(USA) – Chicago-based manufacturer Luminii has announced the acquisition of two British lighting manufacturers: Precision Lighting and Remote Controlled Lighting (RCL).
Precision Lighting and RCL are sister companies under common ownership and management that produce individually unique product lines. By bringing both brands into the Luminii fold, it is hoped that it will allow the collective companies to broaden their global reach into new territories, while enabling Luminii to further innovate by engineering new LED lighting technologies and products that service commercial and residential markets.
Jeff Parker, CEO of Luminii, said of the acquisition: “The mutual benefits of this dual acquisition are far-reaching. With the addition of Precision Lighting and Remote Controlled Lighting, we are well positioned to immediately expand our product offerings across geographies, including the US, where we are already well established.
“The company is concentrating heavily on engineering efforts in the miniaturisation space, as evident from our Stenos launch earlier this year. With Precision Lighting’s micro-lighting products and systems, we can now offer a broader range of micro-LED solutions to our customers while also expanding opportunities globally to introduce Luminii’s flagship products in major hubs including London, Europe and the Far East. RCL also brings an entirely new category of remote-controlled lighting solutions, opening doors to be specified into applications we were previously unable to support.”
Alex Ruston, Managing Director of Precision and RCL, added: “We are delighted and I can’t imagine a better partner to accelerate our growth worldwide. Luminii’s track record and complementary product strategy felt naturally aligned to ours, making this an easy decision for our team. With our distinctive product innovation in the micro-LED and remote lighting category, and Luminii’s linear expertise, we feel we have an amazing opportunity to multiply our joint innovation in the lighting space.
“The US has been a vastly untapped market for both Precision and RCL. This strategic company advancement with Luminii helps us further diversify our customer base, expedites our product visibility in the US, and gives us the momentum we need to bring our products to new markets.”