BAVARIA Industries Group AG, Munich, sells the French subsidiary Technology Luminaires SAS to Ledpower France. The company achieved in 2015 with the worldwide sales of lightning systems for different applications a turnover of EUR 20 million. Ledpower France plans to further strengthen the international sales and integrate the competencies of the qualified workforce at Technology Luminaires in its group. Both parties agreed not to communicate the purchase price for Technology Luminaires SAS.

BAVARIA Industries Group owns 11 European companies with around 6,400 employees. The Munich-based industrial holding company is majority-family-owned and follows a long-term investment strategy.

LEDPOWER France is a French company that develops, produces and sales B to B lightning solutions and supplies more than 100 customers worldwide.

BAVARIA Industries Group AG issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 14:34:22 UTC

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