Galaed Group, a major player in the LED lighting industry in Europe, is pleased to announce today the acquisition of PROLED Group, a leading player in the LED lighting industry in Germany, Belgium, and Austria,from Perusa Partners Fund II L.P. (“Perusa”) and PROLED’s founders.

This strategic move strengthens Galaed's position in the European B2B lighting markets and enables it to achieve a consolidated turnover of €140 million. Galaed Group, present in France and UK where it operates renowned brands such as Miidex Lighting, Electra, Europole, Hoplights, and Aurora Lighting, sees the acquisition of PROLED Group as an opportunity to expand its presence and continue its expansion strategy across Europe. PROLED Group operates in Germany, Belgium and Austria with brands such as PROLED, Uni-Bright, and mawa, thus complementing Galaed Group's geographical footprint and product portfolio in its key markets.

Sébastien Bonneville, President of Galaed, stated, "This acquisition marks a significant step in our development strategy in the European lighting markets. We are confident that the combined expertise of Galaed and PROLED will enable us to offer even more innovative solutions tailored to the needs of our customers, while also opening doors to new markets."

Nicolas Lozowski, Investment Director at B & Capital, which has been supporting the group since 2020, said, "We are proud to support Galaed in this strategic step and are convinced that this acquisition will further strengthen its position in the European LED lighting markets."

Patrick Slechten, CEO of PROLED Group, also commented on the acquisition, stating, "Integration into the Galaed Group opens up new perspectives for PROLED and reinforces our commitment to innovation and product quality."

PROLED Group will continue to operate under its brands (PROLED, Uni-Bright and mawa) within the Galaed Group. This integration will strengthen the production capabilities, research and development, as well as the commercial presence of both entities in the European LED lighting markets