Mike Bauer, president and CEO of Nexxus, said that LightWild's ability to deliver complete LED solutions from controls to fixtures has been very well received by light designers and architects. "Our goal is to provide the team at LightWild with the support they need to accelerate their expansion into the architectural lighting market with their unique LED products and services."
The transaction is scheduled to close on or before August 30, 2007, subject to satisfactory completion of a due diligence review, approval of Nexxus' board of directors and other customary closing conditions.
LightWild's three UL-Listed LED product families are LightWild Floor Tiles (an award winner at LightFair 2006 – see http://www.ledsmagazine.com/features/3/6/2/LightWild), LightWild Linears and LightWild Pixels.
The company's product installations include sites such as The Garmin Store in Chicago, University Park at M.I.T. in Boston (see photo), the Atlantis III Resort in the Bahamas, and the Kansas City Art Institute in Kansas City, Missouri – see http://www.lightwild.com/showcase.
Nexxus says that its access to the key specifier community will be enhanced by LightWild's nationwide distribution network. Furthermore, all the Nexxus brands are expected to benefit from LightWild's strong software engineering focus, extensive lighting controls, and mature technology platform that provides a robust architecture for simple to complex lighting applications.
LightWild's solutions can operate by themselves or in conjunction with other building automation and DMX lighting control solutions for dimming, color control or full-scale entertainment applications.
"LightWild's employees are energized by the opportunity to join Nexxus Lighting," said Tom Stafford, president of LightWild. "The Nexxus growth strategy of acquiring and empowering key LED brands will allow the lighting specification community to leverage one company relationship that meets numerous lighting requirements for projects.
"We strongly believe the combined resources and knowledge throughout the expanding Nexxus Lighting organization will be very beneficial to our growth, both in product development and service to our representatives and customers."
LightWild is likely to remain at its current location and maintain its brand identity under the Nexxus corporate umbrella. Stafford will remain as president of LightWild reporting to Bauer.
