Nemo Lighting take over the majority of Reggiani Illuminazione
(Italy)- Nemo Lighting has completed an acquisition of a majority stake in Reggiani Illuminazione, the two leading companies in the lighting industry will create a lighting industry hub worth €60 million.
The acquisition contributes to Nemo Lighting’s vision of creating an Italian-led industrial lighting hub, which began in 2020 with the investment in Ilti Luce, which now a Nemo Studio.
The Reggiani family will remain involved in the management of the company and will support owner of Nemo Lighting, Federico Palazzari, who will assume the position of managing director of the group.
“The first objective of this acquisition is to bring new competencies within the group by training and attracting talents. Reggiani’s top-level technical skills and positioning will allow the group to create important synergies also at a commercial level, expanding the offer, but above all opportunities,” says Palazzari.
“From a commercial point of view, the two companies will continue to operate as separate entities, maintaining the respective partnerships. The resulting cooperation and synergies at the production level will strengthen the global competitive positioning, making us able to answer to the increasingly broad and sophisticated market needs, with a structured commercial presence in Italy, France, the United Kingdom, the United States, China and the Middle East and a distribution network that covers more than 80 countries,” says Matteo Reggiani, CEO of Reggiani Illuminazone.
