Schneider Electric to Buy Juno Lighting

Today, Schneider Electric announced it will buy Juno Lighting for approximately $610M ($410M of cash, $200M of debt). While it is not clear that Juno itself is a Clean Technology company, from the advanced material panel at the Cleantech Venture Forum and Rob’s excellent write up of it (referenced in today’s previous post, but here it is again), we know that lighting represents 20% of total energy consumption in the US. As such, this transaction provides a good comparable for Clean Technology lighting companies. The acquisition price represents roughly a 2.5x sales multiple, which should be considered pretty decent for a Cleantech transaction.