NORDEON B.V. Takes Over Operations from Hess
Villingen-Schwenningen, Germany and Gaffney, South Carolina ― Business operations of Hess AG Form + Licht were transferred to NORDEON B.V. by way of an asset deal on October 1, 2013. Business operations are continuing uninterrupted through the newly formed company Hess GmbH Licht + Form. Furthermore, NORDEON B.V. has taken over the Hess operations in the U.S., as well as in Scandinavia by way of a share deal, i.e. through acquisition of the total outstanding shares. All employment contracts of the nearly 180 employees are being continued. Pierre van Lamsweerde, CEO of the Nordeon Group, assumes management responsibilities for Hess GmbH.
With the Nordeon Group’s strong financial foundation, Hess can focus entirely on its core business again – the development and manufacturing of premium, innovative, and design-oriented outdoor luminaires and corresponding street and site furnishings. Pierre van Lamsweerde is delighted with this new member of the Nordeon Group, “Hess is a strong brand with great solutions and holistic concepts that create beautiful cities. We will sustainably strengthen Hess through targeted investments in innovation and manufacturing. Nordeon and Hess are very complementary and form the foundation for an optimistic future.”
Nordeon and Hess are successfully positioned companies in their respective market segments. With its product line, Nordeon concentrates strongly on the development and production of luminaires for indoor and outdoor use. Nordeon’s site in Springe is considered as Europe’s biggest manufacturing plant for the production of professional LED-luminaires. Hess mainly focuses on the development and production of decorative and design-oriented outdoor luminaires.
“The product line of both companies is completely different. Thus, the companies do not compete against each other, but complement each other in an excellent way and they can benefit from one another considerably. We can now offer our customers a very broad range of services – everything “made in Europe”. Furthermore, our customers can expect a maximum quality, reliability, flexibility and ability to supply”, explains van Lamsweerde, and adds: ”We want to introduce the strengths of Nordeon and Hess, bundle them and combine them to a strong whole”.
Andreas R. Budde, Managing Director of Hess, is pleased about the entry of Nordeon and says: “With Nordeon, we have a strategic partner at our side that ensures the long-term perspective and hence maintains jobs at Hess”.
The extensive technical expertise within the Nordeon group enables Hess to integrate technical innovations into market ready products with faster cycle times. “These are exciting times and we are eager to capitalize on new opportunities and synergies before us,” states Terry O’Toole, General Manager of HessAmerica.
Nordeon was founded in October 2012 as part of the purchase of Philips’ development and production site for professional lighting in Springe, Germany. As early as two months afterwards, in October 2012, the NORDEON group was extended through the acquisition of the Philips site specialised in the production of fluorescent lamps located in Chalon, France. Finally, in March of 2013, Vulkan GmbH was acquired, which formerly belonged to the Hess group. NORDEON has over 400 highly skilled and ambitious employees.
Owner of the NORDEON goup is VAROVA, a Dutch-based investment company.