Fagerhult acquires I-Valo Oy
In order to further strengthen the Fagerhult Group position in the European lighting market as well as adding a complementary product range, Fagerhult has acquired 100% of the shares of I-Valo Oy based in Iittala, Finland. The acquisition is expected to have a positive effect on the earnings per share during 2013 and forward. I-Valo has 60 employees and manufactures lighting fixtures and solutions primarily for industrial applications located in very demanding conditions. Example application areas include paper & pulp, mining & minerals & metal and (bio-)energy industries. In 2012 the