By Anthony Capkun
March 10, 2016 – Lumenpulse Inc.—a manufacturer of LED lighting solutions—has acquired British Columbia-based Fluxwerx Illumination Inc. for a “total initial consideration of $60 million”.
“Fluxwerx has achieved impressive growth and market adoption by combining minimalist product design with an innovative, proprietary anidolic optical technology,” said François-Xavier Souvay, Lumenpulse president & CEO. “In fact, they will be launching three new product lines late March.”
Fluxwerx is a manufacturer of LED luminaires for the general lighting of commercial and institutional spaces.
Including Fluxwerx’s 70 employees, Lumenpulse now has 584 employees worldwide, with corporate HQ in Montreal, Que., and offices in Vancouver, Quebec City, Boston, Paris, Florence, London and Manchester.
“The merging of our organizations represents a major milestone that we believe will be transformational for the Lumenpulse Group, creating one of the most exciting and innovative companies in the LED lighting industry,” added Souvay.