Explorations Group To Buy Lighting Company
Daniel R. Smith & Associates is a provider of lighting solutions for the marine and industrial markets.
EXGI president David Coriaty said, "the acquisition of DRSA is the next step in EXGI's plan to assemble a one stop solution for security, lighting and access control for the commercial, industrial and governmental markets by extending our product line to include DRSA's marine and industrial lighting solutions."
He said that the acquisition of Smith compliments Explorations' February 2009 acquisition of Hawk Biometric Technologies. The boards of both firms have approved the transaction. Explorations said it plans to be able to "promptly" consummate the transaction.
West Palm Beach, Florida-based Explorations Group is a provider of solutions of biometric security, access, lighting and control systems for industrial, commercial and governmental market.
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