Netherlands LED player Lemnis Lighting and Indian lighting specialist NTL Electronics join forces in new LED joint venture NTL-Lemnis
Lemnis Lighting and Indian lighting giant NTL Electronics (NTL) have decided to merge their LED activities in a new company, named NTL-Lemnis. The new company is fully operational as per 1 April 2012 and has its headquarters in the Netherlands. Both parties have been working closely together for several years already. NTL-Lemnis will primarily focus on the geographic markets Europe, Africa and India.
Friedwart Barfod, cofounder of Lemnis: ‘Many companies are currently defensive in their approach and very reluctant to share their knowledge. Lemnis, on the contrary, aims at sharing our knowledge and expertise in the field of sustainable lighting. To us this is the only way to truly generate impact’.
In 2020 more than 60% of all general lighting in the world will be based on LED technology, a recent report by McKinsey estimates. Mr. Arun Gupta, CEO of NTL: ‘With the bundling of our forces we are able to build a high-quality and vertically integrated organization. We are thrilled to further enter this exiting category with our new company.’
For the full press release: download press release1 april 2012 - Lemnis Lighting - companies news
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