Lumenpulse acquires Ariane Controls
Lumenpulse Inc (TSX: LMP) has bought all of the shares of Ariane Controls Inc, a provider of narrowband powerline communication technology with headquarters in Québec City. The financial terms of the deal were not disclosed. Based in Montréal, Lumenpulse is a manufacturer of high performance and sustainable LED lighting solutions. It said the acquisition will add to its portfolio of proprietary technologies. Last year, Lumenpulse went public, raising $100 million in proceeds. It continues to be backed by Canadian venture capital firm XPND Capital and other investors.
9 February 2015•2 mins read
