Panasonic Transfers Its Lighting Business in Europe to Fidelium Partners

Japan’s Panasonic Corporation announced that it has entered into a share transfer agreement with Munich-based Fidelium Partners, under which all shares of Panasonic Lighting Europe, which focuses on the lighting device business in Europe as a wholly owned consolidated subsidiary of Panasonic, will be transferred to the German investment firm.

Panasonic acquired German lighting device manufacturer Vossloh Schwabe in August 2002 to expand its lighting device business in Europe and worked to strengthen sales of lighting devices for conventional light sources such as fluorescent lamps and mercury lamps, and LED devices to lighting fixture manufacturers.


(Image: Pixabay)

However, competition in the lighting industry has been intensifying globally as the broad use of LEDs provided an opening to new entrants. In the European market, in particular, the commoditization of LED-based lighting devices and the shift to a vertically integrated business model driven by the popularity of LEDs is in progress.

Under such circumstances, Panasonic, with aim to accelerate the concentration of the business, has decided to transfer the shares of the European lighting device business to Fidelium Partners, which valued PLE’s accumulated technologies and product strengths and is expected to successfully continue and grow the business in Europe.

Going forward, Panasonic will step up its effort to accelerate the replacement of conventional lighting fixtures with LEDs in Japan and broaden the use of new and high value-added products in order to maintain growth and expand the lighting business. With lighting fixture sales in Southeast Asia, India, and China as growth engines, the company will work to achieve sustainable growth with profitability both in Japan and abroad.

Further, the company will accelerate its shift to the space creation business by delivering cross value solutions through integrations of light sources and fixtures.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE