Nualight announces the acquisition of Lumoluce, an LED lighting technology company based in the Netherlands, bringing Nualight to revenues above €25m for 2011 with more than 200 employees.

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 is already recognised as a pioneer in LED lighting for refrigerated displays in food retail. In recent years, leading global food retailers including Walmart, Tesco, Kroger and Supervalu have replaced fluorescent lighting with LED in their frozen food displays, yielding energy savings of up to 70%. Nualight’s customers include Tesco, Migros, Sainsburys, The Co-operative Group, Tengelmann, Stop and Shop and Carrefour.

Coupled with its existing refrigerated display lighting business, the acquisition allows Nualight to target a significantly larger combined market which is predicted to reach an estimated annual size of €1bn circa 2016.

Accent lighting – typically spotlights that are used to accentuate high-margin fresh food displays such as fruit, vegetables, meat, fish and salads. Nualight’s LED accent lighting solutions are proven to save up to 40% on energy when compared with incumbent equivalent HID lighting at comparable cost.

The acquisition provides Nualight with an instantly expanded LED accent lighting portfolio and complementary expertise in accent lighting technology.

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