Strengthens position in Smart City through the acquisition of Leading Light
Sustainion Group AB continues its successful investment in the Smart City segment to promote sustainable urban environments. Through the subsidiary EWF Eco AB, the company has acquired 98.44 percent of the shares in the lighting company Leading Light AB. This strategic acquisition will strengthen EWF Eco's presence and position in the Smart City segment and enable the development of innovative solutions for sustainable cities.
EWF Eco AB, already a prominent player in the Smart City segment, is well known for its market-leading contribution to smart waste management and recycling in public spaces in the Nordic region. Through the acquisition of Leading Light , EWF Eco will be able to expand its product offering to existing and new customers.
Smart presence-controlled and connected lighting systems for sustainable cities
Leading Light specializes in manufacturing and selling smart presence-controlled and connected lighting systems (IoT) for sustainable cities. Their innovative solutions make it possible to reduce energy consumption without compromising safety and security in the outdoor environment. By combining EWF Eco's expertise in smart waste management with Leading Light's advanced lighting systems, the companies will be able to offer a comprehensive and integrated solution for smart and sustainable cities.
With five employees, they are a competent and committed organization that will be integrated into Sustainion Group's operations as of 31 May.
Future prospects and sustainability in focus
Brodde Wetter, President and CEO of Sustainion Group, looks forward to welcoming CEO Niclas Perkman and his colleagues from Leading Light to the Sustainion Group. He emphasizes the synergies that exist between the two companies and the fact that they work with similar customer segments. With EWF Eco as owner of Leading Light , Wetter sees a promising future for expanding into more markets in Europe and developing the joint business together.
Niclas Perkman, CEO of Leading Light, is also enthusiastic about the future. He points to the growing demand for their presence-controlled and connected lighting solutions in a market with rising electricity prices and increased focus on sustainability. With the ability to offer solutions powered by both solar and electricity, Leading Light is well positioned to continue to be a leading player in the Smart City segment.
Through this acquisition and the cooperation between EWF Eco and Leading Light , Sustainion Group sees opportunities for synergies and an even stronger position in the Smart City segment. The company aims to continue delivering innovative and sustainable solutions to create the cities of the future.
