Equity fund represented by CMP acquires Selux AG
Berlin-based Selux AG will continue to expand its position for sustainable lighting solutions and is launching an innovation offensive. CMP Capital Management Partners equity fund has acquired the globally active specialist for high-quality, efficient and excellently designed lighting solutions in order to enable Selux AG to achieve its goal of enhancing its position as one of the industry’s leading companies in the coming years. Founded in 1948, Selux has been casting the right sort of light on major streets, squares and towns around the world, including the 9/11 World Trade Center Memorial in New York. Last year, Selux generated sales of approximately 85 million Euros and employs about 400 people worldwide, 190 of them in Germany. Kai Brandes, Managing Partner of CMP Capital Management Partners, stated on the acquisition: “When we were offered the company founded by the Bansbach family, we immediately recognised that Selux was a leader in its sector. With its activities in Germany, the USA, France, Great Britain, Sweden, Benelux and Australia, Selux boasts an impressive global production and sales network. We also envisage strong growth potential for the global brand in numerous prominent locations around the world. Our lives are enriched by the use of light as a design element in central locations of a high-quality design featuring outstanding technology.