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Omikron Design acquires majority stake in Nemo

Milan-based Omikron Design has signed an agreement with Poltrona Frau Group for the acquisition of its majority stake in Nemo, the lighting division of Cassina.

Omikron Design will acquire 51% of Nemo Design srl into which the Nemo operations will be transferred.

Nemo, established by Cassina in 1993, produces decorative lighting designed by, amongst others, Carlo Forcolini, Foster+Partners, Karim Rashid and Vico Magistretti.

Recently, we have praised them for taking a lead in the most important trend in decorative lighting at the moment -- the re-editing of the greatest 20th century designs. As a result, we've welcomed back lights by Franco Albini, Le Corbusier and Charlotte Perriand.

States Federico Palazzari, Chairman and CEO of Omikron:

“Challenge for growth, in particular among design companies, implies a constant research to identify best balance between technical innovation, aesthetics and experimentation. LED revolution is in its early stage and we believe that Nemo’s know-how, alongside with Omikron’ experimental spirit, will deeply strengthen the company position as one of the leading players”.

 

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