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Terms of the deal were not disclosed.
The acquisition makes Lutron a producer of light sources and bulbs for the first time in its 57-year history, according to news reports.
Lutron plans to keep the Ketra research and development facility in Austin.
Ketra produces smart lighting and control systems for a largely commercial market, but is shifting toward more residential growth. The company produces light sources that create white, pastels and saturated colors.
Ketra is best known for its line of simulated natural light, a growth area in the lighting...