Fulham Announces Acquisition of Lumotech's LED Driver Business to Expand European Presence for LED Lighting Products
June 13, 2016
For Immediate Release
Acquisition of Dutch Company's LED Driver Business Strengthens Fulham's European Channels and Brings New Sustainable Lighting Solutions to Global OEMs and Distributors
HAWTHORNE, CA (Marketwired, June 13, 2016) Fulham Company Group, a leading supplier of lighting components and electronics for commercial and specialty applications, has signed a definitive agreement to acquire certain assets of the LED Driver business of Lumotech, based in Alkmaar, Netherlands, from Nualight, a manufacturer of specialty LED products. With completion of this acquisition, Lumotech will become Fulham's new European Design Centre.
With this acquisition agreement, Fulham will be able to offer a more extensive line of LED drivers to OEMs and distributors throughout Europe. Fulham also will be able to take advantage of Lumotech's existing sales and distribution channels for Fulham sustainable lighting products, including the new HotSpot Plus, an all-in-one LED emergency lighting system with a dimmable LED driver and a replaceable battery.
"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.
Fulham Company Group is a leading global provider of intelligent, sustainable commercial lighting components and electronics for use in commercial general lighting, parking structure, signage, horticultural, UV and other applications. The company develops and manufactures a variety of award-winning LED and emergency products, as well as legacy products across multiple lighting platforms. Fulham sells its lighting solutions worldwide through original equipment manufacturers (OEMs) and electrical equipment distribution channels. Headquartered in Hawthorne, Calif., the company has sales and/or manufacturing facilities in the U.K., China, India and the UAE. For more information, visit www.fulham.com.
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- Andy Firchau
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Founded in 2005 in Cork, Ireland, Nualight is a specialist European LED lighting company selling predominately refrigeration lighting into the world's leading grocery retailers, refrigeration display case manufacturers, specialist refrigeration wholesalers and distributors. With a heritage in award winning, market leading solutions and due to its progressive and nimble approach, Nualight is also privileged to serve select key accounts within industrial and infrastructure applications.
Nualight is funded by major Cleantech investors: Adaxia Capital Partners and ESB Novusmodus managed by Greencoat Capital and has a sales presence throughout Europe and Australia. For further information, please visit www.nualight.com.
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- Pam Chahal-Harris
- VP Global Marketing & Communication
- +44 (0)7584 560069
About Braemar Energy Ventures
Braemar Energy Ventures is a venture capital firm focused on making investments in the energy technology sector. The firm's principals have invested in more than 60 companies in the sector and have more than 100 years of combined technical, operational and financial experience in energy and energy-related industries. Braemar partners with exceptional companies and management teams, in both alternative and traditional energy markets, which can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at braemarenergy.com.
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