Companies bundle expertise in LED technology and form a vertically integrated company...
Delhi, Amsterdam 2 april 2012 – Dutch independent LED player Lemnis Lighting (Lemnis), producer of the Pharox LED bulb, and Indian lighting giant NTL Electronics (NTL) have decided to merge their LED activities in a new company, named NTL-Lemnis. The new company is fully operational as per 1 April 2012 and has its headquarters in the Netherlands. NTL-Lemnis will primarily focus on the geographic markets Europe, Africa and India.
The companies believe to be highly complementary. Lemnis Lighting has a vast experience in design, innovation and commercialization of LED lighting. NTL is strong in the field of development, production and logistics. Both parties have been working closely together for several years already.
Openness is key
The cooperation with NTL fits seamless in the general belief in sustainability of Lemnis Lighting, however is unique in current zeitgeist. Friedwart Barfod, cofounder of Lemnis: ‘Many companies are currently defensive in their approach and very reluctant to share their knowledge. Lemnis, on the contrary, aims at sharing our knowledge and expertise in the field of sustainable lighting. To us this is the only way to truly generate impact. 19% of global electricity consumption goes to lighting. But more than 90% of the electricity consumption of a incandescent is transformed into heat. The new organization reflects the global need to drastically bring back waste.’
Mr. Arun Gupta, CEO of NTL: ‘With the bundling of our forces we are able to build a high-quality and vertically integrated organization. We are thrilled to further enter this exiting category with our new company.’
About NTL Electronics
NTL was founded in 1993 and has been producing lighting products since 2002. NTL is seated in Noida, India and has achieved the no1 position in lighting production in India. The family owned company has approximately 5000 employees and has expertise in the field of development and production of lighting solutions. The product portfolio of NTL contains of electronic components, tube light, CFL’s and LED lights. The Private Equity company CX Partners acquired 20% stake in the company in 2010.
About Lemnis Lighting
Lemnis Lighting B.V., founded in 2005, is a frontrunner in the field of sustainable lighting solutions based on LED-technology. Lemnis Lighting is a subsidiary of Tendris Holding. Tendris initiates, develops and invests in companies that work on sustainable solutions for a better World.
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