Completion of Acquisition of Küttel AG

Oslo (Norway) / Kriens (Switzerland), 7 May 2018

With reference to the previously announced agreement between Glamox AS and Regent Beleuchtungskörper AG (seller) for Glamox AS to acquire all equity interest of O. Küttel AG (Küttel), a leading Swiss provider of lighting for the professional building market, from the seller.

On 3 April the acquisition was successfully completed as Glamox AS and the seller executed a share purchase agreement under which Glamox AS acquires from the seller 100% of the shares in Küttel.