Luminell acquires Color Light AB 

Luminell AS has acquired 100% of the shares in Color Light AB from Amplex AB, and Color Light is from 1st of October 2016 a daughter company of Luminell AS.

 

Color Light logo

 

 

 

Color Light has for the last 20 years supplied the worldwide maritime market with advanced searchlights, and will continue doing that. Their journey from being a man with an idea and vision to now a worldwide player in a highly competitive market, is impressive. Over the recent years, Color Light has expanded their product portfolio with more advanced systems, a wider range of products, userfriendly control integrations and much more, and has a turnover of 15-20MSEK. The most recent product is CLITE2, a LED based searchlight with possibility of integrating IR camera.

Read more about Color Light

 

Amplex Logo

 

 

Amplex is a privately held Swedish company group with operations in the business areas Retail, Lighting and Automotive. The group consists of some 20 operating companies, with around 275 employees and is represented in 7 countries in Europe, the U.S. and Asia.

Read more about Amplex
 

  • “Color Light is an innovative company with high quality products in a distinct niche of the illumination market” says Fredrik Celsing, President and CEO of Amplex. “The concept that Color Light develops and delivers, is however a bit outside our core focus area. For Amplex, the sale of Color Light is a step in our strategy to enforce the concentration on a smaller range of product areas, parallel with enhancing the possibilities for future structural transactions. We are happy to have found a new owner for Color Light in Luminell, where the company can continue its development in a company environment where marine illumination is the core focus.”

 

Luminell Logo

Luminell is a company with its main focus on critical light solutions for demanding use.  The company was established in 2010, and has experienced a solid growth over the past years, with a turnover of 35-40MNOK. The relation between Luminell and Color Light was established in 2011, and has developed since then. Luminell is the distributor for Color Light in Norway and has also contributed in the development of the LED module for CLITE2.

Read more about Luminell
 

  • “Our dream is to solve visibility challenges and to support the world with smarter light solutions for demanding use. The acquisition of Color Light AB is an important step to see this become reality” says David Fink, founder and chairman of the board in Luminell AS.

 

The future

The acquisition is a step to strengthen both companies competitive advantage by combining strengths in marketing, sales, product development and supply chain. There are clear business synergies and both companies will benefit from the combined strengths. The first process will be to define the combined sales and market strategies, and this will develop during the next coming 3-6 months.

  • “This is a new chapter in both Luminell and Color Lights history, and we are excited about the opportunities that are ahead of us. With Color Light onboard, we can serve our customers worldwide with a more complete light solution” says Petter Veiberg, Managing Director in Luminell AS.
  • We have been working closely together for many years and the acquisition comes very natural to us” says Mattias Svensson, Managing Director at Color Light AB. “Both companies being growing challengers in the market, the acquisition will simplify an even tighter cooperation in sales, marketing, product development in order to strengthen the continuing market growth for both companies’”

 

 

 

For further information, please contact:

 

Fredrik Celsing, President and CEO, Amplex AB

+46 8 759 35 55, fredrik.celsing@amplexab.se 

 

Petter Veiberg, Managing Director, Luminell AS

+47 92 24 52 91, pv@luminell.com 

 

Mattias Svensson, Managing Director, Color Light AB

+46 70 66 382 78, mattias.svensson@ColorLight.com

 

Download the press release in pdf.file here