1st March Eaton announced its intent to pursue a spin-off of our Lighting business, creating an independent, publicly traded company. We expect this transaction to be completed by the end of this year. Included in the spin-off are Eaton’s Lighting business (our UK brands: Zero 88, iLight, Greengate are part of the Lighting Division), our global Airport Lighting business, and our Mains Lighting and Intrusion Systems businesses that operate primarily in Europe and the Middle East. 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. The Lighting business had sales of $1.7 billion in 2018 and employs over 5,000 people and will be one of the largest global lighting businesses.

We are excited about this announcement for several reasons. It better positions 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 businesses.

Over the next few months, we will be working to finalize the spin-off and ensure a seamless transition for our employees, customers and valued business partners. In the meantime, however, it’s business as usual. Zero 88 continues to focus on developing the entertainment market bringing innovative, affordable and intuitive lighting control products as we have done for more than 45 years. Please rest assured that we will communicate with you about any changes occurring in the future that are important to you.

I hope you will join us in our excitement over this news and our enthusiasm for the future of Eaton and the Lighting business. Please contact your sales representative with any questions you have about this announcement or our ongoing business relationship.

Link to Eaton’s press release is contained here