Dialight Buys Assets of Airinet to Expand Its Operations in U.S.

Dialight Plc (DIA), a maker of light- emitting diode products, said its U.S. unit bought the assets of lighting-control company Airinet Inc. for $2.6 million to expand energy-saving technology operations in the U.S.

Dialight Corp. will pay as much as $7.4 million more, depending on sales through 2020, and Airinet workers and patent applications transfer to the company, it said today in an e- mailed statement. Airinet, based in Pueblo, Colorado, develops technology that can vary illumination depending on natural light or who is using a building, according to the statement.

Dialight, based in Suffolk, England, assumes no debt and expects the deal to add to earnings as soon as 2013, it said.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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