U.S. enterprises 385 million U.S. dollars to buy Schneider subsidiary Juno

In October 29, 2015, the American Acuity Brands company announced that the company has reached an agreement to acquire Juno Lighting LLC ("Juno Lighting Group") all equity, Juno Schneider Electric subsidiary, to provide services for customers throughout North america.

The terms of the agreement reflect the total transaction price of approximately $385 million, the management expects the acquisition will be completed in 2015. Juno lighting company in 2005 by Square D (Schneider, France, a division of the company) to $410 million in cash and $200 million in debt acquisition, a total of $610 million. Now ten years later, was Acuity Brands to $385 million acquisition, according to informed sources said that after the acquisition of Schneider, Juno turnover in the past ten years basically step by step.

In 2005, Juno had approximately 1000 employees, with a total sales of $2004 for the fiscal year of $242 million and a profit of $16 million 200 thousand. Today, Juno's current annual turnover is about $250 million. The company provides lighting facilities for commercial buildings, public facilities and residential buildings, as well as display lighting equipment, fiber optic lighting products and emergency and exit lighting signs.

Acuity Brands 2015 net sales of $2 billion 700 million, about 8000 employees, headquartered in Atlanta, georgia. October 29th, Schneider electric released three quarter results, the three quarter revenue of $6 billion 594 million, an overall increase of 4.9%, organic growth (Organic Growth) -1.1%. Schneider electric CEO Jean-Pascal Tricoire said: "the three quarter of the new economy in Western Europe and China outside the country to maintain a steady growth, but poor performance in the Chinese market," said. In the United States by the impact of the deterioration of the market environment, in addition to the construction of the market, especially in the field of oil and gas and IT, performance has declined. In addition, Schneider in the service sector has been a larger growth, the next will continue to work hard to adjust the cost budget. "

The acquisition of Juno Acuity, Schneider let go, give up lighting, it seems to escape the field of LED lighting another international electrician.

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