EcoSense Lighting Acquires Journee Lighting
Bold acquisition by EcoSense expands its reach into adjacent markets
Bold acquisition by EcoSense expands its reach into adjacent markets
LOS ANGELES, Dec. 8, 2015 /PRNewswire/ -- EcoSense®, a fast-growing LED technology company, announced today that it has acquired the assets of Journée Lighting. Journée Lighting is a privately owned, CA-based lighting company that specializes in the design and development of specification grade lighting.
EcoSense and Journée both share similar product development and innovation philosophies, which led to a natural fit between the two companies. Founded in 2005 by serial entrepreneur Clayton Alexander, Journée has become known for its many innovations in LED technology, including significant patents ranging from component-level to system-level solutions. This acquisition allows EcoSense to enter the downlight and track lighting market and leverage Journée's IP for future product development efforts.
"Journée's specifier-grade product portfolio is a great complement to our brand," said Mark Reynoso, CEO of EcoSense Lighting. "Further, their significant IP portfolio will enable us to expand our product offering in interesting ways."
"We are thrilled to partner with EcoSense and leverage their key strengths, including new technology development, manufacturing efficiencies and global sales expertise," says Clayton Alexander, CEO of Journée Lighting.
You can find more information about the acquisition and detailed product explanations at www.ecosenselighting.com
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SOURCE EcoSense
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