Fagerhult completes the acquisition of WE-EF
Fagerhult has completed the acquisition of WE-EF and Flux Eclairage after receiving regulatory approval from the German Competition Authority. The acquisition is expected to have a positive effect on the earnings per share during 2017 and forward.
For more information see the press release from December 23, 2016. More information on WE-EF and Flux is available at http://www.we-ef.com and http://www.flux-lighting.com
WE-EF group companies included in this transaction are (Note: this includes all relevant WE-EF branded lighting operating companies):
- WE-EF LEUCHTEN GmbH; Bispingen, Germany
- WE-EF LEUCHTEN GmbH & Co. KG; Bispingen, Germany
- WE-EF TRADING & DESIGN GmbH; Bispingen, Germany
- WE-EF LUMIERE S.A.S .; Satolas-et-Bonce, France
- WE-EF LIGHTING Co. Ltd.; Bangplee, Thailand
- WE-EF HELVITICA SA; Geneva, Switzerland
- WE-EF LIGHTING Ltd. Nottingham, UK
- WE-EF LIGHTING Pty. Ltd.; Braeside, Australia
- WE-EF LIGHTING USA LLC; Warrendale, USA
- Flux Eclairage S.A.S.; Satolas-et-Bonce, France
The information contained in this press release is such that AB Fagerhult (publ) is required to disclose pursuant to the Swedish Financial Instruments Trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on March 9, 2017 at 16.15 CET.
Habo March 9, 2017
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Fagerhult is one of Europe’s leading lighting groups with approximately 2,800 employees and operations in more than 20 countries. We create modern products and exciting, energy-efficient and environmentally-adapted lighting installations, successfully integrated into their individual environments. The Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft Lighting, Designplan Lighting, Eagle Lighting, I-Valo, Arlight, Lighting Innovation and LED Linear. AB Fagerhult is listed on the Nasdaq Nordic Exchange in Stockholm.