LEDiL develops and sells secondary optics (plastic lenses which through design and material properties focus light from a source) for LED lighting. The company has proprietary products sold globally through its own sales force as well as through agents and distributors with emphasis on Europe, North America and Asia. Production is carried out by subcontractors in Finland and China. The products are found exclusively in commercial applications such as retail stores, offices and street lighting.
The global lighting market has annual sales of approximately SEK 850 billion, with LED market penetration amounting to approximately 20-25%. Underlying growth is driven by the rising population, urbanisation and an increased interest in lighting. LED technology has revolutionised the lighting market through light quality, design flexibility, lower energy consumption, environmental friendliness and superior operating life. The Taiwanese company LedLink is the largest competitor.
LEDiL’s products are instrumental in the conversion to more environmental lighting and thereby, to reduced climate impact. Prioritised sustainability issues are the company’s climate impact in the value chain, as are human rights and working conditions among the subcontractors.
Global expansion and organic growth
LEDiL is a fast-growing, profitable and innovation-focused company that has built up a strong market position within its niche. The company’s opportunities for continued organic growth within several product areas and markets, combined with the underlying rising demand for energyefficient, environmentally friendly and high-quality LED lighting, will be growth drivers in the years ahead. Investments are made in establishments in new markets and reinforcements in the organisation, such as in product development and sales.