Milan, Italy (PRWEB) June 24, 2008
Artemide Group S.p.A. is pleased to announce that it has acquired the majority share of Nord Light S.p.A. The skills of Artemide are enhanced in one of the most promising sectors of the lighting world, LED (Light Emitting Diode), the innovative lighting source that is becoming more and more widespread due to its limited size, long life, low energy consumption, and very high yield, and is increasingly appreciated as the "light of the future" for its sustainability and flexible use, both for home and architectural applications.
"The acquisition of Nord Light perfectly fits into the strategy of ARTEMIDE for leadership in high-end lighting," says Luciano Iannuzzi, CEO of Artemide Group S.p.A. "Our position on the Architectural market is strengthened and our international competitiveness is increased in the widely expanding segment of LEDs. The acquisition of NORD LIGHT will also allow us to offer new top-level products and innovative lighting-technique solutions to professional customers, particularly in the hotel and retail sector."
Based in the neighborhood of Florence, Nord Light is a company that specializes in architectural lighting, where it is a leading supplier of solutions based on LED appliances. Nord Light technologies support designers and meet their requirements in an optimal way. Nord Light has conceived and implemented lighting-technique solutions for remarkable projects, including the Scene Tower of the Alla Scala Theatre of Milan (Architect Mario Botta), the Boscolo New York Hotel Palace in Budapest (Architect M. Iosa Ghini), the offices of Medio Credito Centrale in Rome (U.R.S. Nord Light) and the Dubai Airport (Architect Light Cibles). Very important applications in the retail sector include projects for Gucci and Prada, among others. "Our integration within the ARTEMIDE Group opens up great international perspectives for NORD LIGHT," says Rualdo Martini, founder and President of Nord Light. "We are happy to contribute to the development of a true global excellence pole in Made in Italy lighting."
"In the past few years the lighting sector has been characterized by a strong growth of appliances based on the LED technology," says Ernesto Gismondi, President of Artemide Group S.p.A. "With the acquisition of NORD LIGHT, the range of ARTEMIDE products based on LED sources is completed with the offering of technical appliances capable to satisfy the most demanding customers." For some time now, Artemide has been using LEDs for its decorative lamps, most recently with Itis, designed by Naoto Fukasawa, which received the Reddot design award in 2007.
Nord Light SpA employs a staff of about 30 people, mostly dedicated to the design of lighting-technique solutions, and achieved a turnover of more than 5.2 million EUR in 2007.
The Artemide Group is a world leader in the high-end residential and professional lighting sector. Founded in 1960, it has Ernesto Gismondi as its reference shareholder and President, and Luciano Iannuzzi as its CEO. The Artemide Group, based in Pregnana Milanese, employs a staff of over 700 and operates through 24 controlled and participated companies, with a distribution network that includes 47 single-brand showrooms in some of the world's main cities. Known for its philosophy "The Human Light", Artemide is one of the most renowned and prestigious lighting brands in the world, a synonym for Light, Design and Made in Italy.