LVS-CAPITAL BECOMES MAJOR SHAREHOLDER IN GREENLUX FINLAND. FINNISH LED MANUFACTURER GETS SIGNIFICANT CAPITAL INVESTMENT FROM NEW GERMAN INVESTOR.
The Finnish LED luminaires manufacturer Greenlux Finland received a new shareholder last week as the German based LVS-Capital Gmbh acquired a major share of the company. The total investment made by LVS-Capital was EUR 1,5 million.
The capital investment will further boost Greenlux’s internationalization, and the company will benefit from LVS-Capital’s know-how and contacts. The share acquisition will also ease the financial burden for the shareholding Greenlux employees and private investors.
“I’m very glad that we found mutual understanding for the contract as well as for the common future with LVS-Capital. I’m sure that LVS-Capital will bring capital to Greenlux also on mental side and a lot of potential to accelerate our rapid growth,” Greenlux’s CEO Mr. Mikael Broman.
LVS -Capital’s involvement in Greenlux is a continuation of the company’s successful internationalization strategy. During the summer, Greenlux built two new assembly lines that guarantee the quality and delivery capability of big international orders as well as delivered the largest individual orders in the company’s history.
Representative of LVS-Capital, Mr. Hans von Staff-Reitzenstein states: “It’s a great opportunity to be committed to Greenlux’s LED technology competence and unique references. Our challenge together with Greenlux’s employees and other shareholders is to scale already existing international clients and maximize market potential.”
Greenlux’s sales have already surpassed EUR 3 million this year. Greenlux will continue growing also this year as the company’s turnover will increase considerably from 2013.