Triton-backed Glamox buys Luxonic

The bolt-on comes 18 months after Triton's acquisition of Glamox, which employs 1,400 people and generated sales of NOK 2.8bn in 2018.

The addition of Luxonic strengthens Glamox's position in the UK, where it has been present through its own subsidiary since 1967.

Triton acquired a 75% stake in Glamox for a consideration of NOK 2.8bn in December 2017, drawing capital from Triton Fund IV.

Company
Luxonic was founded in 1986 and is headquartered in Basingstoke, UK. It manufactures and sells its own brand of industrial lighting systems. The company generated sales of £16.6m in 2018.

People
Glamox – Rune Marthinussen (CEO).

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