English
International Leasing Technologies (ILT) - Arad has increased share capital by 4 million EUR (13.02 million RON) to 5.65 million EUR (18.8 million RON) through a capital injection. The company"s capital is divided into 1,880,480 shares with a face value of 10 RON each. Following the capital increase, Zumtobel Lighting GmbH - Austria becomes the majority shareholder with 1,880,470 shares worth 18.8 million RON and equal to 99.995% of the share capital. Zumtobel AG - Austria holds ten shares, equal to 0.005%.
The Arad-based company manufactures street lighting units, stadium lighting systems and various lighting units and systems for the car, aeronautical and naval industries. The company is part of Zumtobel Group, established in Vorarlberg - Austria in 1950, a world leader in professional lighting. Zumtobel"s investment in Arad exceeds 15 million EUR. Zumtobel Group has over 7,000 employees and production facilities in Europe, Asia, North America and Australia.
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