Fagerhult Group completed the acquisition of Capelon.

Fagerhult Group, a lighting solution provider that offers a wide range of indoor and outdoor lighting products, completed the acquisition of Capelon, a Swedish company that provides smart city solutions. Financial terms were not disclosed. “I’m very pleased to welcome Capelon as part of our smart lighting initiative. We look forward to building on their innovation capabilities and open system across the Nordics and the rest of Europe. More and more cities and municipalities are working to reduce electricity consumption and reach ambitious sustainability targets. In that effort, Capelon, in partnership with Fagerhult Group, is a strong and reliable partner,” Johan Lembre, Fagerhult Group CTO.