Vitec Group to Acquire Litepanels

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Mon, 09/08/2008 - 20:00 -- Nick Dager

Litepanels has signed an agreement to be acquired by the Vitec Group supplier of products and services for the broadcast entertainment and photographic industries. Litepanels provides LED (light emitting diode) lighting systems for the television broadcast video and film industries. Its lighting products are a complementary addition to the Vitec Group Broadcast Systems Division which includes such brands as Sachtler Vinten Autoscript and Anton/Bauer. 

Litepanels has developed an innovative range of LED on-camera and stand-mounted lighting systems which have gained broad acceptance with lighting and broadcast professionals. The company is backed by a strong patent portfolio and its award-winning products 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. Additionally Litepanels recently delivered lighting systems to NASA for use in the International Space Station.

Litepanels' LED lights are beneficial due to their low power consumption low heat generation and wireless battery capability. The trend toward LED lighting is expected to continue to grow rapidly as lighting directors convert to this technology. 

Based in North Hollywood California Litepanels was founded in 2005 by five partners with extensive hands-on lighting experience. All will stay with the company and continue their operational responsibilities. Litepanels partner Ken Fisher says “We are certain that this new strategic alliance with The Vitec Group will allow us to continue to bring the most innovative products and technology to our customers and dealer network.”
Joop Janssen chief executive of Vitec Group's Broadcast Systems division says “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 The Vitec Group