Litepanels set for acquisition by Vitec Group
September 9, 2008
LED company Litepanels has inked an agreement that will see it acquired by the The Vitec Group. Litepanels' lighting products will make a complementary addition to the Vitec Group Broadcast Systems Division, which already includes brands like Sachtler, Vinten, Autoscript, and Anton/Bauer.
Based in North Hollywood, California, Litepanels was founded in 2005 by five partners with extensive hands-on lighting experience. All five will stay with the company and continue their operational responsibilities.
Joop Janssen, Chief Executive of Vitec Group's Broadcast Systems Division said: "We are really excited to welcome Litepanels' entrepreneurial team of professionals to the Vitec Group. Litepanels will give us the best LED lighting products in the industry and we all expect LEDs to be the future in broadcast and film lighting."
Litepanels has developed an innovative range of LED on-camera and stand-mounted lighting systems, which offer low power consumption, low heat generation and wireless battery capability. They are used both on-location and in studio environments, including installations at the White House press briefing room and on CNN's mobile broadcast studio. The company has also recently delivered lighting systems to NASA for use in the International Space Station.