Lumenpulse to Be Taken Private

Lumenpulse founder François-Xavier Souvay

April 27, 2017

A group led by Lumenpulse founder, President and CEO François-Xavier Souvay (shown in photo) has reached an agreement with Lumenpulse Inc., to acquire all of the common shares. Souvay will serve as President and CEO of the private company and will remain involved in all aspects of the business and operations.

Lumenpulse Inc. is the parent company of Lumenpulse Group, a leading manufacturer of high performance, specification-grade LED lighting solutions. In addition to Souvay, purchasers include several other shareholders and Power Energy Corporation, a subsidiary of Power Corporation of Canada.

“Continuity was very important to me,” says Souvay. “As the founder and CEO of Lumenpulse, I am excited and motivated to continue to lead this great organization. We are still full of energy and ideas, and together with our new partner Power Energy we are ready to take the company to the next level.”

“Power Corporation is pleased to be associating itself with François-Xavier Souvay,” says Olivier Desmarais, Chairman of Power Energy and Senior Vice-President of Power Corporation of Canada. “We have great confidence in his leadership. As the founder and CEO, François-Xavier and his talented entrepreneurial management team have grown this Montreal-based company into an important global player.”

The transaction values the company at approximately $600 million. The $21.25 per share coffered to Lumenpulse shareholders represents a premium of 85.8% to the April 26, 2017 closing price of shares on the Toronto Stock Exchange and a premium of 44.8% to the 90-day volume weighted average price of Lumenpulse shares on the exchange from December 15, 2016 to April 26, 2017.

“This transaction is another important step for Lumenpulse, its shareholders, employees, agents and valued business partners,” says Souvay. “As a private company, we will have the resources and flexibility to continue our growth, increase our focus on innovation and the development of new products, and take another giant step towards becoming a true global leader in the high performance architectural specification grade lighting sector.”

The proposed transaction requires approval of at least 66 2/3% of the votes cast by all holders of Lumenpulse shares. The plan of arrangement is also subject to court approval and the satisfaction of other customary closing conditions, including receipts of regulatory approvals.

Founded in 2006, the Lumenpulse Group designs, develops, manufactures and sells a wide range of high performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environments. The Lumenpulse Group is a leading pure-play specification-grade LED lighting solutions provider and has earned many awards and recognitions, including several Product Innovation Awards (PIA), three Next Generation Luminaires Design Awards, two Red Dot Product Design Awards, a Lightfair Innovation Award, and an iF Design Award.

The Lumenpulse Group now has 670 employees worldwide, with corporate headquarters in Montreal and offices in Vancouver, Quebec City, Boston, Paris, Florence, London, and Manchester.

Find out more: www.lumenpulsegroup.com.

Related Articles


Changing Scene

  • LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE is pleased to announce the appointment of Sterling Architectural Products Ltd. (Sterling Lights) as their new specification agent in Ontario. This partnership strengthens LEDVANCE’s presence in the region and reinforces their commitment to serving the professional lighting design and specification community with innovative, reliable lighting solutions. With decades of experience and a service-driven mindset,… Read More…

  • May 29, 2025 - Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka is pleased to announce that its Velia, Cirra, and Junction luminaires have each received a 2025 Red Dot Design Award for Product Design. It is the 11th consecutive year that Eureka products have been honored with this prestigious award, which is a testament to the company’s consistency and relentless drive to design exceptional luminaires.… Read More…


Design

  • What is Human Centric Lighting: Benefits & Applications

    What is Human Centric Lighting: Benefits & Applications

    Human centric lighting (HCL) is a kind of illuminated way based on human physical and psychological needs. Its core goal is to imitate the changes in natural light to support the body’s circadian rhythm, improve visual comfort, and enhance mood. The key element of human centric lighting contains dynamic ​color temperature adjustment, adjustable brightness, spectrum… Read More…

  • Mac’s II Agencies: Case Study – Tesoro, Vancouver, BC

    Mac’s II Agencies: Case Study – Tesoro, Vancouver, BC

    At the crest of False Creek, Tesoro stands as a contemporary interpretation of classic luxury, offering 92 exclusive waterfront homes in the heart of Vancouver. Developed by Concert Properties, this 17-story residential tower embraces a distinctly modern character, harmonizing sleek design with timeless sophistication. The vision for Tesoro extended beyond its architectural presence—it was about… Read More…


New Products

  • GVA Lighting: PIXEL GEN2 COLOR CHANGING

    GVA Lighting: PIXEL GEN2 COLOR CHANGING

    PIXEL GEN2 is the second generation of the direct-view PIXEL series, designed for dynamic color effects, low-resolution image displays, and media façades. Built on the award-winning COLOR-STREAM platform, it delivers 16X faster communication than DMX, ensuring ultra-smooth dimming and real-time responsiveness. With INFINITY technology, PIXEL GEN2 supports lighting circuits of up to 1,565 PIXELs, providing… Read More…

  • Cyclone Lighting Introduces New Taji Luminaire

    Cyclone Lighting Introduces New Taji Luminaire

    Cyclone Lighting is excited to announce the release of its new Taji luminaire. Taji’s captivating design features high-performance optics and enhances a variety of aesthetics. Taji’s distinctive, stylish silhouette and slender lines are a refreshing departure from the ubiquitous dome luminaire. The unique flared form maintains a slender, minimalist feel yet provides high-performance optics. The… Read More…