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Artemide Group Acquires Nord Light to Delve Further Into LED Lighting
June 26, 2008... Artemide Group S.p.A. of Italy has acquired the majority share Nord Light S.p.A.
The Artemide Group, a high-end lighting company based in Milan, Italy, will gain the LED lighting expertise of Nord Light. The Artemide Group expects that the LED expertise of Nord Light will serve it well as it delves further into LEDs, which it describes as the “lighting of the future” because of their sustainability and flexibility in home and office applications. North Light apparently has a portfolio of products and has done many prominent LED lighting installations. Artemide Group says that it has sold decorative lamps for some time now that have taken advantage of LEDs.
"The acquisition of Nord Light perfectly fits into the strategy of ARTEMIDE for leadership in high-end lighting," said Luciano Iannuzzi, CEO of Artemide Group S.p.A. "Our position on the Architectural market is strengthened and our international competitiveness is increased in the widely expanding segment of LEDs. The acquisition of NORD LIGHT will also allow us to offer new top-level products and innovative lighting-technique solutions to professional customers, particularly in the hotel and retail sector." See the Current Industry News Summary
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