Company acquisitions in the Lighting industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.
In this blog post, we are taking a closer look at 2 acquisitions that took place in the Lighting industry.
The Pennsylvania Globe Gaslight acquired by Manali Petrochemicals
Details about the transaction:
Acquisition amount: $25,359,593
Announcement: 30 November 2022
Details about the company:
Gaslights are attributed with being invented by the Pennsylvania Globe Gaslight Company (Penn Globe), which is well-known for its illumination and creative design.
Headquarter:
Where to find them: Website
Industry: Electronics, Lighting, Manufacturing
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
White Teak acquired by Asian Paints
Details about the transaction:
Acquisition amount: $15,009,163
Announcement: 1 April 2022
Details about the company:
Designer lamps, hanging lights, and wooden décor are among the furnishing items that White Teak, a premium lighting and home decor firm, offers.
Headquarter:
Where to find them: Website
Industry: E-Commerce, Home Decor, Lighting, Retail
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
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