Inside Lighting Magazine recently interviewed Brian Bernstein, CEO, Digital Lumens, Inc. and Ross Ely, Senior Vice President of Portfolio Operations at Skyview Capital. It is great to see the commitment of Skyview to facilitate growth and development for our longtime partners at Encelium through the Digital Lumens team.
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ams Osram has sold Digital Lumens, Inc. to Private Equity Firm, Skyview Capital
We discuss the acquisition with Brian Bernstein, CEO, Digital Lumens, Inc. and Ross Ely, Senior Vice President of Portfolio Operations at Skyview Capital.
Los Angeles private equity firm, Skyview Capital, has purchased Digital Lumens, Inc. from ams Osram. The transaction involves the North American lighting and controls brands Digital Lumens and Encelium. In 2011, Osram fully acquired NJ-based Encelium. In 2017, Osram acquired Boston-based Digital Lumens.
In recent years Osram has undergone major shifts in its business, selling off major pieces of its lighting portfolio while becoming part of ams, a global supplier of high-performance sensor solutions.
The transaction closed on Monday September 20. Terms of the transaction were not disclosed. Our multiple requests for comment to ams Osram were not returned.
Topics we explore:
- Why did Skyview capital buy Digital Lumens & Encelium? (0:58)
- What changes might Digital Lumens and Encelium customers, agents and other stakeholders see going forward? (1:46)
- How will Skyview Capital bring more value to Digital Lumens and Encelium? (3:05)
- How do you keep the company focused amidst all of the speculation and changes? (4:28)
Below is the announcement from Skyview Capital:
Skyview Capital has Acquired Digital Lumens and Encelium Business Units to Accelerate Investment in Growth, Innovation, and Market Adoption
LOS ANGELES – Skyview Capital, a global private investment firm, announced that it has acquired the Digital Lumens and Encelium businesses from Osram Licht AG. Terms were not disclosed.
Digital Lumens and Encelium’s advanced Lighting Controls solutions provide leading-edge software and hardware to improve and automate the lighting of commercial and industrial facilities. Skyview Capital has formalized the new company, Digital Lumens, Inc., and will invest in this entity to accelerate the growth, innovation, adoption, and support of these solutions.
Digital Lumens has emerged as a leader in the Intelligent Lighting, Advanced Lighting Controls, Smart Devices, and Facility Insights space, selling to hundreds of blue-chip customers globally across multiple industrial verticals, including Manufacturing, Warehousing, Food Processing, and Transportation. Digital Lumens’ lighting and SiteWorx software solutions have helped customers improve workplace productivity, safety, and environmental sustainability by metering utilities, monitoring their entire facility, and observing critical areas.
For over 20 years, Encelium’s advanced network lighting controls solutions have been transforming healthcare centers, office buildings, educational institutions, and commercial properties with advanced light management systems. Encelium X, its latest and most advanced system, is simple to install and intuitive to use, helping customers make significant leaps in comfort, control, code compliance, and energy efficiency. More information can be found for both brands at www.digitallumensinc.com.
“We are excited to partner with Digital Lumens, Inc. to serve the IoT and Connected lighting markets. We are looking forward to helping the team expand and enhance the business in all ways,” said Alex Soltani, Chairman and CEO of Skyview Capital.
“We now are very well-positioned to grow the Digital Lumens and Encelium business lines. We have innovative software and hardware technology and now the financial backing to help realize our global strategy. There is a significant opportunity to expand our services to new customers and geographies,” said Brian Bernstein, CEO of Digital Lumens.
About Skyview Capital, LLC
Skyview Capital, LLC is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission-critical enterprises in the areas of technology, telecommunications, business services, niche manufacturing, and food & beverage. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. The Los Angeles Business Journal recently recognized Skyview as one of the top 30 private equity firms in Los Angeles. To date, Skyview has successfully completed over 30 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.
About Digital Lumens, Inc.
Digital Lumens, Inc is comprised of two business units: 1) Digital Lumens, which serves the industrial segment, and 2) Encelium, which serves the commercial sector.
Digital Lumens helps thousands of industrial facilities around the world operate at peak performance today — and be ready for the future. The innovations start with intelligent LED luminaires and advanced lighting controls, which provide great lighting and energy savings. The SiteWorx facility insights application suite and an array of smart devices help industrial customers know more and do more by metering utilities, monitoring their entire facility, and observing critical areas. These popular solutions deliver significant results and exceptional value right out of the box. And Digital Lumens continually explores and innovates, looking for breakthroughs that make facilities more efficient and sustainable — while keeping people safe and productive.
Encelium has been transforming healthcare centers, office buildings, educational institutions, and commercial properties with advanced light management systems for over 20 years. Encelium X, its latest and most advanced system, is simple to install and intuitive to use, helping customers make major leaps in comfort, control, and energy efficiency. Encelium light management systems make life better and brighter for tenants and occupants while enhancing the experience of lighting designers, electricians, building owners, managers, and many others. Sophisticated capabilities made simple — that’s the Encelium Experience. Digital Lumens, Inc is based in Boston, MA, and is a portfolio company of Skyview Capital LLC. More information can be found at www.digitallumensinc.com