The LED company Expromo Europe A/S, which is part of ProShop Europe Group, has acquired German LED specialist Leurocom. The takeover comes into effect on the 1st of December 2015, the announcement said.
The move is believed to fuel the company’s growth strategy while strengthening its presence on the German market. Having taken over of Leurocom office in Stuttgart, the Hamburg-based Expromo makes a strong foothold in both Northern and Southern Germany.
“The acquisition of Leurocom is an import step in Expromo's ambitious European growth strategy, - said Jørgen Noes, the company’s CEO. - It means that we have gained a unique possibility to strengthen our presence on the German market and take advantage of the growth we are seeing in LED technology. It is our goal to become one of the most important players in Europe, and this is a big step on the way”.
Following the move the company takes over an extensive customer portfolio and several service agreements with existing clients in Germany. The acquisition also brings invaluable expertise and knowledge with the new specialists in project management, sales, service and development, the press release said.