London (PRWEB UK) 13 June 2016
Nualight, a specialist LED lighting technology company has reached an agreement to sell certain assets from Lumotech, its driver and motion detector business to California, USA based company, Fulham. With its acquisition, Fulham will add that product portfolio to their existing range of LED drivers, modules, engines and further lighting solutions. Fulham will also strengthen its European presence through Lumotech’s existing sales channels, bringing new sustainable lighting solutions to global OEMs and distributors. The sale is expected to complete on July 01, 2016. The terms of the transaction remain confidential.
“We are delighted to have found an ideal partner in Fulham who already has a strong focus towards intelligent lighting components and can now draw upon the technological expertise of Lumotech as the industry continues to innovate. Nualight will help support the transition process and work towards a smooth handover for our customers. As Nualight, we continue to make strategic changes, in which our clear focus is to further develop our core LED lighting business in our specialist areas.” said Peter Mazalon, Nualight CEO.