Skip to content. | Skip to navigation

Personal tools

The Global
Information Hub for
Lighting Technologies
and Design

Sections
Home > Business > Company News > Fagerhult Signs a Letter of Intent to Acquire iGuzzini
Business | Company News | Acquisition | Oct 18, 2018

Fagerhult Signs a Letter of Intent to Acquire iGuzzini

AB Fagerhult (publ) (“Fagerhult”) has signed a Letter of Intent (LOI) with the shareholders of iGuzzini illuminazione S.p.A (“iGuzzini”) to acquire 100% of the shares of iGuzzini.

Based on this LOI, Fagerhult has exclusivity to conduct a customary due diligence and is targeting signing a Share Purchase Agreement before the end of 2018. The finalising of the transaction will be subject to Fagerhult board approval and any anti-competition approvals that may be required. The transaction will be funded from a combination of debt finance and a new rights issue in Fagerhult shares.

Upon finalising the transaction, the Sellers (the Guzzini family through the legal entity Fimag S.p.A and Tipo TIP – PreIPO S.p.A) will receive a significant portion of the consideration in Fagerhult shares with the aim of becoming shareholders of the combined entity. Adolfo Guzzini (President of iGuzzini) and Andrea Sasso (CEO of iGuzzini) - in addition to remaining in their respective executive roles within iGuzzini - will assume important roles in the top management of Fagerhult.

The addition of iGuzzini will significantly strengthen the Fagerhult Group’s position in the professional lighting market both in terms of the geographic presence and by adding leading complementary product ranges. iGuzzini is a very well-known and respected professional lighting brand with a high brand awareness particularly amongst specifiers. The company designs, manufactures and markets professional lighting solutions for both the indoor and outdoor application areas. Founded in 1959 the company is based in Recanati, Italy. In the financial year ending December 2017, the company had 1,300 employees, and sales of approximately 230 MEUR.

More information on iGuzzini is available at www.iguzzini.com

FEATURED

Precise Characterization of Infrared Sources

Precise Characterization of Infrared Sources The demand for IR measurement solutions has increased significantly in the recent years. IR LEDs and IR lasers such as VCSELs have enabled many new applications in the field of “IR sensing”, using the NIR range (800-1000 nm) but also higher wavelengths as 1380 nm. Measurement tasks range from 3D ... Read more »

FEATURED

Tiny and Powerful LUXEON Rubix LEDs Raise the Bar for CRI, Lumens, and Efficacy with Addition of Lime and PC Amber

Tiny and Powerful LUXEON Rubix LEDs Raise the Bar for  CRI, Lumens, and Efficacy with Addition of Lime and PC Amber Lumileds today introduced two new colors – PC Amber and Lime – for its very small and very powerful LUXEON Rubix LED portfolio. The 1.4 square millimeter footprint is almost pixel like and belies the light output that’s possible from this high-power LED. There are 6 color options plus white in the ... Read more »

FEATURED

Cree LED Offers New RGBW LEDs for Architectural Illumination

Cree LED Offers New RGBW LEDs for Architectural Illumination Cree LED offers the broadest line of RGBW LEDs for architectural illumination. The market leading, upgraded CLQ6B, new CLW6A and CLR6A SMD LEDs are high performing 3 & 4 color LEDs. Read more »

FEATURED

WHITE PAPER: Measuring UVA & Violet LED Light Sources

WHITE PAPER: Measuring UVA & Violet LED Light Sources As the development of new UV LED sources continues at an ever-growing pace, so do the industrial applications that utilize them. UV LEDs are being put to work in various industrial processes, medical applications, and disinfection solutions. Efficient utilization of the UV radiation requires good ... Read more »

page_peel