Auer Lighting GmbH has acquired selected assets assigned to the insolvent "Technical Sight Glass" division of Technische Glaswerke Ilmenau GmbH (TGI), including the brand "llmadur".Following the acquisition, Auer Lighting will continue manufacturing at its headquarters in Bad Gandersheim.Auer Lighting will also continue to sell its technical sight glasses under its Maxos brand.The acquisition is expected to be completed in 11.Auer Lighting GmbH did not disclose the transaction price.Auer Lighting received legal advice from a team led by partner Dr. JörgSchewe at the commercial law firm HeukingKühnLüerWojtek.

TGI, which has been in insolvency proceedings since 2014-5-9, is currently administered by insolvency administrator and attorney Klaus Siemon. The company expressed high satisfaction with the sale of the division: "In addition to the proceeds generated from the sale,12 employees now have new job opportunities.

The acquisition enables Auer Lighting to rapidly expand its precision processing capabilities for optical sight glasses.Dr. Dieter Simon, Managing Director of Auer Lighting GmbH, stated that in addition to further stabilizing the German headquarters of Auer Lighting in Bad Gandersheim, Lower Saxony, "significantly reduced response times to customer requests" was the primary motivation for the acquisition.