By BizLED Bureau
Dec 4, 2015: Tridonic GmbH & Co KG, an LED lighting components and systems manufacturer, has sold its LED signage business to AgiLight Inc.
With the acquisition, AgiLight, has now become one of the largest LED system suppliers to the global signage market while for Tridonic, the move marks another milestone in the field of innovative LED components and systems for general lighting. The sale of the signage business takes the form of an asset deal.
Tridonic CEO Alfred Felder said, ? We are delighted to have an ideal partner in AgiLight who can draw upon great expertise in taking forward our signage activities. Given the specific sales approach and varied customer base, this is the time for us to hand over this business to a company that is fully dedicated to the global signage market. We will be applying our 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.?
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?The acquisition is fully in line with our global development strategy. This business will allow us to enhance our 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,? said Steven Moya, President and CEO of AgiLight, Inc.
AgiLight has agreed to offer the current Tridonic Signage employees new contracts with AgiLight. All the employees with signage tasks as a part of their job will continue to remain in their current functions with Tridonic supporting the transition to AgiLight.
In future, AgiLight will continue to use Tridonic Signage and Talexx Signage brands and will continue to supply the existing Tridonic Signage product portfolio apart from its own SignRayz and BoxRayz LED systems.