Nualight announces sale of Lumotech’s LED driver business to Fulham
(UK) – Fulham adds Lumotech’s LED drivers to existing lighting components and electronics business, bringing new sustainable lighting solutions to global OEMs and distributors.
Nualight, a specialist LED lighting technology company has reached an agreement to sell certain assets from Lumotech, its driver and motion detector business to California, USA based company, Fulham. With completion of this acquisition, Lumotech will become Fulham’s new European Design Centre.
With its acquisition, Fulham will add that product portfolio to their existing range of LED drivers, modules, engines and further lighting solutions. Fulham will also strengthen its European presence through Lumotech’s existing sales channels, bringing new sustainable lighting solutions to global OEMs and distributors, including the new HotSpot Plus, an all-in-one LED emergency lighting system with a dimmable LED driver and a replaceable battery. The sale is expected to complete on July 01, 2016.
“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.
“We are delighted to have found an ideal partner in Fulham who already has a strong focus towards intelligent lighting components and can now draw upon the technological expertise of Lumotech as the industry continues to innovate. Nualight will help support the transition process and work towards a smooth handover for our customers. As Nualight, we continue to make strategic changes, in which our clear focus is to further develop our core LED lighting business in our specialist areas,” said Peter Mazalon, Nualight CEO.
