Nordic Lights

In 1992, a high-tech powerhouse was founded in Pietarsaari, Finland, with a singular focus: to create exceptionally durable, heavy-duty work lights. This company, Nordic Lights, carved out a niche by engineering lighting solutions for vehicles in the most demanding industries, including mining, construction, forestry, and agriculture. They developed a reputation for quality, supplying industry leaders like Caterpillar and John Deere. A significant chapter in the company's story began in December 2018, when Sponsor Fund IV acquired a majority stake in Nordic Lights as part of a larger deal involving Herrmans Oy Ab. This led to a strategic demerger in the autumn of 2021, which established Nordic Lights as a separate, distinct company. This move set the stage for the company's next major milestone. On July 5, 2022, Nordic Lights was successfully listed on the Nasdaq First North Growth Market in Helsinki. The company's time as a publicly traded entity was short-lived. In early 2023, Methode Electronics, a US-based global supplier of engineered solutions, announced its intent to acquire Nordic Lights. The acquisition was completed in May 2023, with Methode gaining over 90 percent ownership and initiating proceedings to acquire the remaining shares. Nordic Lights was subsequently delisted, marking its transition from a publicly-traded firm to a key part of a larger, global engineering and manufacturing company.