Raytec Ltd, renowned for its LED lighting solutions in security and safety-centric sectors, has announced its acquisition of Atexor Oy, a Finnish company specialising in portable ATEX and IECEx lighting systems.
This strategic move aims to expand Raytec's product offerings and reinforce its commitment to providing high-performance lighting solutions for hazardous environments.
Raytec's commitment to innovation
The synergy between Atexor's strong technical reputation and Raytec's dedication to innovation presents a compelling opportunity. "Atexor’s reputation for technical excellence and quality perfectly complements Raytec’s own commitment to innovation in illumination," stated David Lambert, Managing Director of Raytec Ltd.
He added, "Bringing Atexor into the Raytec family strengthens our market position and allows us to serve our customers with a broader portfolio of hazardous area lighting to suit any hazardous area requirement."
Expanding reach in the hazardous area sector
Raytec plans to expand its presence within the EU and accelerate growth in the hazardous area lighting market
Atexor Oy, founded in 1983, is an established manufacturer known for its durable, portable, and temporary lighting solutions tailored for challenging applications in hazardous areas. Its products are widely relied upon in industries such as oil and gas, petrochemical, and manufacturing.
With this acquisition, Raytec plans to expand its presence within the EU and accelerate growth in the hazardous area lighting market. Clients will benefit from the combined expertise, improved research and development capabilities, as well as an enhanced service and support network.
Continued development and independence for Atexor
"The sale marks an important step for Atexor Oy, opening new opportunities for continued development under the new ownership. We look forward to building on our strong foundation and continuing to serve our customers with the same commitment and quality," expressed Jukka Viitasalo, Managing Director of Atexor Oy.
Atexor Oy will maintain its operations as an independent entity and brand, ensuring seamless service for existing customers and partners.
