Fagerhult acquires retail lighting company in Spain Fagerhult acquires Fagerhult SL and Commtech Commissioning Services in Spain. In order to further strengthen its position in the European Lighting Industry and to create a platform for growth in the important Spanish market, Fagerhult acquires its distributor in retail lighting and an after sales company in Spain. The acquisitions will have a positive effect on the full year profit per share in 2009. Fagerhults strategy is to be among the top three Lighting Systems providers in Europe through profitable growth. With this acquisition we will further strengthen our position in the important Spanish market. Fagerhult SL has been in successful co-operation with Fagerhult for many years in Retail business. Commtech Commissioning Services is in the after sales market with maintenance for lighting and ventilation. The companies are based in Laz Rozas, just outside Madrid and has 13 employees. The turnover is 30 MSEK."Investments in new stores and shopping centres are increasing continuously throughout the world. Brand profiling and increased insight in which way light influences our purchasing patterns and behaviour have generated substantial growth in the Retail Lighting market. Through the acquisition we will create a business platform in the Spanish market " says David Francis, Director Fagerhult Retail. Habo, 2 March 2009 For more information, please contact: Ulf Karlsson acting CEO tel: +46 36 10 85 63 mobile: +46 70 537 04 54 e-mail: ulf.karlsson@fagerhult.se David Francis Director Retail Lighting tel: +46 33 23 69 31 mobile: +46 70 289 84 89 e-mail: david.francis@fagerhult.se The Fagerhult Group with 2,000 employees is the largest lighting group in the Nordic region and a leading force in Europe. We develop, manufacture and market professional lighting systems for public environments. The group has sales companies in Sweden, Norway, Denmark, Finland, United Kingdom, Ireland, the Netherlands, France, Germany, Austria, Estonia, Poland, Russia, Dubai, Australia and China. Production facilities are located in Habo, Falkenberg, Borås and Åhus in Sweden, Manchester in England, Melbourne in Australia and in Suzhou, China. The group, which includes Fagerhults Belysning, Ateljé Lyktan,Fagerhult Retail, Elenco, Eagle Lighting, Project Lighting and Whitecroft Lighting, has a turnover of SEK 2,800 million. AB Fagerhult is quoted on the OMX Nordic Exchange in Stockholm, Mid Cap.
Fagerhult acquires retail lighting company in Spain
| Source: Fagerhult, AB