Lumenpulse Inc (TSX: LMP) has bought all of the shares of Ariane Controls Inc, a provider of narrowband powerline communication technology with headquarters in Québec City. The financial terms of the deal were not disclosed. Based in Montréal, Lumenpulse is a manufacturer of high performance and sustainable LED lighting solutions. It said the acquisition will add to its portfolio of proprietary technologies. Last year, Lumenpulse went public, raising $100 million in proceeds. It continues to be backed by Canadian venture capital firm XPND Capital and other investors.
Lumenpulse Acquires Ariane Controls
Lumenpulse adds to its portfolio of proprietary technologies by joining forces with Ariane Controls, a long-time provider of Powerline Communication (PLC) solutions
Feb. 9, 2015
Lumenpulse Inc. (TSX: LMP), a leading manufacturer of high performance, specification-grade LED lighting solutions, announced today that it has acquired all of the shares of Ariane Controls Inc. (“Ariane”), a company based in Québec City, for an undisclosed amount. Ariane is comprised of a team of five experts in PLC and controls with whom Lumenpulse has built a solid working relationship over many years. With this acquisition, Lumenpulse will benefit from their unique skills and highly trusted expertise. As a leader in its field, Ariane holds a patented modulation technology integrated to their Application-Specific Integrated Circuit (ASIC), which is part of Lumenpulse’s Lumentalk offering.
“With a track record of developing and implementing successful solutions as a Lumenpulse partner, we are excited to welcome the Ariane team into our company,” said François-Xavier Souvay, President and CEO of Lumenpulse. “Ariane’s founder and CEO Jean-Pierre Fournier will play a strategic role supporting the fast-growing adoption of our Lumentalk technology, which will further develop its full market potential. His staff will join our R&D team and enrich our know-how in hardware, firmware and software development,” he said.
“I believe the entrepreneurial spirit at Lumenpulse will be a great fit with Ariane and I am looking forward to building on achievements to date and driving opportunities to come,” said Jean-Pierre Fournier.
About Lumenpulse Inc.
Founded in 2006, Lumenpulse designs, develops, manufactures and sells a wide range of high performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environments. Lumenpulse is a leading pure-play specification-grade LED lighting solutions provider and has earned many awards and recognitions, including several Product Innovation Awards (PIA), three Next Generation Luminaires Design Awards, a Red Dot Product Design Award and a Lightfair Innovation Award. Lumenpulse has more than 365 employees worldwide, with corporate headquarters in Montreal, Canada, and offices in Boston, Paris, London and Manchester. Lumenpulse is listed on the Toronto Stock Exchange under the symbol LMP.
Additional information about Lumenpulse, including its 2014 Annual Information Form, is available at www.lumenpulse.com and on the SEDAR website at www.sedar.com.
For further information, please contact:
Vice-President – Investor Relations
Mergers & Acquisitions
(514) 937-3003 ext. 307
Photo courtesy of Lumpenpulse Inc