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A.A.G. Stucchi strengthens itself by acquiring Eutrac GmbH

21 May 2021

A.A.G. Stucchi, an Italian company in the lighting field with more than 75 years’ experience, enhances its presence in the European Market with the acquisition of Eutrac; a leader in development, production and sales of track lighting in Europe, which has a very strong presence in Germany and Europe, and has been part of the Selux Group.

 

A.A.G. Stucchi is historically a leader in the production and sales of lighting components. The company is now focusing on the development of track lighting products combining a mix of experience and innovation with the aim to grow and become a market leader in Europe. The result is complete track lighting systems for main voltage and low voltage.

“This acquisition is fundamental for the development of our long term business strategy and we are very proud to welcome Eutrac staff into the Stucchi family,” says Aristide Stucchi, president of A.A.G. Stucchi. “Europe and specifically the German markets are crucial for our growth. Having Eutrac as a partner is essential to bring brand awareness to our products. I am confident we can develop even better innovations thanks to the expertise and market knowledge of Eutrac. We strongly believe having a German company working on the German market is the right choice for our business development. Two teams in one family that can complete each other and work together to strengthen common knowledge on market and product innovation.” Klaus-Peter Siemssen, CEO Selux Group explains, “Eutrac has always been a leading brand for tracks and components. To maintain this momentum, we were looking for a strong cooperation partner to globalize the business further. With Stucchi, we found the perfect fit. Eutrac as a company, team and brand will stay independent, and at the same time, these two companies can bring their strengths together. The customers will have strong innovation benefits out of this partnership. At the same time, Eutrac and Selux will maintain a close relationship, as Selux supports the Eutrac business in many areas, such as logistics, and the two companies will continue to share their headquarters in Berlin. Eutrac and Stucchi are a very strong fit,”

“It goes without saying that both companies and especially the customers will benefit from this partnership. Innovative products and a complete portfolio will be offered in the covered markets the right way, thanks to A.A.G. Stucchi and Eutrac products and innovation combined with market experience,” adds Christoph Peitz, CEO Eutrac GmbH.

 

About A.A.G. STUCCHI

A.A.G. Stucchi was founded in 1944 in Olginate on Lake Como. With over 75 years experience, Stucchi is specialized in the design, development, and manufacturing of high quality lighting components, which deliver our customers superior performance and positioning. In recent times, the mix of company expertise and innovation brought the development of new product lines focused within the track lighting sector, while still maintaining the focus of the core business. The products are certified according to the main European, Asian, and American standards and the company complies with UNI EN ISO 9001/2008 and EN ISO 14001 standards. Moreover, the products bear the “MADE IN ITALY” trademark, which is recognized as an asset all over the world.

A.A.G. Stucchi has 200 employees as of 2021, working in a plant with 36,000 m2 of operating surface. The annual revenue is approximately 35 Million euros, with 60% of the revenue generated in the export market; this is why international market coverage is very important. The company has subsidiaries in North America, Hong Kong and Shanghai and agents in 80 countries, covering almost the entire world. Production consists ofsix product families: track lighting systems for 220V and 48V, aluminium for the lighting industry, lighting adapters, LED lighting components and traditional lighting components.

 

About Eutrac

Eutrac is a major manufacturer and global exporter for innovative track systems and adapters for lighting solutions with headquarters in Berlin. Founded in 1988, Eutrac GmbH is a 100-percent subsidiary company of Selux AG. In 2019 the private equity firm CMP acquired Selux AG. The Selux Group is a leading supplier of interior and exterior luminaires and lighting components under the brand names of Selux and Eutrac with a strong international presence in Europe, North America and selected growth regions worldwide. Over the last 30 years, Eutrac has successfully developed unique products such as the first DALI track system, the first invisible adaptor, as well as the first invisible electronic driver on the market.

Today, Eutrac is specialised in design, R&D and manufacturing of high-quality lighting components worldwide. Eutrac understands electricity as a design tool. With open systems, Eutrac offers creative options for energy management that is not only flexible but also comfortable and inspiring – from the first idea to the last cut on the construction site. Eutrac is aware of its ecological and social responsibility and acts accordingly. During development, for example, Eutrac pays close attention to minimizing the use of materials and, additionally, outsources a part of their production to workshops for the disabled.

 

 

A.A.G. Stucchi is historically a leader in the production and sales of lighting components. The company is now focusing on the development of track lighting products combining a mix of experience and innovation with the aim to grow and become a market leader in Europe. The result of this are complete track lighting systems for main voltage and low voltage.

 

 

A.A.G. Stucchi has 200 employees as of 2021, working in a plant with 36,000 m2 of operating surface located in Olginate.

 

 

Eutrac is a major manufacturer and global exporter for innovative track systems and adapters for lighting solu tions with headquarter in Berlin.

 

 

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