Glamox acquires Luxonic Lighting
(Norway/UK) – The acquisition will see both Glamox and Luxonic Lighting strengthen their position in the UK lighting market.
Glamox has entered into an agreement to acquire 100% of the shares of Luxonic Lighting and its subsidiaries.
Luxonic Lighting was established in 1986, and is a UK-based lighting company with a strong brand and its own manufacturing plant in Basingstoke. Glamox has been present with its own subsidiary in the UK since 1967, and the acquisition strengthens the companies combined position in the UK lighting market with complementary sales reach and product offering.
Rune Marthinussen, CEO of Glamox, said: “We are excited about this strategic opportunity, that will allow us to further strengthen our position in the UK lighting market.
“The UK market is one of the largest lighting markets in Europe and Luxonic Lighting is a strong system solution provider, with a high service level and local manufacturing that is highly recognised by customers.”
Nick Tavaré, Managing Director of Luxonic Lighting, added: “We are very pleased to become part of the Glamox Group. The acquisition marks the start of an exciting new phase for Luxonic Lighting, moving from 33 years as an independent business to being part of an international group with all the advantages that brings, but without losing our well-established identity to the UK.
“We look forward to further serving our existing and new clients by providing them with an even stronger offering through the support of Glamox.”