UK Warehouse Lighting Specialist Luxonic in £10M+ Takeover
2nd May 2019
UK lighting company Luxonic has been bought by US firm Glamox in an initial £10.15m deal.
Established in 1986, Luxonic is a UK based lighting company with its own manufacturing plant located in Basingstoke. It boasts a strong brand, working with all the big port companies or customers needing warehouse lights, including Amazon, The Hut Group, Shop Direct and Asda.
Glamox, which has been present with its own subsidiary in the UK since 1967, carries out a lot of maritime and offshore projects.
The acquisition strengthens both providers’ combined position in the UK market with complementary sales reach and product offering. They say it means a very big product range of highly energy efficient lighting products and a large support framework.
Luxonic had revenues of GBP 16.7m in 2018.
Pictured are Luxonic MD, Nick Tavare (left) and Glamox President & CEO, Rune Marthinussen