Schréder acquires 49 per cent of Photinus
Schréder, a global provider of outdoor lighting, is acquiring a 49 percent stake in Photinus. This investment in the Austrian solar lighting company aims to promote the global growth of intelligent solar lighting.
Schréder from Brussels acquires a 49 per cent stake in Photinus from Dornbirn. The two companies, both active in the solar lighting market, want to join forces in order to establish sustainable lighting solutions in outdoor areas more strongly worldwide. Phontinus has already gained extensive experience in this area with energy self-sufficient solar lighting for customers in a number of European countries and the Middle East.
“At Schréder, we firmly believe that solar lighting solutions can help cities and municipalities improve their carbon footprint,” Schréder CEO Werner De Wolf is quoted as saying in a joint press release issued by the two companies. For Photinus CEO Martin Kessler, the merger with Schréder represents “a unique opportunity to expand our international sales network and achieve our goal of becoming the world’s leading provider of solar lighting solutions”. Together, the partner companies want to offer a comprehensive portfolio that can fulfil different requirements in terms of size and performance.
“Photinus is pursuing a very interesting strategy in the development of solar lighting products in terms of innovation, modularity and flexibility,” explains Philippe Felten, Chief Commercial Officer of Schréder. Specifically, the Austrian company is focussing closely on customers, with customised solutions taking centre stage. “Photinus’ sales strategy harmonises perfectly with Schréder’s sales culture,” says Felten.