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Leatherman Tool Group, Inc.
12106 NE Ainsworth Circle
Portland, OR 97220-9001
Phone: (503) 253-7826
Toll Free: (800) 847-8665
Fax: (503) 253-7830
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April 2011 News
Leatherman Tool Group, Inc. Acquires German Flashlight Manufacturer, LED Lenser
Portland, OR, April 5 2011 - Today Leatherman Tool Group, Inc. signed a definitive contract to acquire a majority interest in Zweibrüder Optoelectronics GmbH & Co. KB (Solingen, Germany), the manufacturer of
LED Lenser flashlights. Founders and brothers, Rainer and Harald Opolka will remain in partnership with Leatherman as minority shareholders in Zweibrüder Optoelectronics. Terms of the transaction were not disclosed.
Founded in 1994, LED Lenser revolutionized the flashlight market with cutting-edge innovation and precise German engineering. With more than 1000 employees worldwide, the company is now one of the world's leading flashlight manufacturers. LED Lenser lights use only the brightest, highest-quality LEDs and patented optical, electronic, and manufacturing systems, They are built to withstand the rigorous demands of military, law enforcement, rescue, backcountry and industrial applications.
The light market has experienced strong growth since 2006. Proven performance, cost-savings and significant functional advantages over traditional incandescent technology have fueled the adaptation of LED technology by mainstream users. Robust 2010 projected growth for the lighting industry is estimated at 35%.