(Belgium) – The acquisition sees Schréder strengthen its position in Australian market.
Schréder has announced that it has entered into an agreement to acquire two Australian lighting divisions – Sylvania and Austube – of the Gerard Lighting Group (GLG).
Based in Sydney, Sylvania is one of the leading outdoor lighting brands in Australia, designing and manufacturing outdoor lighting with applications in roads, tunnels, decorative lighting, recreational sports and smart lighting connected solutions.
Austube, also based in Sydney, designs and manufactures indoor linear lighting solution for applications in railway, airports and commercial infrastructures.
The acquisition marks a significant milestone in Schréder’s evolution, and will give the company a stronger market position in Australia.
Sylvania and Austube will serve as a new base for Schréder Australia, while both businesses will continue to operate under their existing names and brands; the current Schréder Australia organisation will be integrated into Sylvania.
Existing management at Sylvania and Austube will remain in place after the acquisition; Schréder’s plans are to continue to operate the businesses in their current configuration, while bringing innovation synergies.
“Sylvania and Austube are great businesses to add to Schréder. Their customer relationships and market position in Australia are outstanding. Combined with Schréder’s product portfolio and innovation pipeline, and our joint passion for lighting solutions, we will be able to delight our customers,” said Werner de Wolf, Schréder CEO. “This acquisition will be a great example of Schréder’s ‘local strength with global reach’ strategy.”
GLG Ceo Les Patterson added: “Schréder is a natural home for Sylvania and Austube for the long term. The two businesses have a lot in common, including a long and proud heritage, a commitment to innovation, and leadership positions in their respective geographies and product segments.”