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TRILUX has taken a majority interest in German retail lighting company Oktalite. 'With the takeover of 75% of the company, we are substantially broadening our product portfolio in the face of the fact that the retail lighting segment is developing dynamically on an international scale,' said the TRILUX chief executive Michael Huber. The core business of the Cologne company is lighting solutions for shop projects and retail areas. Both Oktalite's product spectrum and its complete range of services will continue to be offered in their present market-compatible form - the brand will stay active on the international luminaire market under its present name. Huber: 'With the brands of TRILUX and Oktalite, intelligent, all-round solutions can be offered in the future to the sophisticated shop and retail lighting market from a single supplier'. The companies have made no disclosures concerning purchase price.
'With the Oktalite engagement we are implementing a further step in our future based upon a clearly defined strategy of growth within the luminaires market,' explains Michael Huber. The takeover of the company stock of the sole partner was executed retroactively to 1st January 2007. The Oktalite Lichttechnik GmbH, with a turnover in 2006 of 30 million Euros, consists of the manufacturing base in Cologne and four sales branches in Germany. In the European market, Oktalite is represented by dependencies in France, Great Britain, Italy, Poland and Spain. Oktalite products are also marketed worldwide via trade partners.
TRILUX will be taking on all 147 employees of the Oktalite group. The company has made a name for itself with lighting solutions for retail areas. The core business consists of lighting for banks, cafes and sport and fashion retail outlets, and additionally for the food segment. 'The combination of both product ranges allows us not only to stabilise but to extend the common features and commitment within the business units of both Oktalite and TRILUX,' explained the managing directors Reiner Jurgens (TRILUX) and Wilfried Großkinsky (Oktalite). ''With the help of newly won synergies we will accelerate our involvement in the high-end market for retail lighting with intelligent all-round solutions'.
In the future TRILUX will be aiming for further acquisitions: 'In accordance with our growth strategy we will be keeping our eyes open,' stated Michael Huber. 'Further acquisitions that will allow for an appropriate growth potential are planned'. For the ongoing year Huber sees TRILUX on the right path: 'We are aiming for a turnover of 400 million Euros for the entire TRILUX group, with the takeover of 75% of the Oktalite group being an important step'.
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