Enevis has signed an exclusive supply agreement with LumiGrow. The evergreen contract enables Enevis to leverage its existing skill base to enter the protected cropping markets and other emerging horticultural markets in Australia, New Zealand and parts of Asia.
The Enevis business platform contains the electrical, lighting and IT skills and knowledge, as well as the corporate services, to support the deployment of state-of-the-art LED lighting systems such as those developed by LumiGrow.
Enevis’ CEO, Mr Peter Jinks, said, “LumiGrow’s smart LED grow lights can be installed in new facilities or retrofitted to existing glasshouses, making it an ideal tool for growers wanting to improve their crops and increase their productivity. LumiGrow lighting is a disruptive technology that will generate industry efficiencies and improve growers’ margins.”
“The new agreement is a natural extension for Enevis, in terms of its strategy to diversify and leverage new lighting technology and associated software, and the board is currently reviewing its options with respect to the working capital required to fund this opportunity,” said Mr Jinks.
LumiGrow Chief Executive Officer, Jay Albere, said, “The Australian and New Zealand markets are a logical next step in terms of our growth, given their size and potential for transition from traditional horticultural methods to smarter systems that place fewer demands on the natural environment. We’re looking forward to a strong and productive relationship with Enevis which clearly has the experience, capability and vision to introduce the LumiGrow brand and technology to the market.”
Enevis has created a dedicated business, under the brand of Enegrow, to focus exclusively on the protected cropping and other horticultural markets. This business unit will create further efficiencies, with three discrete business units using an established operating platform with a proven management team, business acumen and networks, and the ability to offer fully financed solutions to help the market transition.
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