Acquisition
of Dutch Company's LED Driver Business Strengthens Fulham's European
Channels and Brings New Sustainable Lighting Solutions to Global OEMs
and Distributors.
Hawthorne,
CA, USA -- Fulham Company Group, a leading supplier of lighting
components and electronics for commercial and specialty applications,
has signed a definitive agreement to acquire certain assets of the
LED Driver business of Lumotech, based in Alkmaar, Netherlands, from
Nualight, a manufacturer of specialty LED products. With completion
of this acquisition, Lumotech will become Fulham's new European
Design Centre.
With
this acquisition agreement, Fulham will be able to offer a more
extensive line of LED drivers to OEMs and distributors throughout
Europe. Fulham also will be able to take advantage of Lumotech's
existing sales and distribution channels for Fulham sustainable
lighting products, including the new HotSpot Plus, an all-in-one LED
emergency lighting system with a dimmable LED driver and a
replaceable battery.
"This
strategic acquisition will give our European customers immediate
access to the latest LED drivers and systems, and it will provide
Fulham with new sales opportunities in Asia-Pacific, Middle East, and
other regional markets where LED lighting is in demand," said
Bob Howard-Anderson, CEO of Fulham Company Group. "In addition,
creating a new European Design Centre will put Fulham in a better
position to serve our global customers, especially since Europe leads
the market in LED luminaire design technology."
The
asset acquisition is expected to be complete on June 30, 2016. The
terms of the acquisition were not made public.
About
Fulham
Fulham
Company Group is a leading global provider of intelligent,
sustainable commercial lighting components and electronics for use in
commercial general lighting, parking structure, signage,
horticultural, UV and other applications. The company develops and
manufactures a variety of award-winning LED and emergency products,
as well as legacy products across multiple lighting platforms. Fulham
sells its lighting solutions worldwide through original equipment
manufacturers (OEMs) and electrical equipment distribution channels.
Headquartered in Hawthorne, Calif., the company has sales and/or
manufacturing facilities in the U.K., China, India and the UAE. For
more information, visit http://www.fulham.com.
About
Nualight
Founded
in 2005 in Cork, Ireland, Nualight is a specialist European LED
lighting company selling predominately refrigeration lighting into
the world's leading grocery retailers, refrigeration display case
manufacturers, specialist refrigeration wholesalers and distributors.
With a heritage in award winning, market leading solutions and due to
its progressive and nimble approach, Nualight is also privileged to
serve select key accounts within industrial and infrastructure
applications.
Nualight
is funded by major Cleantech investors: Adaxia Capital Partners and
ESB Novusmodus managed by Greencoat Capital and has a sales presence
throughout Europe and Australia. For further information, please
visit http://www.nualight.com.
Fulham
Contact:
Andy
Firchau
Marketing
Manager
Phone:
+1 (323) 779-2980, ext. 1252
Nualight
Contact:
Pam
Chahal-Harris
VP
Global Marketing & Communication
Mobile:
+44 (0)7584 560069
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