Fusion Corporate Partners

Nualight, an Irish energy efficiency lighting company that specializes in  lighting for food retail displays, has acquired Lumoluce, an LED lighting technology company based in the Netherlands. The deal will bring Nualight to revenues above €25m for 2011 with more than 200 employees.

The acquisition was funded partly in Nualight shares and partly with an equity issuance led by existing shareholders Climate Change Capital Private Equity and ESB Novusmodus. Further terms of the deal were not disclosed.

The deal accelerates Nualight’s expansion into the accent lighting market for food retail, an early-stage market which is predicted to grow rapidly as food retailers around the world continue to transition to energy-efficient LED lighting. Nualight’s customers include Tesco, Migros, Sainsburys, The Co-operative Group, Tengelmann, Stop and Shop and Carrefour.

Lumoluce, based near Amsterdam, provides Nualight growth opportunities in four additional markets: high-end retail, infrastructure, commercial lighting and drivers.

Dr Liam Kelly, CEO of Nualight, said the transaction is the latest move in his company’s drive to expand its reach and capabilities.  “Food retailers today are very focused on deploying new technologies to make their business models as sustainable as possible.  In terms of price and performance, LED technology is fast approaching the tipping point for accent lighting in food retail.  Through this acquisition, Nualight has acquired a portfolio of products and excellent technology expertise that allows us to move very quickly into accent lighting for food retail and doubles the speed at which we can bring new products to market.  It also offers us instant entry into complementary market sectors. We have high growth targets and expect to maintain and build leadership positions in our niche sectors.”

Gerard Kroone, current CEO of Lumoluce, will remain in the company and joins the Nualight Board,

Ireland, Cork & Netherlands, Amsterdam

Intertek has acquired RDC Environment, which specialises in environmental impact measurement, life cycle analysis (LCA), carbon footprinting, eco-labeling, greenhouse gas inventory and energy auditing for consumer products companies, and water and waste management projects for both private and public companies.

RDC Environment, established in 1992 and managed by Bernard de Caevel and Michael Ooms, provides companies with environmental impact solutions for their products, raw materials or packaging. RDC Environment also carries out water footprint and environmental analysis for public authorities.

“The European expertise offered by Intertek-RDC enhances Intertek’s existing network of qualified experts located in Asia and North America, to provide a global service for environmental impact solutions for companies, products,packaging and supply chains,” said Christophe Liebon, Vice President of Intertek Environmental Impact Solutions.

“The market is growing in Europe, particularly in France where possible future legislation on environmental labeling and the obligation for companies with more than 5,000 employees to perform carbon footprinting are under consideration,” said Bernard de Caevel, RDC Environment.

France, Heudeboulville & Belgium, Brussels

Amantys, a UK based energy efficiency power electronics company, has closed a $7 million Series A round. The new funding enables Amantys to continue with the commercialisation of its digital power switching platform.

The new funding round has been led by Moonray Investors, part of Fidelity International and ARM Holdings plc (ARM). Moonray Investors has additionally purchased the remaining external minority interests in Amantys.

UK, Cambridge