Gewiss to acquire PERFORMANCE iN LIGHTING.

Gewiss, a manufacturer of systems and components for low voltage electrical installations, agreed to acquire PERFORMANCE iN LIGHTING, an international player within the lighting industry, comprising four prominent brands in the lighting sector. Financial terms were not disclosed. "With the entry of Performance In Lighting. A new group is born, even more solid in its dimensions, with a turnover that exceeds 600m Euros, and an even stronger value proposition, which is boosted with increasingly innovative and connected solutions for lighting and smart lighting. This growth extends our supply capacity in the lighting sector but also guarantees greater penetration in international markets, where Performance In Lighting has built and consolidated its presence over the years. We are convinced that this new dimension expresses a new phase for the company, which is also growing in the number of collaborators: today more than 500 new employees are on board, in addition to the 1.7k of Gewiss," Paolo Cervini, Gewiss CEO.