Zumtobel Group expands Business in India 11. October 2007

The Zumtobel Group in Austria is one of the few global players in the lighting industry.  Zumtobel Group has acquired 60% of Thorn India Pvt. Ltd.'s share and is now holding a controlling interest of 70 % 

The Zumtobel Group has acquired 60% of Thorn India Pvt.Ltd’s shares and is now holding a controlling interest of 70%. The company is a sales organisation with more than 40 staff members, distributed among four branches located in Delhi, Mumbai/Bombay, Bangalore and Chennai. At present, it generates sales of nearly EUR 6 million. In 2010, the Zumtobel Group will acquire the remaining 30% of Thorn India Pvt.Ltd. The current management will continue Thorn India’s business.

Thorn India Pvt. Ltd. was established in 1997. The dynamic development of the Indian lighting market
has been the reason for acquiring the shares – with a market volume of more than EUR 400 million,
India is the industry’s eleventh largest sales market. Andreas J. Ludwig, CEO Zumtobel Group,
seeks to boost growth in Asia through strong commitment: "Besides technological innovation and
the development of new applications, organic growth in clearly defined regions is one of the main
pillars of our growth strategy. With nearly 10%, the Indian market’s potential for growth clearly exceeds
the European average. Having acquired a majority holding, we can now continue to expand our
presence in this growth market."

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