Steinel Group has acquired a majority stake in California-based software company CHIEF Integrations, enhancing its capabilities in lighting control software and strengthening its presence in the North American building intelligence market.

Information on the Target

The Steinel Group, based in Herzebrock, has acquired a majority stake in CHIEF Integrations, a software company located in Mission Viejo, California. This acquisition will enhance Steinel's expertise in lighting control software, reinforcing its position in advanced sensor technology and building intelligence. The transaction has been successfully completed, although both parties have agreed to keep the financial details confidential.

CHIEF Integrations has been a long-standing partner of the Steinel Group, specializing in the development of lighting control software tailored for the American market. This software facilitates the deployment of Steinel's technology in large commercial buildings, including convention centers, hotels, offices, and sports arenas. The acquisition comes as part of a succession plan, wherein Steinel takes over the majority of shares, and the team led by co-founder Mark Kohlmann will continue to boost software capabilities within Steinel and support the growth of its rapidly expanding American operations.

Industry Overview in the Target’s Specific Country

The market for building intelligence and smart lighting solutions in the United States is experiencing significant growth, driven by increasing demand for energy-efficient technologies and th