OptEX Group has acquired Finnish industrial lighting manufacturer ATEXOR OY to enhance its product offerings and expand its business in the European market.

Information on the Target

OptEX Group, recognized for its development of sensors for security and automatic doors, has made a strategic move by acquiring ATEXOR OY, a Finnish manufacturer specializing in industrial lighting. ATEXOR, located in Uusimaa County, is renowned for producing lighting solutions tailored for hazardous environments, including industries such as oil and gas, chemicals, and defense. This acquisition aims to enhance OptEX Group's foothold in the European market.

Incorporating ATEXOR into its portfolio allows OptEX Group to expand its range of products specifically designed for dangerous areas. This strategic alignment not only bolsters their product offerings but also enables them to maximize cross-selling opportunities and strengthen compliance with European regulations regarding safety and efficiency in hazardous environments.

Industry Overview in Finland

The industrial lighting sector in Finland is witnessing significant growth, driven by the increasing demand for high-quality and efficient lighting solutions in hazardous environments. As industries such as oil and gas become more safety-conscious, the need