Hess GmbH Licht + Form: Hess under the umbrella of the Nordeon-Group

Hess GmbH Licht + Form: Hess under the umbrella of the Nordeon-Group

ID: 301835

(firmenpresse) - (DGAP-Media / 01.10.2013 / 18:00)

Hess GmbH: Hess under the umbrella of the Nordeon-Group

- Takeover of the operational business by way of an asset deal
- New products and innovations for the Light + Building 2014

Villingen-Schwenningen, 1st October, 2013. As of today, Hess is officially
part of the Nordeon-Group.

As already reported, Nordeon takes over all assets necessary for the
continuation of business operations of Hess AG at the site in
Villingen-Schwenningen by way of an asset deal. The sales company of Hess
located in Stockholm (Sweden) as well as the production site and sales
department of Hess in Gaffney (USA) are also part of the takeover. All
employment contracts of the nearly 180 Hess employees are being continued.
Pierre van Lamsweerde, CEO of the Nordeon-Group, is taking over the
management of Hess.

With the Nordeon-Group, Hess has a strong partner at his side: With
Nordeon's solid financial foundation, Hess can entirely focus on its core
business again - the development and manufacturing of premium, innovative
and design-oriented outdoor luminaires as well as 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. Our highly dedicated
employees cater for just about all of our customers' needs regardless how
demanding they may be. 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. The
well-filled order book also displays the trust of our customers in the
partnership of Hess and Nordeon'. Hess is going to present a wealth of new
products at the Light + Building 2014.

'We are working at full speed at being able to present our customers




completely new product families at the leading light trade fair Light +
Building. In addition, many of our products will undergo a technical
relaunch', adds Georg Bremecker, Head of development and operations at
Hess. 'Our product program Avangardo 2 will further reinforce the range of
home-associated products. This product program was refined intensively
during the past few months with the result that we are going to offer all
product families of Avangardo 2 with LED technology still in this year'.
Avangardo 2 is characterised by the reduced design of the products that
allow for creating highly diverse lighting atmospheres with a premium
finish. Specially designed light exits effectively draw attention to the
wall structure and wall material for instance.

Hess becomes even more efficient and more flexible in the future through
the strong partnership with Nordeon. The large technical expertise within
the group enables Hess to process technical innovations much quicker to the
start of production. Customers of Hess benefit sustainably from this.

To Nordeon:
Nordeon is a new innovative manufacturer of light. However, it can rely on
decades of experience in the field of developing lamps and luminaires.
Nordeon was founded in October of 2012 as part of the purchase of Philips'
development and production site for professional lighting in Springe,
Germany. As early as two months afterwards, in October of 2012, the NORDEON
group was extended through the acquisition of the Philips site specialised
in the production of fluorescent lamps located inChalon, France. Finally,
in March of 2013, Vulkan GmbH was acquired, which formerly belonged to the
Hess group. NORDEON meanwhile has over 400 highly skilled and ambitious
employees.
Owner of the NORDEON goup is VAROVA, a Dutch-based investment company
focussing on the long-term perspective and sustainability.

To Hess:
Hess offers a wide range of design-oriented luminaires and meets all
requirements for lighting design in the public space as well as for the
indoor and outdoor illumination of objects. The product portfolio is
completed by premium street and site furnishings. Hess offers hereby a
perfect combination of luminaires and street and site furnishings for
holistic concepts of urban and landscape design.
Hess invests a great deal in the development of design-oriented and
energy-efficient lighting products. When it comes to redesign and
renovation of cities, Hess is the right contact partner for municipalities.
Hess accompanies architects, planners, cities and builders from the design
to the installation of luminaires and city furniture, which are often
customer-specific solutions. Due to the special and distinctive design
language and the already mentioned special solutions, Hess is considered in
the market as a manufacture for high-quality and decorative urban solutions
comprising outdoor lighting and city furniture.
About 180 people are employed at the production sites in
Villingen-Schwenningen and Gaffney (USA).


Contact:
Hess GmbH Licht+Form
Marco Walz
Communications
Lantwattenstraße 22
D - 78050 Villingen-Schwenningen
Tel.: +49 (0) 7721 920-475
Fax: +49 (0) 7721 920-771475
EMAIL: marco.walz(at)hess.eu


End of Media Release

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Issuer: Hess GmbH Licht + Form
Key word(s): Enterprise

01.10.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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232863 01.10.2013


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Datum: 01.10.2013 - 18:00 Uhr
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