M&A Activity • Dec 15, 2010
M&A Activity
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
LG Innotek, a subsidiary of the Korean LG Group, and the Austrian lighting company Zumtobel Group have concluded a cooperation agreement in the field of LEDs. The aim of cooperation is to transfer the successful high volume business in LED backlights for LCD screens to the field of professional lighting.
The two parties will each be contributing their respective expertise in terms of technology, applications and production. One aspect of particular importance here is the use of LEDs as point light sources to produce flat-area lighting. Both companies also plan to use their strengths to market innovative LED products: In addition to its existing LED portfolio, Tridonic, the lighting components brand within the Zumtobel Group, will also be offering LED products from LG - above all LED modules and converters for professional lighting - via its own sales channels.
Pressekontakt Kontakt Investor Relations Astrid Kühn-Ulrich Harald Albrecht Head of Corp. Communications Head of Investor Relations Tel. +43-(0)5572 509-1570 Tel. +43-(0)5572 509-1125 [email protected] [email protected]
issuer: Zumtobel AG Höchster Straße 8 A-6850 Dornbirn phone: +43/5572/509-0 FAX: +43/5572/509-601 mail: [email protected] WWW: http://www.zumtobelgroup.com sector: Technology ISIN: AT0000837307 indexes: WBI, ATX Prime, ATX stockmarkets: official market: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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