Eaton, an American lighting company, announced in an email to customers and channel partners on March 1 that it would spin off its lighting business into a separate, publicly traded trading company and hoped to complete the split by the end of this year.
Eaton said the split includes its lighting business, its global airport lighting business and its mainline lighting and intrusion systems businesses in Europe and the Middle East.
The Crouse-Hinds industrial lighting business and life safety business division in Europe, the Middle East and Africa will retain its emergency lighting product line.
Eaton said the split will give the lighting business a better position to cope with the industry's growth and meet customers' needs.
At the same time, the company's lighting products will be more effective competition in the diversified terminal market.
And Eaton's ability to focus on its core business will be enhanced.
Over the coming months, Eaton will work to complete the divest and ensure a smooth transition for employees, customers and key business partners.
Everything else is business as usual.