15 October, AB Fagerhult signed a Letter of Intent with the shareholders of iGuzzini illuminazione S.p.A to acquire 100% of the shares of iGuzzini. Upon finalising the transaction, the Sellers (the Guzzini family) will receive a significant portion of the consideration in Fagerhult shares with the aim of becoming shareholders of the combined entity.

The addition of iGuzzini will significantly strengthen the Fagerhult Group’s position in the professional lighting market both in terms of the geographic presence and by adding leading complementary product ranges.