Callista buys Ledvance Eichstätt

The company has taken over Ledvance Eichstätt's operational business and assets, as well as its 333 employees, according to a statement. It will now operate as Aurora Lichtwerke.

Aurora is a supplier to former parent company Ledvance, as well as Osram, but will now focus on acquiring new clients, according to a statement.

Ledvance is owned by China-based LED manufacturer MLS. Unquote sister publication Mergermarket reported in April 2018 that Ledvance had mandated Roland Berger to carve out four non-core assets, including two manufacturing sites in Germany.

The Ledvance site in Eichstätt was scheduled to be closed until the end of 2020, since Ledvance had chosen to source its products predominantly in China. Following the carve-out, Roland Michal will join the company as CEO and the firm will establish new internal business operations so that the company can operate independently.

Company
Ledvance Eichstätt produces lighting products for use in construction projects in settings including offices, industrial buildings, shops, healthcare and hospitality, as well as in car parks and outdoor settings.

People
Aurora Lichtwerke – Roland Michal (CEO).
Callista Private Equity – Olaf Meier, Marc Zube (managing partners).

Advisers
Vendor – Roland Berger (M&A).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany