Agreement Signed for the Acquisition of the Beghelli Group

The completion of the acquisition, which is subject to the occurrence of certain conditions specified in the press release, is expected to take place by the first quarter of 2025. Subsequently, Gewiss S.p.A. will be required to launch a mandatory public tender offer for the remaining outstanding shares of Beghelli, with the aim of delisting the company.

The project aims to:

• Ensure continuity for Beghelli’s employees, collaborators, and customers by integrating into a group with solid Italian roots, shared values of integrity, excellence, and sustainability, and a managerial governance model already focused on transparency and innovation;
• Strengthen market presence: the integration of the highly recognized Beghelli brand in Italy with Gewiss' global expertise will allow the consolidation of market share in the lighting sector;
• Expand the range of innovative solutions: combining Beghelli’s technological expertise in emergency lighting with Gewiss' know-how in energy management and smart lighting will enable the development of integrated products and services to better meet the evolving needs of the market and our customers, who can rely on an even stronger team.