Foscarini to acquire a 90% stake in Ingo Maurer.

Foscarini, a manufacturer of lighting equipment, agreed to acquire a 90% stake in Ingo Maurer, a brand that skilfully creates and produces lamps, spectacularly unique designs, and lighting systems. Financial terms were not disclosed. "Foscarini stands on the market as a global hub of creativity in the decorative lighting design sector, the sum of various creative freedoms that are reflected in extremely expressive proposals with strong personality. With this step we have decided to invest in the uniqueness of the Ingo Maurer name, a brand that for us has always been a source of great inspiration and that we have always admired for its free vision and creative approach. We have had the opportunity to guarantee ourselves the honour and burden of playing a part in ensuring that the story of Ingo Maurer continues to be talked about around the world and support its further development on global markets – thanks to our solid and widespread commercial network which includes more than 2.5k retailers all over the world – with the specific intention of preserving its traditions, values, and distinctive expressiveness," Carlo Urbinati, Foscarini President and Founder.