Deal catalyst for formation of Nualight ANZ joint venture that will target Australia & New Zealand Nualight, a specialist LED lighting technology company focused on retail, commercial and industrial markets, has announced a global deal with Servcorp for commercial LED lighting in all of their new and refurbished office locations. The deal is the result of a collaboration between Nualight and Light Energy Australia, which has now evolved into a joint venture, trading as Nualight ANZ, which will focus on the growing customer demand for LED lighting solutions in Australia and New Zealand. Servcorp is the world’s leading premium office space provider with over 150 locations in 23 countries worldwide. Sustainability is a core company value and this is driving a move to commercial LED lighting for all new offices which are typically located in flagship buildings in major cities around the globe. Nualight’s commercial LED lighting solution, using their flagship Blaze product, is delivering savings in excess of 70% for Servcorp through a combination of smart controls and the fact that 30% less fixtures are required to light the space. Servcorp also does not anticipate having to change a light for up to 25 years. In addition to energy, time and maintenance savings, Nualight’s Blaze LED commercial lighting is optically tailored for office applications, creating a very fresh and natural light that can be precisely controlled to suit the working preferences of each department. There is a growing body of research across the lighting industry that is linking the right lighting with happier and healthier workforces. Matt Baumgartner, chief information office of Servcorp, commented: “Servcorp strives to create an inviting and comfortable working environent for both our teams and the 40,000 businesses that use our service. Nualight’s Blaze solution has created a happier and more productive working environment for both.” Servcorp locations in Australia and the UK have already been fitted with the Blaze solution in this ongoing global LED transformation programme. Nualight ANZ, established in April, will be headquartered in Sydney with offices in Melbourne and Wellington. The joint venture will be led by a management team with extensive experience in corporate real estate and lighting technology. In addition to the Servcorp deal, Nualight ANZ has also secured an agreement to commence the refurbishment of Mirvac’s Allendale Square Building in Perth. Nualight ANZ will target retrofit and new build projects in the Industrial and Retail Property sectors. Nualight is a specialist European LED lighting technology company selling to global markets and focused on creating smarter spaces using LED technology in retail, commercial, transport and industrial markets. Nualight is funded by Greencoat Capital and Climate Change Capital and has featured regularly in the Global Cleantech 100 list in recent years.
Glen McGahern - for Nualight
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