In a move set to expand its market influence within the European Union, Raytec Ltd has announced the acquisition of Atexor Oy, a Finnish firm renowned for its expertise in portable ATEX and IECEx lighting solutions.
The integration of Atexor into Raytec's operations is expected to enhance its product offerings, particularly in meeting the diverse needs of hazardous location lighting.
Hazardous Area Lighting
David Lambert, Raytec Ltd's Managing Director, stated, "Atexor’s reputation for technical excellence and quality perfectly complements Raytec’s own commitment to innovation in illumination. 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."
Atexor Oy, established in 1983, has carved out a niche as a dependable manufacturer of portable and temporary lighting systems, catering to sectors such as oil and gas, petrochemical, and manufacturing.
Expanded Service and Support Network
Atexor Oy will retain its operational independence, ensuring stability and continuity
This acquisition not only enhances Raytec's reach in the EU but is also poised to quicken its momentum within the hazardous area lighting industry. The amalgamation of resources promises customers improved research and development capabilities and a more extensive service and support framework.
Jukka Viitasalo, Managing Director of Atexor Oy, remarked, "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."
Despite the ownership change, Atexor Oy will retain its operational independence, ensuring stability and continuity for existing clients and collaborators.
