July 11, 2007—Nexxus Lighting, Inc., has signed a non-binding letter of intent to acquire LightWild. The transaction is scheduled to close on or before August 30, 2007, subject to satisfactory completion of a due diligence review, approval of Nexxus’ board of directors, and other customary closing conditions.
Nexxus Lighting is a world leader in advanced lighting technology, including solid-state LED and fiber optic lighting systems and controls used in commercial, architectural, signage, swimming pool and retail lighting. LightWild manufactures software-controlled solid-state LED products for the architectural lighting market. The goal of the acquisition is to accelerate LightWild’s expansion into the architectural lighting market, says the company. LightWild’s nationwide distribution network is expected to further expand Nexxus Lighting’s access to the key specifier community.
Light designers and architects have selected LightWild’s products for projects ranging from hospitality, retail, and health care facilities to large-scale projects such as high-rise buildings and arenas.
LightWild’s strong software engineering focus, extensive lighting controls, and mature technology platform provides a robust architecture for simple to complex lighting applications and is expected to benefit all Nexxus brands. LightWild’s solutions can operate by themselves or in conjunction with other building automation and DMX lighting control solutions for dimming, color control or full-scale entertainment applications.
The plan calls for LightWild to remain at its current location and maintain its brand identity under the Nexxus Lighting corporate umbrella.
For more information, visit the Nexxus Lighting, Inc. Web site.
