US-based architectural LED lighting manufacturer Luminii announced the acquisition of its competitor Optic Arts, based in Los Angeles.
With the acquisition, Luminii will include Optic Arts’ product lines into its portfolio, reinforcing its commitment of growing, according to the company’s CEO, Jeff Parker.
(Image: Luminii)
Parker noted that the distribution strategies of Luminii and Optic Arts are complementary and will remain in place after the Optic Arts acquisition. The team from Luminii remains agent focused, calling on the specification and distribution communities, while the team from Optic Arts will continue to be focused on vertical large opportunity sales.
In addition, Luminii will continue to grow through continued organic growth, innovative product design, and future acquisitions of companies like Optic Arts that share Luminii’s spirit of entrepreneurism and innovation.