Lucibel SA (ENXTPA:ALUCI) acquired Lorenz Light Technic from Jean-Marc Lorenz and Anais Lorenz for €1.1 million on April 11, 2019. Lucibel paid an initial cash payment of €1.1 million and three price supplements corresponding to: 60% of net income of Lorenz Light Technic in respect of the fiscal year ending March 31, 2019; 30% of net income of Lorenz Light Technic in respect of its financial year ended December 31, 2019 and 20% of net income of Light Technic Lorenz in respect of its financial year ended December 31, 2020. Lorenz Light Technic had cash, net of any bank debt of €0.59 million on the day of the closing. Lorenz Light Technic reported a turnover of €4.2 million for 12-month period ended March 31, 2019. Jean-Marc Lorenz remains Chief Executive Officer of Lorenz Light Technic and was appointed member of the Executive Committee of the group Lucibel. The acquisition in an accretive transaction for Lucibel. Lucibel SA (ENXTPA:ALUCI) completed the acquisition of Lorenz Light Technic from Jean-Marc Lorenz and Anais Lorenz on April 11, 2019.