Investments & Divestments
Aura Light
Aura Light is a market leader in providing sustainable lighting solutions with clear economical benefits.
Investment Thesis
- Accelerate growth by extending the product offering to include a broader assortment of sustainable lighting solutions
- Expand internationally with a focus on large accounts in Europe
- Transform the company from a predominantly lighting products company to a sustainable and cost reducing lighting solutions provider
Main Transformation Initiatives
- Doubled the sales force
- Changed the sales focus to the right decision makers: from janitors to senior management. Changed the sales approach from having a geographic focus to a segment focus. The segments include Signage, Retail , Street Lighting
- Accelerated R&D to increase the new product launches and also improved the infrastructure required to support new product launches
- Improved the production efficiency at the Karlskrona plant by implementing lean manufacturing processes and automating key processes
- Revised the pricing strategy
- Opened subsidiaries in Southern Europe
- Refined the value proposition to focus on the environmental benefits and the economic advantages
Key Facts
Country Sweden
Headquarter Solna
Acquired 2006-05
FSN Ownership 55%
Sales 2017 EUR 52M
CEO Jörg Weidenfeld
Chairwoman Elke Eckstein
Webpage www.auralight.com
Add-ons Elmetec, Gudulo, IQ SensorTech, Suelva