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| > | On May 25, 2022, Foscarini SpA (“Foscarini”) signed a definitive agreement to acquire a majority stake in Ingo Maurer GmbH (“Ingo Maurer”). The successful closing took place on May 27, 2022. |
| > | Sarah Utermöhlen will retain a 10% stake in Ingo Maurer. |
| > | Aquin acted as the sole M&A advisor to Claude Maurer and Sarah Utermöhlen, the heirs of the famous and poetic German designer and entrepreneur Ingo Maurer. |
Strategic Logic
| > | After the founder and designer Ingo Maurer passed away in 2019, Ingo Maurer GmbH was missing its guiding identity figure. With Foscarini, the company has now found a strong partner who can valorise the uniqueness of Ingo Maurer’s aesthetic language and can guarantee that its future development will remain consistent with its prestigious historic identity. |
| > | Through the acquisition of Ingo Maurer, Foscarini strengthens its distinctive role in the decorative lighting design sector on a global scale. At the same time, Ingo Maurer will gain access to the company’s wider network of more than 2,500 retailers globally, with the aim of growing the brand within international markets such as Italy, Asia and the US. |
Ingo Maurer
| > | Founded in 1966 by designer Ingo Maurer, the company Ingo Maurer GmbH is a brand that skillfully creates and produces spectacular lamps and unique lighting systems with a great visual impact. The designer Ingo Maurer is considered to be the most important light artist of his time and has eternalized himself with his designs and his unique light installations. |
| > | Several products are design classics (e.g. Bulb, Zettel’z, Lucellino) and have been in the portfolio for decades, as well as the distinctive art objects that are made to order and adapted to customers’ needs (e.g. Porca Miseria!, Golden Ribbon). |
| > | All products are manufactured, with original artisanal processes, in the Munich headquarters by the Ingo Maurer team and distributed all over the world. |
Foscarini
| > | Foscarini, founded on the island of Murano (Venice) and owned and directed by Carlo Urbinati, has been producing decorative designer lighting since 1981. |
| > | The Italian design company boasts an innovative collection of over 60 models, more than 20 materials and 30+ designers. It imagines, develops and produces decorative lamps which are perceived as design objects that transform spaces. |
| > | Foscarini is distributed in over 80 countries throughout 2800 multi-brand stores, and at the flagship spaces Spazio Monforte in Milan and Spazio Soho in New York. |