The two Finland-based LED lighting manufacturers bring high quality, energy saving LED luminaires to two distinct markets. Valoya helps growers and researchers worldwide improve plant cultivation with premium horticultural LED lighting based on the efforts of industry’s leading plant biology R&D. Greenlux Finland creates energy savings for customers worldwide with its energy-efficient general lighting solutions. Both companies offer carefully engineered, high-end LED fixtures suitable for small- and large-scale installations with a competitive return on investment.
The aim of merging the two organizations is to become a stronger unit that can share competencies between the companies, accumulated in over a decade of existence, to speed up the product range development of both Valoya and Greenlux Finland, as well as to strengthen the customer service and supply chain capabilities.
The customers of the two lighting providers will have easy access to the product selection of both companies in the future. For example, Valoya can provide its resellers access to Greenlux’s general lighting products to better support greenhouse and vertical farming growers’ general lighting needs. Likewise, Greenlux will be able to support its commercial customers with horticultural lights, for example in the case of in-shop vertical farms.
The two companies share a common owner, and both manufacture their products locally in Finland, for sustainability reasons. Additionally, Greenlux Finland has ownership in an Indian-based manufacturing partner, eAge with the capacity to supply its international orders.
Mikael Broman, Chairman of the Board of eAge Electronics Pvt. Ltd. and the founder and former Chairman of the Board of Greenlux Finland Oy, has been appointed to drive the integration. Greenlux Finland CEO Jarno Kivinen will continue to support Greenlux Board and Management until 31.3.2022 and Valoya CEO Tuukka Parviainen will continue to support Valoya Board and Management until 31.5.2022 to ensure a smooth transition.
In the short term, there are no changes in sales and customer support teams in either of the companies. Also, both legal units (Valoya Oy and Greenlux Finland Oy) will remain.
“By joining the organizations, we become a stronger unit that can invest in technological development and supply chain with the aim to speed up the growth of both Valoya and Greenlux in their customer segments. I also want to thank Jarno and Tuukka for their efforts to take each of the businesses to the next level.“, says Prof. Dr. Marco Sander, Chairman of the Board of Directors, Valoya Oy and Greenlux Finland Oy.
The merger is now targeted to complete in the second half of 2022.
——————————–
About Valoya Oy
Valoya Oy is a provider of high-end, energy-efficient LED grow lights for use in crop science, vertical farming, and medicinal plants cultivation. Valoya LED grow lights have been developed using Valoya’s proprietary LED technology and extensive plant photobiology research. Valoya’s customer base includes numerous vertical farms, greenhouses, and research institutions all over the world (including 8 out of 10 world’s largest agricultural companies).
About Greenlux Finland
Greenlux Finland Oy is a pioneer in advanced LED lighting solutions in Finland. The strengths of the company are high technical knowledge and flexible customer-oriented planning and production of general lighting. Both R&D and manufacturing are in the same facility, in Finland, which provides high-quality customer service with fast schedule. Greenlux’s Indian subsidiary eAge Electronics Pvt. Ltd operates for customers in the growing markets of Asia and the Middle East.
