Cooper Industries Announces the Acquisition of Fifth Light Technology, Ltd.

Published on Tuesday, 07 February 2012 08:15 Written by TradersHuddle Staff

Industry-leading provider of lighting controls solutions to manage energy consumption

DUBLIN, Ireland, Feb. 7, 2012 /PRNewswire/ -- Cooper Industries plc (NYSE: CBE), a global provider of electrical solutions, today announced the acquisition of Fifth Light Technology, Ltd. ("Fifth Light"). Fifth Light is a privately owned company based in Oakville, Canada that specializes in the design, sale and implementation of digitally addressable lighting interface (DALI) solutions and a suite of centralized building management software applications. This portfolio of solutions enables facility management to measure and control energy consumption across individual fixtures, as well as provide for the integration and control of other building management systems across multiple applications. Over the past several years, Fifth Light has installed over 100,000 control devices in premier locations across North America, saving customers significant energy usage associated with their lighting systems.  Terms of the acquisition were not disclosed.

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Fifth Light will become part of the Cooper Controls business unit within Cooper Lighting, an industry leader committed to delivering innovative products and driving transformational technology in the lighting industry. With this acquisition, Cooper Controls expands its portfolio of energy management solutions by combining its broad hardware portfolio with Fifth Light's industry-leading software capabilities. This is Cooper Lighting's fifth controls-related acquisition, which will now broaden the company's ability to provide a wide range of indoor and outdoor LED lighting products as well as an array of sophisticated controls solutions in both the domestic and international markets.

"Cooper is committed to delivering the leading energy efficiency products and solutions to our customers both domestically and globally," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian. "The acquisition of Fifth Light expands our ability to integrate controls solutions with solid state lighting technologies, enabling our customers to significantly reduce their energy consumption while also improving the light quality of their facility."

About Cooper Industries

Cooper Industries plc (NYSE: CBE) is a global electrical products manufacturer with 2011 revenues of $5.4 billion.  Founded in 1833 Cooper's sustained success is attributable to a constant focus on innovation and evolving business practices, while maintaining the highest ethical standards and meeting customer needs.  The Company has seven operating divisions with leading market positions and world-class products and brands, including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.  With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety.  In 2011 fifty-nine percent of total sales were to customers in the industrial and utility end-markets and forty percent of total sales were to customers outside the United States.  Cooper has manufacturing facilities in 24 countries as of 2011.  For more information, visit the website at www.cooperindustries.com.

About Cooper Lighting

Cooper Lighting, a subsidiary of Cooper Industries plc (NYSE: CBE), is the leading provider of innovative, high quality interior and exterior lighting fixtures and related products to worldwide commercial, industrial, retail, institutional, residential and utility markets. As lighting technologies have advanced over the years, Cooper Lighting has been at the forefront of the industry in helping businesses and communities leverage the latest technologies to improve efficiency, reduce costs and enrich the quality of the environment. For more information, visit www.cooperlighting.com.

About Cooper Controls

Cooper Controls, a business unit of Cooper Lighting, is a market leader in energy management, architectural, and entertainment lighting controls. A subsidiary of global manufacturer Cooper Industries plc (NYSE: CBE), it was formed by its acquisition of Novitas Inc. in November 2005, Polaron plc in March 2007, PCI Lighting Control Systems in August 2007, and ALC Lighting Controls in November 2010.  Cooper Controls includes leading brands such as iLight (International), iLumin (North America), Greengate, and Zero 88. For more information, visit www.coopercontrol.com.

SOURCE Cooper Industries plc