Fagerhult Group to exit its South African business Lighting Innovations

As a part of the on-going strategic review, the Fagerhult Group investigates different exit options for its South African business, Lighting Innovations Africa.

Lighting Innovations is one of the main domestic manufacturers of professional lighting solutions in South Africa, with a turn-over of 161 ZAR million (~85 SEK mn) in 2019.

The market has not developed as expected and the company decided to focus its investments on more attractive growth opportunities.