Nordic Business Report-November 29, 2006-Swedish lighting solutions provider AB Fagerhult acquires French company Eclairage Conseil Lyonnais (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish lighting solutions provider AB Fagerhult said on Wednesday (29 November) that it has agreed to acquire French company Eclairage Conseil Lyonnais (ECL). ECL, based St Genis Laval in France, provides lighting solutions for the retail industry. Fagerhult said that the acquisition will strengthen its position in the European retail lighting industry, as well as create a platform for future growth in the French market. No financial details were disclosed, but Fagerhult said that it expects the transaction to have a positive effect in 2007. Fagerhult Group, headquartered in Habo, Sweden, develops and manufactures professional lighting systems and decorative lighting. The company has 1,600 employees and an annual turnover of SEK2bn. Fagerhult Group is quoted on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))