Fagerhult signs an agreement to acquire WE-EF
To strategically strengthen the Fagerhult Group’s position in the professional outdoor lighting market, Fagerhult has signed an agreement to acquire 100% of the shares in WE-EF based in Bispingen, Germany. This acquisition takes the Group’s sales in the outdoor segment to a run-rate exceeding 100 MEUR. The acquisition is expected to have a positive effect on the earnings per share during 2017 and forward. WE-EF designs and manufactures outdoor lighting fixtures for a wide range of lighting application sectors. The company has two factories in Germany and one in Thailand, as well as