Sweden-based Fagerhult announced on December 21 that it has signed an agreement to acquire iGuzzini, the Italian lighting group for EUR 385 million (US$ 439 million). According to Fagerhult, the price of EUR 385 million will be paid with 74 percent in cash and 26 percent in new Fagerhult shares. The transaction is expected to complete in the first quarter of 2019. With iGuzzini joining the Fagerhult Group will, the largest lighting company in the Nordic countries will increase its presence in Italy, Switzerland, Spain and North America. The combined compan...

AB Fagerhult, the largest lighting company in the Nordic countries has signed a Letter of Intent (LOI) with the shareholders of iGuzzini, an Italian lighting group, to acquire 100 percent of the shares of iGuzzini.

Philips Lighting, the global leader in lighting and a wholly owned subsidiary of Royal Philips, announced that it entered into a patent license agreement with the Italian company iGuzzini. The license, based on the terms and conditions of the EnabLED Licensing Program, provides iGuzzini with full, worldwide access to a wide range of basic LED control and system-level technologies. Both companies have also agreed to dismiss all outstanding litigations related to patents offered under Philips’ EnabLED Licensing Program for LED Luminaires and Retrofit Bulbs.