In this Research Note, we examine GEWISS, the Italian electrical products manufacturer highlighting the Group’s M&A strategy, demonstrated by 3 strategic acquisitions in lighting and building automation in 2024. Gewiss Group Profile Founded in 1970, GEWISS is the largest Italian corporation in the electrical engineering sector, with headquarters in Cenate Sotto, Bergamo. The company is a manufacturer of solutions for home & building automation, energy protection and distribution systems, smart lighting, and e-mobility. They achieved €620 million in revenue in 2023, and are present in over 100 countries, with 9 production plants, 28 commercial/service companies, and over 2,200 employees. Acquisition of Tvilight On 18th December 2024, GEWISS announced the acquisition of 75% of TVILIGHT, a Dutch startup, founded in 2012. Tvilight claims to be a European market leader in smart city street lighting solutions, with over 800 smart lighting projects deployed across 20+ countries, in cities such as Amsterdam, Berlin, Dortmund, Helmond, Jaipur and Seoul. […]
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