• Acquired new technologies in the field of industrial LED lamps to complete the catalog of the Company
• The acquisition was carried out through a capital increase of approximately Euro 0.4 million reserved to the companies proprietary know-how provided, Madco and Lombarda Cellophan
• The transaction will allow the activation of a new production line in Piemonte region (Italy) at the service of the productivity growth of Greenled Industry
Greenled Industry SpA, a company active in the production of smart LED lamps for energy efficiency, part of the Italeaf group, announces that it has acquired the “know how” technology of a new range of products that will help to complete the Company’s catalog and to start an intense industrial and commercial growth even abroad.
In particular, Greenled Industry has acquired executive projects, basic specifications, certifications, technical drawings, operating and manufacturing control procedures, technical and commercial datasheet and any other information necessary for the production of two new lines of LED lamps named “Sparta” and “Building Block”, as well as the know-how and all the technical information and everything else needed to evaluation and validation technology, for the EC, assembly, application and management of purchasing activities, sales and distribution and commercial exploitation of the LED lamps commercial called “iPanel”, “Mercury”, “Saturn” and “Stradale”.
Mr. Corrado Giancaspro, CEO of Greenled Industry, stated:
“With this acquisition and the strengthening of Company’s equity, Greenled Industry will significantly increase its commercial proposal addressed to the field of energy efficiency lighting in Italy and abroad. The new range of products conferred, in fact, completes the offer to a wide range of customers as energy-consumer industrial operators, private and public administrations and allows us to respond to the growing need for efficiency and energy saving. Thanks to the operation, finally, Greenled Industry will strengthen its production capacity through the activation of a new industrial line that will be implemented in Piemonte region, West-North of Italy”.
The acquisition was approved by the Board of Directors, in partial execution of the resolution of the Extraordinary Meeting of July 17, 2013, through a capital increase of approximately Euro 0.4 million in kind reserved to the companies proprietary of the know-how conferred, respectively Madco SRLs and Lombarda Cellophan Sas. Following the transaction, the new share capital of Greenled Industry SpA is Euro 3,763,636.00 fully paid. At the closing of the capital increase, the shareholders of the Company are as follows: Italeaf SpA 79.71%, 20.29% other shareholders.
Greenled Industry SpA, established in 2012 and part of the Italeaf Group, is active in the development and production of LED lamps with highly innovative and smart characteristics. The product is certified to operate in a particular thermal stress just in industrial environments (eg. foundry of steel areas, glass, cementery, etc.) or for urban and suburban areas particularly exposed to the natural elements. The LED lamps are destined to a large customer, represented by industrial operators, private and public administration, solving the best lighting needs in conditions of maximum energy savings, while maintaining the required luminance.