Raytec Ltd, renowned for its innovations in LED lighting for security and safety applications, has announced its acquisition of Atexor Oy, a Finnish company known for its expertise in portable ATEX and IECEx lighting.
This strategic decision expands Raytec's product range and underscores its dedication to providing high-performance lighting solutions for challenging environments.
Commitment to Innovation
"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.
Lambert also noted that integrating Atexor into Raytec bolsters their market presence and enhances their ability to deliver a comprehensive portfolio of hazardous area lighting solutions.
Expansion in the EU Market
Atexor Oy has established itself as a significant player in the portable and temporary lighting sector
Founded in 1983, Atexor Oy has established itself as a significant player in the portable and temporary lighting sector, particularly for hazardous applications. Its products are widely used in industries such as oil and gas, petrochemical, and manufacturing.
The acquisition allows Raytec not only to extend its reach within the European Union but also to expedite growth within the hazardous area lighting market. Customers are expected to benefit from the combination of increased research and development capabilities and an expanded service network.
Future Prospects for Atexor
Jukka Viitasalo, Managing Director of Atexor Oy, expressed optimism about the transition, stating, "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."
Atexor Oy is set to operate as an independent entity, maintaining service continuity for its existing clientele and partners.
