GEWISS and PERFORMANCE IN LIGHTING would like to announce that an agreement has been reached to officially join the GEWISS Group, the historic leading company in the international lighting industry.
The project will make it possible to extend mutual business opportunities, confirming the growth path undertaken by GEWISS through the acquisition of new market shares in a sector considered strategic and making PERFORMANCE IN LIGHTING the key asset for lighting.
As Fabio BOSATELLI, Chairman of GEWISS and parent holding company POLIFIN, explains, “Today, we give further concreteness to the development path undertaken by GEWISS. We are happy that this important step comes with the acquisition of a historical and prestigious company such as Performance In Lighting, which over the years has been able to win the recognition of the markets in which it operates. For GEWISS, this is a path of growth that is consolidated in the lighting field, but which also sees us playing a leading role in the other business units that make up our offering, as witnessed also last week with the launch of the new CHORUSMART home switch series, which represents an important technological evolution for home management and control. This move, therefore, strengthens GEWISS, which is committed to the development of solutions for the smart home, electric mobility, lighting, and energy protection and distribution systems, but also strengthens the entire POLIFIN Group, which is engaged with COSTIM in the real estate development of the CHORUS LIFE project, which represents a replicable model of urban regeneration in which to integrate all these solutions to meet the needs of safety, comfort and a strong focus on sustainability.”
Giorgio LODI, President of Performance iN Lighting states, “With great pride, I can say that our entry within an important Italian group such as GEWISS allows Performance iN Lighting to strengthen its growth potential significantly. We are both Italian groups with a strong vocation for internationalization, and this union lays the foundations for a new present and a shared future.”
“With the entry of Performance In Lighting,” adds Paolo CERVINI, CEO of GEWISS, “a new Group is born, even more, solid in its size, with a turnover that exceeds 600 million euros, and even stronger in its value proposition, which is embellished with increasingly innovative and connected solutions for lighting and smart lighting. A growth that further extends our offering capacity in the lighting field and ensures greater penetration in international markets, where Performance In Lighting has built and consolidated its presence over the years. We are convinced that this new dimension expresses a new phase for the company, which is also growing in the number of employees: today more than 500 new employees come on board, joining GEWISS’ 1,700.”
