Is the nascent LED market already going through a consolidation phase?
Lamina Lighting, a seven-year-old LED lighting company, on Tuesday said that it is selling its assets to Lighting Science Group Corporation (LSG), which makes customized LED lighting fixtures.
Lighting Science Group is paying $4.5 million in cash for Lamina's assets, but the total could go up another $10.5 million based on Lamina's sales in 2009. LSG will take out a $20 million line of credit to finance the deal.
Lamina itself has raised at least $16 million, including a round in 2005 and one last … Read more