Golden Sea acquires SGM

Golden Sea has announced the acquisition of SGM Light AS. Effective immediately, SGM will begin to restart trading under a new legal entity, while retaining the SGM name.

Established in Italy in 1975, Denmark-based SGM first joined the industry as an IP65 moving lights manufacturer and more recently shifted its focus to architectural lighting. Golden Sea noted that both these aspects align with its current investments in both entertainment and architectural IP65 solid state lighting products.

According to the manufacturer, SGM was the first in the industry to launch all-weather waterproof moving head fixtures. Furthermore, the company boasts experienced R&D, creative, operations and sales teams alongside mature sales channels and partners which Golden Sea will leverage through the agreement.

SGM’s technology covers both the architectural and stage lighting portfolios and the company regards its products as having low maintenance costs, unique design and consistent performance. The manufacturer’s solutions are used in many projects worldwide, including Singapore’s Sky Tree Lighting as well as on Adele’s recent record-breaking shows in Munich.

“Our investment in SGM aligns with Golden Sea’s future strategic and long-term development plans,” said Christopher Agius Ferrante, VP of Golden Sea. “The purchase of SGM is highly complementary to our existing business and will help to enrich and strengthen the product range and expertise that we can offer all our clients – for both architectural and stage lighting equipment.”

Golden Sea noted that all SGM Denmark staff will remain in place. “We strongly value the whole SGM team and are excited to have them on board as we seek to invest and grow in our determination to make SGM sustainably successful,” furthered Ferrante.