AARHUS, Denmark — Although the future of SGM seemed uncertain with reports of a bankruptcy filing in early November, by Nov. 9, the company noted that Peter Johansen (pictured here, left) will continue in a leadership role as CEO. The company is now owned by Eurofinim, led by CEO Paolo Covre (pictured right.)
“I have followed SGM from the sidelines for quite some time,” Covre said. “This is the kind of company I trust and I am honored to be a part of. It just needed a financial injection to continue and enhance its growth.”
“Paolo and I share many viewpoints, and I am sure he will become a great asset for SGM,” Johansen said. “I am happy to have him on board. SGM is now stronger and more motivated than ever before.”
The company said its team, distributor network, and warranty commitments are identical as before and will not change.
For more information, please visit www.sgmlight.com.
