IKEA VC group invests in Scottish LED manufacturer
IKEA GreenTech venture capital company has invested in Design LED Products Ltd, Livingston, Scotland, a manufacturer of LED lighting using “light tiles” – LEDs embedded into clear resins and films.
Home-furnishings giant IKEA, Leinden, Netherlands, said its IKEA GreenTech venture capital company has invested in Design LED Products Ltd, Livingston, Scotland, a manufacturer of LED lighting using “light tiles” – LEDs embedded into clear resins and films. The tiles are extremely thin, flexible and low cost and can be seamlessly joined together to create new designs, which will be added to IKEA’s retail offerings. The investment will enable Design LED to expand its business and to increase its offer of products that can be used in lighting designs for the home.
“This technology opens up fantastic possibilities for innovative designs using energy efficient LEDs. The partnership is a clear strategic fit for IKEA and our goal to make living sustainably affordable and attractive for millions of people,” says Christian Ehrenborg, managing director, IKEA GreenTech AB
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Doug Chandler, Senior Staff Writer
Executive Editor
Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.
