RCF Group finalized the agreement to purchase 51% of SGM Technology for Lighting S.p.A.. The closing date for the operation is fixed for April 16th.
SGM is one of the leading companies in the entertainment and architectural lighting industry with more than 30 years of experience. The Company has a proven track record of success and counts on many prestigious references around the world. RCF Group is one of the key players in the Pro Audio business worldwide and it is currently formed by the companies RCF and AEB (which owns the brand dB Technologies). Each brand is characterized by innovative new products and continuous investments in technology.
Gabriele Giorgi, Managing Director of SGM, said: ”It is a great opportunity for us to become one of the companies of the RCF Group. Over the years we have built a very dedicated team and, together with our worldwide distribution partners, we have significantly expanded our international sales. Looking ahead we felt it was time to structure our company for a more demanding market and, being part of larger group, will provide SGM with immediate access to additional technical and financial resources. This will represent an important step forward to consolidate our leadership position, increase SGM brand visibility and assist our team in achieving future goals. An opportunity to better meet the future challenges while maintaining our company identity and historical values.”
Arturo Vicari, Managing Director of the RCF Group added: “We are extremely pleased that Gabriele and his team are joining our Group. Their dedication and passion has driven the constant success of SGM in these years. The companies in our Group have the same level of passion and dedication and we immediately found a perfect understanding between us, sharing a common vision for the future. We also share the same commitment towards high quality solutions, constant innovation and long term business relationships. SGM will continue to be focused on its existing business model, developing its own products, defining its sales and marketing strategies while benefiting at the same time from additional synergies and resources. We are very pleased to welcome SGM in the RCF Group.”