Riegens is a Danish company that designs and manufactures value-for-money lighting solutions for the professional market. Prior to the transaction, Riegens has successfully completed a demanding technology transfer towards LED technology and has achieved one of the highest LED penetration rates among its peers. In 2014, Riegens generated revenue of DKK 200m and had 200 employees

SG Armaturen is a Norway-based manufacturer of light fitting with production facilities in China. The company’s line of business includes the wholesale distribution of lighting products, electrical apparatus and equipment wiring supplies. The company offers a wide range of LED solutions primarily to the European market. In 2014, SG Armaturen generated revenue of approximately NOK 600m

The combination of SG Armaturen and Riegens will provide a more flexible production setup as well as complementary products, geographic coverage and knowledge sharing. The transaction enables Riegens to continue its strong growth path as well as achieving its ambition of growing in new markets

*Completed by the HCN Partners team when employed at Handelsbanken