Foundation and Investment in ‚Steinel Intelligent Technology System Shanghai Co. Ltd.'
With more than 1,400 employees Steinel group is the European market leader in sensor-controlled lighting.
As of 2012 FE has been building up and co-ordinating Steinel’s sales network in China. Since then the industrial sales specialists of FE and Steinel have been taking care of a growing network of dealers and customers in the core regions of China. A number of big project orders, such as the New Beijing Airport, have been won since then.
For projects of such enormous size the Chinese buyers require a strong local presence of the International bidders. This was a key driver for Steinel group to establish a Sales & Service Co. in China in 2017. FE was in charge of the complete foundation procedure of ‚Steinel Intelligent Technology System Shanghai Co. Ltd.‘.
FE has invested 25% of share capital in ‚Steinel Intelligent Technology System Shanghai Co. Ltd.‘. Besides its entrepreneurial commitment in sharing risks, FE is also taking care of the accounting and, same as before, of the sales in the Chinese market.