Announced
Financials
Sources
Tags
Italy
Private
Household Equipment and Products
Pending
indoor lighting solutions
Acquisition
Synopsis
AB Fagerhult, one of Europe's leading lighting companies, acquired iGuzzini Illuminazione, which designs and manufactures indoor lighting and outdoor lighting luminaries, for €385m. With iGuzzini joining the Fagerhult Group, the combined companies will have a strong position in Europe and a strong platform to grow sales globally. “iGuzzini is very proud to join the Fagerhult Group, together we are creating a European professional lighting champion and the Guzzini family have the aim to be a very important shareholder of the new combined entity”, comments Adolfo Guzzini, President iGuzzini.
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