Tridonic sells magnetic ballast factory in Melbourne
The buyer of Tridonic’s magnetic ballast activities is Custom Mould Plastic Pty Ltd, a manufacturer of plastic components for a broad range of applications. The company, hitherto a supplier to Tridonic, signed an agreement to acquire all shares of Tridonic Manufacturing Pty Ltd in Melbourne. Custom Mould Plastic runs additional production facilities in the Australian metropolis.
Tridonic said it plans to continue its market presence on the Australian continent as a supplier of energy-efficient LED drivers, LED modules and converters as well as lighting control systems. The company’s sales organization, headquartered in Sydney with an affiliate in Melbourne, will focus on supporting customers in the Australian lighting industry on their conversion towards LED technology.
The sale of Tridonic’s magnetic ballast business is basically a consequence of the EU-wide restrictions with regard of the inefficient magnetics technology effective 2017. But independent of the legislation, the sales figures for magnetic ballasts were already in constant decline since 2008. In the time from 2008 through 2013, sales figures of magnetic ballasts declined by 60%. In FY 2012/2013, sales of magnetic ballasts and related products represented merely 9.4 % of the company’s total turnover.
Two manufacturing sites with a total of 151 workers are affected by the move. Tridonic is a fully-owned subsidiary if Austrian Zumtobel group.