As a result of the merger, both companies will gain a new development potential. Production capabilities will permit to cover any requirements of the professional market in the segment of architectural lighting in Russia. Strong position of "Lighting Technologies" in export sales and vast experience of Intiled in its segment will also expand the scope of export interests.
"The deal will be a new stage in development of these companies due to synergistic effect of combining the results in the areas of R&D, IoT, specialized SOFTWARE, development and production of complex lighting solutions and will allow in the nearest future to present solutions to the professional lighting market at a fundamentally new level for Russia, "comments Vitaly Bogdanov, Vice President of Strategy and Development of LLC “Lighting Technologies IGC”.
The reason for concluding this deal was the intention of the former Intiled investors to leave the lighting business, as well as the management’s strong desire to consistently develop the company, attracting the necessary investments.
"In light of these circumstances, the Intiled's desire to partner with a company that operates in the lighting market and shares Intiled's vision of the company's business model, its development and prospects was understandable and logical.
The result of intensive and thorough negotiations was the deal with "Lighting Technologies" only, because we saw in each other like - minded people and partners who are able to cooperate harmoniously and effectively," comments Elena Belova, Development Director of "Intiled".
On the one hand, LLC “Lighting Technologies IGC” plans to ensure preservation and development of the Intiled brand and its ideology, company autonomy, team and work model, on the other – to provide comprehensive support, insuring providing greater opportunities for growth and development in its segment.
"Intiled" will become a valuable source of expertise for the new partner in the areas of customized development and production, as well as the project model of work.
"Intiled" produces professional lighting systems, specializing in integrated design solutions for facades, bridges, transport infrastructure, sports facilities, high-rise buildings and large-scale facilities. The company’s portfolio includes more than one and a half thousand completed projects, including projects for the Sochi 2014 Olympic Games, the European Aquatics Championship in Kazan, the 2018 World Cup and other large-scale world events.
The international group of companies "Lighting Technologies" is the largest manufacturer and supplier of modern energy – efficient lighting solutions in Russia and the CIS countries. Production facilities are located in Russia, Ukraine, Spain and India. Offices and representative offices in 8 countries, including an office and logistics complex in Germany.