To strengthen our presence on the North American market, the Fagerhult Group acquires the remaining shares in Sistemalux
To strengthen and further develop our presence on the North American market the Fagerhult Group has acquired the remaining 30% shares in Sistemalux Inc. Sistemalux is based in Montreal, Canada, and have a long-lasting business relationship with iGuzzini. Besides offering premium lighting solutions under their own brand, Sistemalux have been responsible for the successful introduction of the iGuzzini brand in the US and Canada. In 2020 the net sales was approximately 300 MSEK. In 2018, iGuzzini acquired 70% of the shares in Sistemalux and now we acquire the remaining 30%. ‘We are