"LightWild's ability to deliver complete LED solutions from controls to fixtures has been very well received by light designers and architects and is expected to be an exciting addition to the Nexxus Lighting family," said Mike Bauer, president and CEO of Nexxus Lighting. "Our goal is to provide the team at LightWild with the support they need to accelerate their expansion into the architectural lighting market with their unique LED products and services."
LightWild's nationwide distribution network is expected to further expand Nexxus Lighting's access to the key specifier community. Light designers and architects have selected LightWild's products for projects ranging from hospitality, retail, and health care facilities to large scale projects such as high-rise buildings and arenas.
"LightWild's employees are energised by the opportunity to join Nexxus Lighting," said Tom Stafford, president of LightWild. "The Nexxus growth strategy of acquiring and empowering key LED brands will allow the lighting specification community to leverage one company relationship that meets numerous lighting requirements for projects. We strongly believe the combined resources and knowledge throughout the expanding Nexxus Lighting organisation will be very beneficial to our growth, both in product development and service to our representatives and customers."
The plan calls for LightWild to remain at its current location and maintain its brand identity under the Nexxus Lighting corporate umbrella. Stafford will remain as president of LightWild reporting to Bauer. He will be working closely with the Nexxus Lighting executive team and board of directors on executing the company's strategic vision to connect advanced technology with light.
Both parties have agreed that no other details of the proposed transaction will be disclosed at this time.
(Jim Evans)
