Irish LED specialist Nualight buys Dutch LED specialist

Retrofits of refrigerated food cases in grocery stores were some of the early applications for LED lighting because LEDs operate fine in cold temperatures, unlike some traditional lighting technologies. It's very much a global market opportunity, as you will seen in this post at www.siliconrepublic.com, which says Irish lighting specialist Nualight, has acquired Lumoluce, a Dutch LED lighting technology firm, for just under €11m (approximately $15 million). www.siliconrepublic.com says the acquisition of Lumoluce is expected to bring Nualight's revenues to just over €25m for 2011 (approximately $34 million).