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Press Release | 11 Jun, 2013 | 15:01 | Regulatory

Fagerhult acquires I-Valo Oy

I-Valo has 60 employees and manufactures lighting fixtures and solutions primarily for industrial applications located in very demanding conditions. Example application areas include paper & pulp, mining & minerals & metal and (bio-)energy industries. In 2012 the company had sales of 10 MEUR and profitability above the Fagerhult Group average.

“Our strategy is to become a clear leader in the European lighting industry. With this acquisition we will strengthen our Nordic base while also gaining access to a product leader within the Industrial applications segment. We expect I-Valo to grow within its current attractive niche, but also provide a platform to grow into adjacent lighting segments that also require lighting solutions operating in very demanding conditions - such as the marine & offshore segment.”, comments Johan Hjertonsson CEO Fagerhult.

Fagerhult pays a price of MEUR 9 on a cash and debt free basis, for 100% of the shares in I-Valo.

More information on I-Valo is available at

Habo June 11, 2013