Tridonic GmbH & Co KG, part of the Zumtobel Group and a producer of LED lighting components and systems based in Dornbirn, Germany, has sold its LED signage business to U.S.A.-based AgiLight Inc. The signage business sale takes the form of an asset deal. The companies did not disclose the sale price of the business.
AgiLight, a subsidiary of General LED Inc. with headquarters in San Antonio USA, will reportedly become one of the largest LED system suppliers of the global signage market. AgiLight has core markets in the U.S.A., Latin America and the Middle East which it says complement Tridonic’s strong position in Australia, Asia, and Europe.
Tridonic says that the move marks is another step in its effort to systematically focus its business on LED components and systems for general lighting.
“Given the specific sales approach and – in part – varied customer base, the time is now right for us to hand over this business to a company that is entirely dedicated to the global signage market,” Tridonic CEO Alfred Felder commented.
“Tridonic will be applying its experience and expertise to facilitate the transition process and ensure a smooth handover for our customers. Our focus is firmly on general lighting for which we develop smart and connected LED components and systems,”
“The acquisition is fully in line with our global development strategy. This business will allow AgiLight to enhance its global position as the preferred LED partner of sign companies and will enable us to offer a strong portfolio of LED solutions to our global customers and accelerate the pace of innovation and new technology development. Our mission is to bring value to our customers while enabling them to achieve greater growth and competitiveness,” Steven Moya, President and CEO of AgiLight, Inc. stated.
AgiLight intends to offer current dedicated Tridonic Signage employees new contracts with AgiLight to maintain continuity for the customers. All Tridonic employees with a job description that includes signage tasks will remain in their current functions with Tridonic to support the transition to AgiLight.
AgiLight said that in addition to selling its own BoxRayz® and SignRayz® LED systems it will continue to use the brands of Tridonic Signage and Talexx Signage and supply the existing Tridonic Signage product portfolio. The Tridonic plant in Jennersdorf, Austria, will continue manufacturing LED assemblies and components for LED chains in AgiLight’s signage product portfolio.