HESS AG: NORDEON TAKES OVER BUSINESS OPERATIONS OF HESS
- Nordeon acquires all shares, activities, and employees of Hess effective October 1, 2013
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.”
Hess becomes even more efficient and flexible in the future through the strong partnership with Nordeon. The extensive technical expertise within the group enables Hess to integrate technical innovations into market ready products with faster cycle times. We look forward to Light + Building 2014 to showcase new products of the restructured Hess. “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.
Information about HessAmerica architectural outdoor lighting products and site amenities is available by contacting authorized HessAmerica professional independent lighting sales representatives at: www.hessamerica.com/About_us/Representative/. Website: www.hessamerica.com.