Atar Capital, a Los Angeles-based global private investment firm, recently announced it has completed the acquisition of Universal Lighting Technologies and Douglas Lighting Controls from parent company, Panasonic Corporation.
Universal Lighting Technologies manufactures and markets innovative LED lighting solutions for the commercial market with solutions that range from LED upgrades and retrofits to connected lighting solutions and IoT digital services. Douglas Lighting Controls develops advanced control systems and end-to-end energy-efficient digital lighting control solutions for commercial buildings, campuses and sports complexes. Financial terms of the agreement were not disclosed.
Through the change of ownership, the businesses will be renamed Universal Douglas Lighting Americas, Inc. and will operate as one company to address the needs of the market for a broader and more integrated suite of products and solutions.