Midstream Lighting to acquire Hyperion Grow Lights to extend horticulture sector growth and leadership
Midstream Lighting, a world leader in aviation, maritime and sports LED lighting technology today announces an agreement to acquire Hyperion Grow Lights as part of a strategy to dramatically enhance support for greenhouse growers within the European and international horticulture sectors.
The acquisition underlines Midstream’s commitment to leveraging the latest technology, design approaches and manufacturing techniques to enable growers to significantly reduce cultivation time, maximise crop yields and implement new energy efficient, sustainable operations.
Under the terms of the deal, Midstream will retain the Hyperion brand as its horticulture sector offering, and integrate the business into Midstream’s engineering development, UK & European manufacturing, customer support, and project delivery operations.
As part of its commitment to innovation, Midstream will also invest in a new 20,000-piece per year production line as a first phase to support the new Hyperion Pro series launching today at Greentech 2022 Amsterdam.
This significant increase in manufacturing capability, Midstream’s award-winning technology leadership, and its experience delivering complex projects in over 60 countries assures at-scale delivery of transformation lighting projects for horticultural clients worldwide.
The acquisition is expected to complete in July 2022.
Midstream Co-Founder and Commercial Director, Yuli Grig, says:
“Hyperion is a true pioneer in the world of high-intensity greenhouse lighting. The undoubted synergies between the two businesses, our joint focus on innovation, customer-first design and, of course, Midstream’s global scale and financial stability, further strengthen our proposition in this expanding market. We’re excited to welcome Hyperion’s staff and customers, and we look forward to hugely exciting times ahead for the brand.”
Hyperion Managing Director, Jonathan Barton, says:
“Joining forces with Midstream is great news for our business and our customers. Midstream’s established strength in LED solution design and its multi-sector global project experience builds on our own specialist horticulture expertise. Together, we are perfectly positioned to deliver the advanced lighting solutions our growers need to drive efficiency and productivity in the greenhouse.”
Midstream will be showcasing the new Hyperion Pro Series Grow lights – an advanced family of greenhouse LED lighting solutions ranging from 1000 to 4200 uMol/s – at Greentech 2022 Amsterdam. June 14th-16th. Stand 05.307
NOTES TO EDITORS:
About Hyperion
Hyperion is a pioneer in high-intensity greenhouse lighting, being the first to introduce 600W and 1000W greenhouse luminaires to replace traditional HPS/SON-T lighting fixtures. The business and Hyperion brand began life as the horticultural division of Plessey Semiconductors in 2016 and before being spun out in 2020 as an independent company. Hyperion luminaires have been installed across the U.K. and Europe in vegetable, fruit, and ornamental greenhouses, including 100% LED and Hybrid installations for new build and retrofit projects up to 5Ha in size.
About Midstream
Midstream Lighting is a leading, award-winning, global manufacturer of advanced LED high-mast lighting for the aviation, sports, marine, and horticulture industries. Based in the U.K. and serving the global marketplace, its products feature cutting-edge LED technology, including a proprietary optic lens system. The company also serves as an innovation hub, working with design consultants and architects to assist with lighting design, from master planning to the detailed design phase that helps transform venues and facilities as well and improve major and critical infrastructure.
Contact:
Sophie Collins
Digital Marketing Manager, Midstream Lighting
+44 7960691518
Email: Sophie.Collins@midstreamlighting.com