Emergi-Lite and Lightalarms are among the brands slated to spin off in 2023.
Swiss-based ABB, the company formerly known as ASEA Brown Boveri, announced yesterday that it will be shedding its emergency lighting business. ABB is a technology leader in electrification and automation and globally, ABB generated over $29 billion in sales during 2022, while the global emergency business produced $160 million.
When ABB acquired Thomas & Betts in 2012, the company inherited a comprehensive portfolio of emergency lighting brands throughout the world. Today, the ABB emergency lighting solutions include U.S. brands like Emergi-Lite and Lightalarms as well as Canadian brands like Lumacell and Ready-Lite. The Emergi-Lite brand goes to market in other regions including Canada, United Kingdom, Middle East and Asia while VanLien, Kaufel and ABB-branded emergency lighting products are sold throughout other parts of Europe.
As part of its full-year 2022 and fourth quarter earnings announcement yesterday, ABB announced its decision to initiate the exit of the emergency lighting business within the Smart Buildings division in the Electrification business area during 2023. The company also reported revenues $29.4 billion, a comparable sales increase of 12% versus 2021.