to boost its presence in North America. The acquisition is the largest by Signify, the world’s largest lighting maker that was formerly known as Philips Lighting, since it was spun off from Philips in 2016. Signify shares rose 4.6% to 25.00 euros in early trading in Amsterdam after the company revealed that the deal would add to earnings per share in the first year and lead to…

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