Effective June 30, 2021 the PROLED GROUP (“PROLED”), a specialist in the development, manufacture and distribution of LED lighting, has acquired a majority stake in the German premium lighting supplier, mawa design Licht- und Wohnideen GmbH (“mawa”). In the course of the transaction, founder and previous owner, Martin Wallroth, takes a stake in PROLED GROUP, the joint parent company of mawa, Uni-Bright and MBN-PROLED.
Founded over 40 years ago, the fast-growing company relies on its own production “Made in Germany” southwest of Berlin and combines intelligent robotics with solid craftsmanship. It offers LED lighting of the highest quality under the mawa® brand, including for museums, public spaces as well as retail, office and the private segment. In addition to high-quality catalog luminaires, mawa also produces custom and design luminaires, some of which are licensed from internationally renowned designers.
Martin Wallroth says: “I am very pleased to be taking the next step with my company and to have arranged my succession for the long term. I am convinced that working together in a larger group offers attractive development opportunities.” For Proled, the acquisition is an important step on the way to becoming a leading European company in the lighting market. Proled is an international lighting group, based in Germany and Belgium, majority owned by Perusa Partners Fund 2, LP.
Aquin acted as the sole M&A advisor to Mr. Wallroth.