Midstream Lighting has announced 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, maximize 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.
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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. The demand of our customers in the Aviation, Maritime, and Sports sectors has been for high performance, reliability, and robustness, and we have engineered our solutions to meet those challenges in the most complex environments around the world. We look forward to applying our knowledge and experience to deliver the best-in-class solution for horticulture. We are very 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 build 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
For more information:
Hyperion Grow Lights
www.hyperiongrowlights.com
Midstream
www.midstreamlighting.com