Calligaris reaches an agreement with Signify to acquire Luceplan
The Calligaris Group is pleased to announce that Luceplan, a premium lighting company owned by Signify, has signed an agreement to become part of the Group continuing the Groups’ strategy of joining forces with leading designers to further grow as a global brand synonymous with iconic design.
Luceplan is an established and well-recognised brand founded in Italy in 1978. It is widely known among architects, designers and consumers for its innovative technology-led design that exemplifies its creative concepts of practicality, beauty and innovation. The catalogue includes iconic designs such as the Constanza and Hope.
Calligaris Group CEO, Stefano Rosa Uliana commented, "Luceplan is an exciting new chapter. I've always been attracted by the history of this company that has been one of the pillars in the lighting industry for more than 40 years while relentlessly pursuing innovation and the design of the future. The Group will work from day one to maximise the synergies between the companies to enhance and strengthen the market position of our brands.”
The Calligaris Group was acquired by Alpha, a Pan-European Private Equity firm, in September 2018. The acquisition of Luceplan by the Calligaris Group is a core tenet of the Alpha value creation proposition, allowing both firms to maximise synergies to expand their businesses to create an industry leader while nurturing their valuable individual identities and positioning. Alpha is pleased to have been able to provide strategic support in this process led by Valentina Pippolo.
Commenting on the transaction, Alpha’s Head of Italy Valentina Pippolo said, “Alpha is delighted that Luceplan, a truly iconic brand, will become part of the Calligaris Group. This partnership will charge our endeavours to work with the Calligaris Group to build a global business defining innovation and exceptional design.”
“The core of our home business is functional and connected lighting products and systems, aiming to unlock the potential of light,” said Daniel Tatini, General Manager of Signify Italy, Israel and Greece. “We’re pleased to have found a new owner for Luceplan that will offer them a new platform to grow further and to flourish and wish it every success.”
The transaction is expected to complete within a month. Calligaris Group was assisted in this transaction by Banca Akros and Pedersoli Studio Legale.