Nualight, a maker of lights for fridges backed by ESB Novusmodus, the €200m ($250m) corporate venturing fund of Ireland-based power utility ESB, has bought Netherlands-based light-emitting diode (LED) technology company Lumoluce.
The deal brings Nualight’s 2011 revenues to more than €25m and values Lumoluce at more than €10m.
Novusmodus provided funding with a €4m investment, alongside Nualight’s other investors, including clean-tech venture capital firm Climate Change Capital.
Bertrand Gautier, a partner of Novusmodus and a director of Nualight, said: “Nualight…
