2012-06-08

Dialight Acquires Airinet

Dialight has announces that its US subsidiary, Dialight Corporation, has completed the acquisition of the assets of Airinet Inc (“Airinet”), a lighting controls company, for upfront consideration of $2.6m with additional sums payable based on future revenue through to 2020 of up $7.4m. Airinet, headquartered in Pueblo, Colorado, develops next generation lighting control, energy management, and automated network control systems and employs six lighting control engineers. Focused on industrial applications, Airinet has developed leading edge networked management sys...
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