Update: Echelon Acquires Lumewave, A Smart Street Lighting Control Provider
Martin Vlcek • Thu, Aug. 21
- Echelon announced acquisition of Lumewave, Inc. Terms of the transaction were not disclosed. Lumewave’s current sales were not disclosed either but they will definitely not be material to ELON.
- While my thesis didn’t anticipate an acquisition, Lumewave’s acquisition tries to revive Echelon’s falling sales in the Internet of Things segment where future growth lies.
- I confirm my thesis that investors should wait for a clear signal that the sales and margins stopped deteriorating before buying ELON.