Gimv Consumer has acquired a majority stake in Lupine Lighting Systems, a leading German manufacturer of high-performance portable lighting solutions, while founder Wolf D. Koch reinvests to remain a minority shareholder and continue driving innovation.

Information on the Target

Lupine Lighting Systems, located in Neumarkt, Bavaria, Germany, specializes in developing and producing high-performance portable lighting solutions tailored for (e-)bikes, outdoor pursuits, and tactical applications. The company is renowned for its commitment to quality, with all its products being 'Made in Germany.' By maintaining a focus on sustainability, Lupine ensures that its lamps are characterized by a long lifespan, durable materials, and a design that promotes reparability. Whether through well-established dealer networks, importers, or a growing direct-to-consumer sales channel, Lupine continues to reach a wide audience of outdoor enthusiasts.

As a leader in portable lighting technology, Lupine has established itself as a preferred innovation partner for prominent bike manufacturers, including Canyon. Additionally, the brand is celebrated by outdoor sports champions who rely on Lupine products. Positioned within the Home & Family segment, Lupine is at the forefront of the Sports & Leisure market, catering to the increasing demand for premium lighting solutions.

Industry Overview in Germany

The German market for outdoor and recreational products has shown impressive growth in recent years, driven by increased consumer interest in outdoor activities, adventure sports, and the rising popularity of e-bikes. As a result, the demand for high-performance,