Optronics International, a manufacturer and supplier of heavy-duty vehicle lighting, has been acquired by Lucidity Enterprise Co., Ltd.
In its new position, Optronics says it will operate as an independent business unit of the Taiwan-based lighting company, giving it direct access to Lucidity’s manufacturing strength, R&D capability and experience with the global vehicle lighting marketplace. The acquisition is the result of a longstanding, strategic relationship between the two organizations.
“Optronics has firmly repositioned itself and this will absolutely change the competitive hierarchy in heavy-duty lighting,” says Brett Johnson, president and CEO of Optronics. “OEs will gain access to a lighting manufacturer with global sophistication, fleets will enjoy increased product availability and everyone will benefit from new, innovative technology and the industry’s most competitive pricing structure.”
“Optronics complements Lucidity’s strategic objective of bringing imaginative, relevant and competitive lighting technology to the North American vehicle marketplace and the larger world,” says Wayne Huang, chairman of Lucidity. “As a result of this investment, we expect to raise the bar, by delivering more advanced technology, more product availability and more choices to our customers.”
Lucidity purchased Optronics International from Harvard Place Investments (HPI), which has owned the company since 2009. Optronics says customers and industry partners will see no change in service, accountability or how the company conducts business.