Aquin Advises:
On The Sale To:
Key Terms
| > | With effect from December 1, 2016, the Nordeon Group took over 100 percent of the shares in the German professional lighting manufacturer Schmitz-Leuchten GmbH & Co. KG. |
| > | The former owner and manager of Schmitz-Leuchten, Christoph Schmitz, will continue to direct the business within the Nordeon Group. |
| > | Aquin acted as the exclusive M&A advisor to the owners of Schmitz-Leuchten. |
Strategic Logic
| > | As part of Nordeon, Schmitz will benefit from the group’s extensive technological abilities and competencies, the worldwide distribution network as well as from the international presence in key markets and will be able to focus on its own design and technological development. |
| > | The acquisition of Schmitz complements the existing product portfolio of the Nordeon Group and supports them on their way to a full service provider in the lighting industry. |
Schmitz-Leuchten
| > | Founded in 1932, Schmitz has a rich history and is known for its sophisticated design and its high-performance luminaires for office, hospitality, architecture and retail applications. |
| > | The company’s product range includes professional and linear lighting as well as highly customizable lighting objects, used by professionals like architects, lighting designers and engineers. |
| > | Schmitz employs around 75 staff members at its headquarters in Arnsberg (Germany). |
Nordeon
| > | The Nordeon Group is one of the world’s leading lighting companies for professional indoor and outdoor lighting. With its brands Hess, Wila, Griven, Nordeon, Vulkan and now Schmitz, the Group combines knowledge in all fields and across the entire manufacturing process in the lighting segment. |
| > | The company, headquartered in Springe (Germany), was founded in 2012 and employs around 700 people. |