Glamox to acquire O. Küttel AG, a leading Swiss provider of lighting for the professional building market
Oslo (Norway) / Kriens (Switzerland), 16 March 2017 – Glamox AS (“Glamox”), a Triton Fund IV company, has entered into an agreement to acquire all equity interest of O. Küttel AG (“Küttel”), a leading Swiss provider of lighting for the professional building market from Regent Beleuchtungskörper AG. Glamox AS is a leading provider of lighting solutions to the Northern European professional building market and to the global marine and offshore markets.
Rune E. Marthinussen, CEO of Glamox, commented, “We are excited about this strategic opportunity that will allow us to enter the Swiss lighting market. Küttel is a widely-recognized and well-respected brand in the Swiss industry.”
About Glamox
Glamox is leading provider of lighting solutions to the Northern European professional building market and to the global marine and offshore markets. The Glamox Group is a global organisation with 1300 employees and an annual turnover of NOK 2 500 million (2016). The Group owns a range of quality lighting brands including Glamox, Aqua Signal, Luxo,, Norselight and LINKSrechts. Glamox is committed to meeting customer needs and expectations by providing quality products and solutions, service and support.
About Küttel
Küttel is a provider of lighting solutions to customers throughout Switzerland with facilities in Kriens, Bern, and Zürich. The company was founded in 1947 and has for over 70 years delivered quality lighting solutions. The company has 60 employees and generated annual revenues of approximately CHF 20 million in 2017.
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 36 companies currently in Triton's portfolio have combined sales of around €14.2 billion and around 91,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com
