ZumtobelGroup, an Austrian lighting manufacturer, has acquired Italy's SpaceCannon, a professional LED lighting company. SpaceCannon has annual sales of approximately 7 million euros, and approximately 70% of SpaceCannon's applications are based on LEDs.
CEO Andreas Ludwig said that SpaceCannon provides Zumtobel with sales channels and expertise to enter new markets, and as we continue to expand our technology base and application, SpaceCannon is an ideal complement.
Since the sudden death of founder Bruno Baiardi in August 2007, SpaceCannon has been looking for partners. The company will become part of Zumtobel's LED division, a new LED technology specialist.
The integration of SpaceCannon will enable the new LED company to innovate innovative LED products and solutions for new sales channels. At the same time, the Thorn brand will absorb the expertise of SpaceCannon.
According to Ludwig, LEDs have reached the level of light efficiency that can be applied to general lighting. Our technology network and our application expertise. The acquisition of SpaceCannon will make us more dynamic in this regard.
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