Fagerhult was founded by Bertil Svensson in 1945. In the first year, sales were SEK 13,000. After only one year, the first factory was built in Fagerhult, at that time with six employees and sales amounting to SEK 53,000. The factory remains at the same location today, but has now been extended about forty times.
In 1949, the limited liability company Fagerhult Elektriska was founded, with Bertil Svensson as Managing Director. Development and manufacturing of fluorescent tube electric fittings was also started, with sales totalling MSEK 1.
In 1968, Fagerhult opened its first foreign representation office in Denmark, closely followed by Norway and the Netherlands. The year after, Tryckta i Markaryd was acquired and the Group began to develop.
In 1974, Ateljé Lyktan was acquired and the Parent Company changed its name to AB Fagerhult. Sales amounted to MSEK 55 that year.
Two years later, AB Fagerhult was registered on the Stock Exchange and a sales office and an exhibition were opened in Hamburg.
During the mid-90’s, Fagerhult opened sales offices in Berlin and Helsinki, while Aneta became a part of the Fagerhult Group. The sales for the year began to approach MSEK 900 and the number of employees reached 900.
In 2004, Per Borgvall took office as CEO.
In 2005, Whitecroft Lighting in Ashton-under-Lyne, just outside Manchester, Great Britain, with approximately 280 employees and sales of closer to MSEK 400 was acquired, as was the LampGustaf group with a turnover of MSEK 300.
During 2006, the French lighting company, ECL, with sales of approximately MSEK 65, was acquired.
On 23 September 2006, Bertil Svensson was appointed Honorary Doctor at Jönköping University for “a nationally prominent life as a pioneer, entrepreneur and leading business man within the lighting industry in Sweden and for significant support to education and research within the area of lighting at the School of Engineering”.
In November 2006, Bertil Svensson passed away. Fagerhult now has sales of close to SEK 2.2 billion and approximately 1,600 employees, with production in Sweden, England and China.
In 2007 Eagle Lighting with headquarters in Melbourne, Australia with 65 employees and a turnover of more than MSEK 100 was acquired. During the year LampGustaf Inredning was sold to as part of the process of strengthening Fagerhult's focus on its core business. 2008
As part of Fagerhults strategy, lighting for public areas, Belid was sold to the Danish company Herstal Holding. The turnover was 2.8 billion SEK.
Johan Hjertonsson takes over as CEO. Fagerhult acquires their partner Fagerhult SL in Spain and Waco in Belgium. Turnover in 2009 was 2.4 billion SEK.
Fagerhult conducted its largest ever acquisition with the purchase of the leading German lighting company LTS Licht & Leuchten GmbH.
Fagerhult acquires the british lighting company DesignPlan Lighting.
Fagerhult acquires I-Valo Oy based in Iittala, Finland, in order to further strengthen the Groups position in the European lighting market and the segment for industrial applications located in very demanding conditions.
Fagerhult acquires the Turkish lighting company Arlight with application areas that include offices, schools, hospitals, shopping malls and airports. With a modern manufacturing facility outside Ankara, Arlight gives the Fagerhult Group access to low cost production near main markets.
Fagerhult acquires Lighting Innovations based in Port Elizabeth, South Africa, and the assets of the subsidiary companies Beacon Lighting and Arrow Lighting. With this acquisition Fagerhult will gain access to the South African market and several interesting growth opportunities within the dynamic Sub Saharan Africa region.
Fagerhult acquires LED Linear GmbH based in Neukirchen-Vluyn, Germany to strategically strengthen the Fagerhult Group’s position in the professional lighting market as well as adding leading complementary product ranges.
To strategically strengthen the Fagerhult Group’s position in the professional outdoor lighting market, Fagerhult has signed an agreement to acquire 100% of the shares in WE-EF based in Bispingen, Germany. This acquisition takes the Group’s sales in the outdoor segment to a run-rate exceeding 100 MEUR. The acquisition is expected to have a positive effect on the earnings per share during 2017 and forward.