Fulham acquires Lumotech’s LED Driver Business
Fulham Company Group 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 Center.
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 Center 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.