2022 Lyco Group (add-on)
Marketplace for LED lighting
In October 2018, Miura launched its third fund, Miura Fund III, by investing in EfectoLed, the leading European online LED distributor. The company commercializes technical and residential lighting solutions using LED technology, ranging from domestic to industrial lighting, as well as all sorts of electrical components. EfectoLed has consolidated its leading position within the European market thanks to its wide range of specialised products, excellent customer service and guaranteed delivery within 24 to 48 hours all over Europe.
The online LED lighting sector has grown by more than 50% annually in recent years and is expected to keep growing at c. 30% annually driven by LED technology’s higher efficiency compared to other technologies, and the sector’s growing online presence. Regarding the electric transportation market, it is expected to grow due to the increasing popularity of clean, sustainable and affordable means of transport in the main European cities.
The entry of Miura will accelerate EfectoLed’s internationalisation plan and reaffirm its European leadership. EfectoLed is currently the market leader in Spain, France, Italy and Portugal, and it plans to reinforce its presence in the United Kingdom, Germany, Poland, the Netherlands and the Nordic countries. EfectoLed‘s growth strategy envisages strengthening its position in the professional channel (installers) by expanding its range of products and services.
In 2022 efectoLED acquires Lyco Group, one of the UK’s leading online distributors of lighting products. With this transaction, efectoLED positions itself as a leader in the UK online lighting sector and consolidates its position in Europe. In addition, the company is to operate a new warehouse in northern France, which together with the acquisition of Lyco, will boost its European expansion plan resulting in over €100 million turnover.