Chrysalix-backed Bridgelux to be acquired by China Electronics
Bridgelux, a developer of solid-state lighting technologies, has agreed to be acquired by a group led by China Electronics Corp (CEC) and ChongQing Linkong Development Investment Co. The deal, the value of which was not published, will see Bridgelux operate as a standalone company affiliated with CEC. Bridgelux also plans to spin off its smart lighting platform as a new company, Xenio Corp. Headquartered in Livermore, California, Bridgelux has raised close to US$300 million from investors, according to Thomson Reuters. One of its backers is Canadian venture capital firm Chrysalix Energy Venture Capital.
21 July 2015•4 mins read
