GELcore buys Ecolux

17 Jun 2002

GELcore (a joint venture of General Electric Company and EMCORE) has agreed to buy substantially all of the assets of Ecolux, a leading global LED Signal manufacturer based in Montreal, Quebec, Canada. Upon completion of the transaction, Ecolux's business will be operated by GELcore and its affiliates.

Ecolux is recognized as a world leader in the LED industry, offering the largest range of high-performance LED traffic control signal modules. It has built a reputation as an innovator with advanced technology solutions including Diolux LED modules. These LED signal products offer tremendous return on investment to end users through energy savings and reduced maintenance costs..

"By acquiring Ecolux, we instantly expand the breadth of our offering in the traffic, rail, and transit signaling categories", said Michael B. Petras Jr., President and CEO of GELcore. Their eight years of LED integration and application experience, coupled with established distribution networks in key segments have positioned Ecolux as a product leader. This development is the perfect complement for our ongoing plan to be a leading global LED systems provider." .

Claude Demers, President of Ecolux Inc. said: "We are pleased to become part of the GELcore team, and join forces with a LED technology leader with strong marketing, and global sales networks. Teaming up with GELcore affords Ecolux the opportunity to drive sales growth to a higher level. Exciting opportunities are ahead."