Eaton has announced its intent to pursue a spin-off of its lighting business, which makes LED lighting and controls, into an independent, publicly traded company. Included in the spin-off are brands such as Zero 88, iLight and Greengate, plus Eaton’s global Airport Lighting business and Mains Lighting and Intrusion Systems operations.
The Crouse-Hinds Industrial Lighting business and Life Safety Division’s Emergency Lighting product lines in Europe, the Middle East and Africa will remain with Eaton.
Simon Sparrow, Managing Director of Eaton Lighting Systems, said the move would better position the lighting business to respond to evolving industry and customer needs. “It enables lighting to compete more effectively across its diverse end-markets, and it enhances Eaton’s ability to focus investments in its core business,” he said.
Eaton’s lighting division is one of the largest global lighting businesses, with more than 5,000 employees and sales of about $1.7 billion in 2018. The Eaton group as a whole, which makes a wide array of products ranging from filters for oil and gas industries to components for the aerospace sector, reported total sales of $21.6 billion last year.