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Legrand, North America, West Hartford, Conn., is taking a plunge into architectural lighting with a definitive agreement to acquire Pinnacle Architectural Lighting, a Denver-based manufacturer of lighting fixtures and architectural systems for commercial, educational and healthcare applications. Terms of the deal were not disclosed.
Pinnacle Architectural Lighting has 230 employees and reports annual sales of around $105 million, of which 95% in the United States.
Between its Pass & Seymour and WattStopper brands, Legrand has a significant presence in lighting control for non-residential buildings and some lighting in segments related to the electrical infrastructure such as hallway lighting and emergency lighting. The addition of Pinnacle’s products and expertise will expand Legrand’s lighting and building control capabilities, establishing it as a major provider of architectural lighting in North America.
Legrand said the architectural lighting and control market continues to grow as digital technology transforms product offerings, while lighting designers and specifiers drive demand for more innovative and contemporary lighting solutions. Pinnacle’s product line added to Legrand’s technologies and capabilities in controls, networking, design, and user experience will foster more differentiated lighting products that are architecturally designed and meet stringent code requirements, the company said.
“Pinnacle was built on a foundation of providing creative lighting products and excellent service for the architectural lighting community,” said Michael Moore, president of Pinnacle Architectural Lighting, Inc. “With the acquisition by Legrand, we can accelerate growth by leveraging their global reach, infrastructure, and technology to bring new architectural lighting solutions to our customers.”
“With the acquisition of Pinnacle, Legrand expands its ability to bring innovative, attractive, and solution-oriented products that meet customer’s evolving needs,” said John Selldorff, CEO, Legrand, North & Central America. “Pinnacle’s attention to design and service, customer focus, and technology innovation align perfectly with Legrand’s strategic market approach.”
Legrand and Pinnacle expect to complete the transaction within the next two months, upon fulfilment of closing conditions, including receipt of regulatory approvals.
