Skip to main content
PLEASE NOTE: For everyone’s safety, Fasken requires anyone on-site at our Canadian and Johannesburg offices to provide proof of full vaccination against COVID-19. This applies to lawyers, staff, clients, service providers and other visitors.
Client Work

Lumenpulse acquires Fluxwerx Illumination

Reading Time 2 minute read Subscribe



Lumenpulse Inc.

On March 10, 2016, Lumenpulse Inc. announced the acquisition of Fluxwerx Illumination Inc., a privately owned, pure-play specification-grade LED lighting solutions provider based in British Columbia, for a total initial consideration of $60 million. Founded in 2006, Lumenpulse designs, develops, manufactures and sells a wide range of high performance and sustainable specification-grade LED lighting solutions for commercial, institutional and urban environments. Including Fluxwerx’s 70 employees, Lumenpulse now has 584 employees worldwide, with corporate headquarters in Montreal, Canada, and offices in Vancouver, Québec City, Boston, Paris, Florence, London and Manchester. Lumenpulse is listed on the Toronto Stock Exchange under the symbol LMP. Fluxwerx is a manufacturer of innovative, high-performance, LED luminaires for the general lighting of commercial and institutional spaces, such as office, education and healthcare. Founded in 2011, Fluxwerx has quickly established itself at the forefront of LED lighting solution providers, with a distinctive product offering and innovative proprietary anidolic optics technology. The initial consideration paid by Lumenpulse consisted of an upfront cash payment of $36 million, the issuance of Lumenpulse shares for an aggregate amount of $20 million and a cash holdback of $4 million to be paid approximately one year after closing. The transaction is subject to post-closing adjustments and to an earn-out payment of up to $25 million, payable in cash or shares at the option of Lumenpulse. Nicolas Vanasse, Executive Vice President, Chief Legal Officer and Corporate Secretary of Lumenpulse Inc., led the legal team that included a team from Fasken Martineau comprised, in Montreal, of Peter Villani, Jean Michel Lapierre, Caitlin Rose, Marie-Christine Valois (Securities and M&A), Chloé Archambault, Svetlana Samochkine (Banking), Jean-Philippe Mikus and Sébastien Roy (Intellectual Property) and, in Vancouver, of Steve Saville, Samuel Li (Securities and M&A) and Keri Bennett (Labour, Employment and Human Rights).



    Receive email updates from our team