Source: The Deal
A team of Pillsbury lawyers represented Delta Electronics, Inc., a global provider of power and thermal management solutions, in its acquisition of Amerlux, LLC, a U.S.-based LED architectural lighting solutions company, for $90 million. The transaction is expected to close during the second quarter of 2019.
According to the companies, the proposed acquisition is expected to benefit customers with a broader portfolio of Delta IoT-enabled smart green solutions for sustainable buildings and cities, which already includes building automation, energy management, commercial and industrial LED lighting, surveillance, and indoor environmental quality systems.
"As a world-class corporate citizen committed to enabling energy conservation and lower carbon emissions for mankind, Delta continues to broaden its solutions portfolio to improve the energy efficiency, security and comfort of buildings and cities,” said Delta’s CEO Ping Cheng. “Lighting is an integral focus for Delta because, in the IoT era, it is an ample source of crucial data for the optimization of smart automation systems. Amerlux has a strong reputation in the field of architectural LED lighting, which we believe will enhance Delta's profile as a total solutions provider."
The Pillsbury team was led by partners Steve Amdur in New York and Christina Pearson in Silicon Valley, and included partners Nora Burke, Sarah Gajkowski, Peter Hunt, Alex Lathrop and David Tsai; special counsel Reza Zarghamee; counsel Doug Pyle; senior associate Julie Park; and associates Narges Aminolsharei, Ben Asch and Hannah Hollingsworth.