Dialight plc (DIA.L), a provider of LED lighting technology and solutions, Monday said it has agreed to sell its non-core, traffic business that manufactures signal lights used in traffic, pedestrian and railroad management in North America to Leotek Electronics USA LLC for $5.8 million.
Dialight said the deal will help it focus management and production capacity on its core activities. However, Dialight will continue to manufacture products for a period of up to 15 months from the conclusion of the transaction.
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