Schréder, the world leader in intelligent outdoor lighting solutions, today announced that it has entered an agreement to acquire two Australian lighting divisions - Sylvania and Austube - of the Gerard Lighting Group (GLG).
Sylvania, based in Sydney, is the leading outdoor lighting brand in Australia. It designs and manufactures outdoor lighting with applications in roads, tunnels, decorative lighting, recreational sports and smart lighting connected solutions.
Austube, also based in Sydney, designs and manufactures indoor linear lighting solutions for applications in railway, airports and commercial infrastructures.
This acquisition marks a significant milestone in Schréder’s evolution and will give the company a stronger market position in Australia. The lighting markets are moving fast and this investment will bring a range of complementary products and open-up possibilities for more product innovation in both lighting and new markets. By leveraging experience and technology, we will be able to deliver even better solutions and further strengthen customer relationships.
Sylvania and Austube will serve as a new base for Schréder Australia. Both businesses will continue to operate under their existing names and brands, now associated with Schréder. The current Schréder Australia organisation will be integrated into Sylvania, creating a strong market leader in Australia. They will strengthen their respective product portfolios and benefit from a more competitive and complete offering.
Existing management at Sylvania and Austube will remain in place after the acquisition.
Schréder plans are to continue to operate the businesses in their current configuration while bringing innovation synergies.
“Sylvania and Austube are great businesses to add to Schréder. Their customer relationships and market position in Australia are outstanding. Combined with Schréder’s product portfolio and innovation pipeline, and our joint passion for lighting solutions, we will be able to delight our customers. This acquisition will be a great example of Schréder’s “local strength with global reach” strategy. We are happy to welcome the Sylvania and Austube employees to Schréder”, explains Werner De Wolf, Schréder CEO.
GLG CEO, Les Patterson, comments “Schréder is a natural home for Sylvania and Austube for the long term. The two businesses have a lot in common including a long and proud heritage, a commitment to innovation, and leadership positions in their respective geographies and product segments.”