Global investment firm Carlyle has agreed to sell Iwasaki Electric Co. Ltd., a Japanese provider of lighting and optical solutions, to Stanley Electric Co. Ltd., a manufacturer of automotive equipment and electronic components. Carlyle acquired Iwasaki in 2023 and worked with the company to accelerate its transition to LED lighting and connected smart lighting solutions, reorganize manufacturing operations, and shift toward a solution-centric business model. The transaction is expected to close by April 2026, pending customary approvals.
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