Osram buys controls company

Osram has bought the building control and energy management company Encelium for an undisclosed sum.

The move will be seen as another tentative move by the German lamps giant towards vertical integration.

Osram already held a minority stake in the 10-year-old American company but the outright purchase gives Osram full access to Encelium’s intellectual property.  Encelium CEOTony Marano told the press: ‘With the Osram brand and resources behind us, we are now embarking on the next chapter – one that surely will include increased adoption of Encelium lighting controls in the commercial marketplace.’

OLEDs fall short

Lux Research looks at applications for OLED lighting, showing the market will total £35m by 2020

Eaton buys Cooper in £7.3 billion megadeal

US electrical behemoth Eaton Corporation has bought Cooper Industries, including Cooper Lighting and Safety, for £7.3 billion.