Mondoluce News

Cree Acquires Ruud Lighting, Inc. to Accelerate the LED Lighting Revolution

Please Note: We apologize for the spelling error in the heading of our EDM 'A Light Read' it should read Ruud Lighting. Please click here to view the amended version.

Cree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced the acquisition of Ruud Lighting, Inc., a leader in LED outdoor lighting, at an estimated net cost of approximately $525 million. Combining two highly complementary LED innovators, the acquisition allows Cree to extend its leadership position and increase the adoption of energy-efficient LED lighting. The companies’ shared focus on best-in-class LED-based systems has led to thousands of LED lighting installations over the past several years.

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