Zumtobel acquires Italian LED company SpaceCannon
The acquisition of SpaceCannon is intended to strengthen Zumtobel's position in preparation for the further expansion of its LED activities.
CEO Andreas Ludwig said that SpaceCannon provides Zumtobel with access to sales channels and expertise in new market segments, such as event and show lighting. "SpaceCannon makes the ideal complement for us as we continue to expand our technology base and applications know-how in LEDs – the market of the future," he said.
SpaceCannon has been seeking a partner or new owner since its founder Bruno Baiardi died suddenly in August 2007. The company will form part of the Zumtobel LED Division, the Group's newly-formed, in-house specialist for LED technology (see Zumtobel Group forms single LED organisation ).
The integration of SpaceCannon will also enable the new LED Division to intensify the planned creation of new sales channels for innovative LED products and solutions. At the same time, the Thorn brand in particular will be able to draw on the expertise of SpaceCannon in its core activities in professional outdoor lighting, not least in the development of LED-based outdoor and façade luminaires.
"Along with the continuing interest in energy efficiency, the LED technology was the core topic at the Light+Building fair," said Ludwig. "In the meantime, LEDs have reached a level of efficiency that increasingly allows them to be used in general-purpose lighting. With our technology network and our applications expertise, the Zumtobel Group is exceptionally well placed to benefit more than most from this trend. And in this respect the acquisition of SpaceCannon will make our progress even more dynamic."