September 22, 2026
Louis Poulsen Acquisition Officially Closes
Foundation-backed buyer completes acquisition after eight years under Flos control
Chr. Augustinus Fabrikker has completed its acquisition of Louis Poulsen, the companies confirmed September 16, ending a process that began with a June announcement and cleared Danish antitrust review two days earlier.
The deal turns Louis Poulsen's ownership back over to Danish hands after eight years under Italian group Flos B&B Italia. Chr. Augustinus Fabrikker, the investment arm of a Copenhagen foundation that already owns Fritz Hansen, now takes full control of Louis Poulsen's parent holding company. Under the Danish regulator's approval, the acquisition also means Louis Poulsen and Flos Scandinavia will no longer be affiliated, a clean break on the wholesale side.
Chr. Augustinus Fabrikker called the deal one of its largest investments to date but declined to disclose a price. That leaves the €470 million figure Inside Lighting reported in June, sourced to Radiocor, still unconfirmed by either party.
Louis Poulsen generated 2025 revenue of 966 million kr. ($145 million) with EBITDA of 286 million kr. ($43 million), a 30 percent margin. Revenue grew 8 percent over 2024 and EBITDA grew 12 percent.
For lighting people and reps in the US and Canada, the ownership change happens well above the channel they actually work in. Louis Poulsen's commercial and architectural business in North America runs a network of C&I rep agencies and ecommerce, a structure that predates this sale and isn't expected to be affected by it.
Louis Poulsen CEO Søren Mygind Eskildsen framed the new ownership as a stable platform for growth, while Flos B&B Italia's Piero Gandini cast the sale as part of a broader strategy of placing each of the group's brands "in the best possible environment."
For lighting people more broadly, the deal that took three months to move from announcement to antitrust clearance to close is now simply history. What matters going forward is what a foundation with no exit clock actually does with a brand that spent the last two ownership cycles answering to private equity.
