Zumtobel Takes Over Chinese Affiliate

Business › Economy ♦ Published: July 29, 2013; 12:11 ♦ (Vindobona)

Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.

Zumtobel Takes Over Chinese Affiliate / Picture: © Zumtobel Lighting GmbH

As per July 22, 2013 the Chinese company has been integrated 100 percent as Zumtobel Group’s affiliate, the Austrian enterprise announced on Monday. With this step, an important precondition for the realization of further plans of growth has been fulfilled. The parties have agreed not to disclose details about the purchase price.

The weak economy has had a negative impact on…

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