(USA) – Eaton’s spin-off lighting business will include brands such as Zero 88, iLight and Greengate, alongside the manufacturer’s Airport Lighting business.
Eaton has announced its intent to pursue a spin-off of its lighting business, creating an independent, publicly traded company.
Included in the spin-off are UK brands Zero 88, iLight and Greengate, alongside Eaton’s global Airport Lighting business and Mains Lighting and Intrusion Systems operations, which primarily operate out of Europe and the Middle East.
The Crouse-Hinds Industrial Lighting business and Life Safety Division’s Emergency Lighting product lines in Europe, the Middle East and Africa will remain with Eaton.
Simon Sparrow, Managing Director of Eaton Lighting Systems, said: “We are excited about this announcement for several reasons. It better positions the lighting business to respond to evolving industry and customer needs, it enables lighting to compete more effectively across its diverse end-markets, and it enhances Eaton’s ability to focus investments in its core business.
“Over the next few months, Eaton will be working to finalise the spin-off and ensure a seamless transition for employees, customers and valued business partners. In the meantime, however, it’s business as usual.”
Eaton’s lighting division is one of the largest global lighting businesses, with more than 5,000 employees, and sales of £1.7 billion in 2018.