HABO, Sweden, April 8, 2021 /PRNewswire/ -- To strengthen our
connectivity offering for outdoor environments, the Fagerhult Group
has acquired the remaining 80% shares in Seneco A/S.
Seneco is a Danish lighting connectivity company founded in
2010. The system consists of a full wireless product range for
outdoor luminaires, connected to the system is also an online
portal for remote monitoring and integration to other
installations. Besides creating more safe outdoor environments, the
system leads to significant energy savings and lower maintenance
costs. Most of Seneco's installations are today found in
Denmark and adjacent European
markets.
'In 2017 we acquired 20% of Seneco and we have since seen a good
adoption of the technology across our brands. As a leading European
outdoor lighting provider this acquisition helps us to further
strengthen our offering and increase our competence level, which is
a key strategic initiative for us. Seneco's solution fits well with
our ambition to provide open solutions that are easy to use for our
customers and partners. I am very happy to welcome the Seneco team
to Fagerhult Group', says Bodil
Sonesson, CEO Fagerhult Group.
The process was completed April
8th 2021
Contact information:
Bodil Sonesson, CEO, +46 722
23 76 02, bodil.sonesson@fagerhultgroup.com
Michael Wood, CFO, +46 730
87 46 47, michael.wood@fagerhultgroup.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/fagerhult/r/fagerhult-group-acquires-seneco-a-s-to-strengthen-connectivity-offering,c3319922
The following files are available for download:
https://mb.cision.com/Main/1781/3319922/1398730.pdf
|
Fagerhult Group
acquires Seneco A/S
|
View original
content:http://www.prnewswire.com/news-releases/fagerhult-group-acquires-seneco-as-to-strengthen-connectivity-offering-301264900.html
SOURCE Fagerhult