Prosperity Group signs agreement to acquire Traxon Technologies to strengthen our profile in dynamic lighting business
Prosperity Group is delighted to announce that an agreement has been reached to acquire the Traxon Technologies (“Traxon”) business, including the benchmark dynamic lighting controls e:cue. Traxon is a global leader in providing complete dynamic media and facade lighting solutions. It acts as a one-stop-shop for complete, sustainable, and intelligent lighting solutions for architectural, entertainment, hospitality, and retail lighting experiences. With this acquisition, Traxon will maximize the value of Prosperity Group’s full spectrum of lighting solutions.
Prosperity Group is a modern conglomerate deep-rooted in the lighting industry with investments and operations across diversified business sectors in global markets and has been a long-term partner to OSRAM for over 40 years. “With this acquisition, we take a significant step into the global lighting market, with strengthened ability to provide complete solutions and services globally,” said Jack Chong, General Manager of Prosperity Group. “Running as an independent company within our group, Traxon will continue to drive its mission as a global leader in dynamic lighting and general lighting solutions and provide professional services and support to customers and projects.” Meanwhile, as a testament to the long-term trusted partnership with OSRAM, we are delighted to become the licensee for the OSRAM brand for Traxon’s high-quality luminaire products.
While Traxon has strong support in professional and comprehensive services spanning from lighting design, product engineering and development, project planning and management, system integration, testing, and commission to system maintenance, Prosperity Group anticipates this acquisition will further widen and deepen our solution offering.
With this acquisition, our full spectrum of products and services will allow us to continue to meet and exceed our customer expectations, enabling us to further deepen our bonds. We have a very exciting and bright future ahead of us, and we hope our clients and vendors will continue on this journey with us together.
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