Shilpi Cable buys UAE-based Gulf Aglow LED Lighting

Gulf Aglow LED Lighting FZCO, a UAE-based company incorporated in 2015, entered the lighting space by acquiring the 20 year old lighting business of Gulf Advanced Lighting LLC. It now manufactures and sells lighting products, including CFLs and LEDs, under its registered trademark Galux & licensed brand Westinghouse, through a retail network spread across Middle East and African countries. It also possesses a license from Westinghouse Lighting LP for sale of lighting products under the Westinghouse brand name in 54 countries.

Manish Goel, managing director, Shilpi Cable Technologies, explained, “Gulf Aglow LED Lighting FZCO is an ideal fit for SCTL as this acquisition enables us to enter the high growth sought after LED space besides adding global brands to our portfolio. It further strengthens our foothold in the B2C space which is a core category for us. We are constantly looking to add new products in our portfolio as part of our endeavour to become a leading B2C player. This acquisition also allows us to expand our domestic consumer brand Safe overseas with the help of GAL’s strong distribution network.” 

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He added, “We expect Gulf Aglow LED Lighting FZCO, which currently has revenues of approximately $ 8-10 million, to grow multi-fold and contribute significant share to our B2C business in the next 3-4 years.”

SCTL plans to take the significant market share of its B2C business within 3-4 years and this acquisition is a further step in the journey.

“We are happy to be a part of a global company. We sincerely believe that this partnership is a huge boost for GAL as we will be able to expand our geographical coverage to one of world’s largest market and take SCTL’s other leading consumer products like MCBs, switches etc to our global customer base. We continue to remain dedicated to this venture as in the past,” said Luc Van Dingenen, chief executive officer, Gulf Aglow LED Lighting FZCO.

Shilpi Cable Technologies Limited, the cable and wire manufacturer, has five facilities in India manufacturing wide variety of product including radio frequency cables, connectors, and jumpers, as well as automotive, PVC insulated battery and power control, photovoltaic solar, power energy, control, solar, telephone, LAN, and co-axial cables. The company also provides power cords, house wires, enameled copper wires, wiring harnesses, and in building wireless solutions. In addition, it sells wires, MCBs, and switches through distributors under the Safe brand name.