At a ceremony in Paris, Varroc Lighting Systems announced the signing of a joint venture agreement with ELBA, a privately-held lighting and electronics company based in Romania.
The JV will focus on electronics manufacturing, and, given the constantly increasing electronic content of lighting products, will significantly support Varroc Lighting’s successful growth in Europe. The JV will be located in Timisoara, Romania.
| Stephane Vedié and Bogdan Cocian |
“Varroc already designs and develops all of its own electronics hardware and software, the addition of vertically integrating the manufacturing will further support our profitable growth. ELBA is recognized as a lighting specialist in the European market, and we are looking forward to a successful partnership with them.” said Varroc Lighting Systems President and CEO Stephane Vedie
“The global lighting market is facing major changes, where electronics integration is key to address the actual and future needs of the final customer, We are eager to start this new JV, in partnership with Varroc, to vertically integrate and optimize our supply of electronic components.” said Bogdan Cocian, CEO of ELBA
The partnership with ELBA is Varroc Lighting’s second electronics-focused initiative in recent months. In July, the company acquired Sa-ba Automotive, a Turkish-based manufacturer of small lighting and electronics products
