Anuva Services, a Morrisville contract manufacturing business, has acquired the assets of Innovative Electronic Solutions Lighting – a unit of PowerSecure International, the fast-growing energy services company in Wake Forest.
PowerSecure’s sale of its IES manufacturing equipment and parts inventory will also involve the transfer of about two dozen employees to Anuva, giving the 6-year-old company a total of 60 employees. The financial terms of the deal, which were announced last week, are not public.
PowerSecure employs more than 750 people and said in a public filing that it sold IES because recent acquisitions have provided the company with advanced manufacturing capabilities and necessitated the elimination of duplication.
Launched 12 years ago, IES develops and makes LED-based lights, including streetlights, landscape illumination, and specialty lighting for other manufacturers and for retailers.
Staff writer John Murawski