Stek advises Lemnis in joint venture with NTL Electronics
Dutch independent LED player Lemnis Lighting B.V., producer of the Pharox LED bulb, and Indian lighting giant NTL Electronics have merged their LED activities in a new company, named NTL-Lemnis. The new company is fully operational as per 1 April 2012 and has its headquarters in the Netherlands. NTL-Lemnis will primarily focus Europe, Africa and India. Lemnis Lighting has a vast experience in design, innovation and commercialization of LED lighting. NTL is strong in the field of development, production and logistics. Both parties have been working closely together for several years already. In 2020 more than 60% of all general lighting in the world will be based on LED technology, a recent report by McKinsey estimates. Please click here for the press release.