Why We invested
Trend – Economical, sustainable, smart, the LED technology is transforming the global lighting market to take it to the digital age: with key assets, LED should take about 70% of the general lighting market by 2020 whereas LED represented less than 9% of the market in 2011.The lighting market is profoundly transformed by the fast penetration of LEDs. Light sources are now directly integrated into fixtures. Lighting is becoming digital and easier to control. Sensing and control capabilities are being distributed and often directly integrated into the fixtures.
Strengths – As a true LED lighting specialist, Lucibel offers dedicated solutions providing its business customers with benefits in terms of energy efficiency, productivity and image that go well beyond the light. Lucibel was a pioneer in Europe in high-end applications lighting applications, in which the quality of lighting matters. The company has developed many high selling flat lighting models and thanks to a strong acquisition capability, the company has been able to build highly customized offers dedicated to some market segments.
Development thesis – Aster Capital is helping Lucibel to expand its geographical footprint into new geographies and leveraging business opportunities with Schneider Electric in multiple sectors. Following Aster’s investment, Lucibel has successfully managed the acquisition of two lighting specialists and partnered with Schneider Electric on several topics, one of the most recent being a joint-venture company: SLMS (Schneider Lucibel Managed Services) dedicated to the commercialization of LiFi based innovative point-of-sales emotional marketing solutions.