Aquin Advises:
On Acquiring A Stake In:
Key Terms
| > | On March 15, 2024, Schréder S.A. (»Schréder«) signed a definitive agreement to acquire a 49% stake in Photinus GmbH (»Photinus«). |
| > | Aquin has assisted Schréder in this transaction by engaging in target scouting, providing advice on specific commercial due diligence (CDD) topics, and conducting research on valuation multiples in the solar lighting industry. |
Strategic Logic
| > | In order to accelerate the growth of smart and connected solar solution and meet the rapidly increasing market demand for solar lighting, the two industry leaders are joining forces. |
| > | The dynamic alliance aims to accelerate the adoption of renewable energy around the world and provide lighting solutions with a significantly reduced carbon footprint to create safe and comfortable environments after dark for all communities worldwide. |
Schréder
| > | Schréder, based in Brussels (BEL), is the leading independent smart outdoor lighting solution provider worldwide. |
| > | The company operates in various markets from industrial lighting solutions to road and smart tunnel lighting as well as smart lighting for cities and communities – with a focus on technical expertise as well as aesthetics, practicality and sustainability. |
| > | Founded in 1907, the privately-owned company is present in over 70 countries on 5 continents. |
Photinus
| > | Photinus is a leading European solar lighting provider, based in Dornbirn (AUT). |
| > | The company stands for innovation, modularity and flexibility in the development of their solar lighting product range. |
| > | Photinus was founded in 2006. |