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Grakon

grakon.com

Founded Year

1977

Stage

Acquired | Acquired

Valuation

$0000 

About Grakon

Grakon is a designer and manufacturer of highly-engineered and customized lighting systems and components for transportation markets. The Company's products include customized interior and exterior LED lighting systems, nameplates, and trim components for OEMs in the heavy truck, specialty vehicle, and rail end markets.

Headquarters Location

1911 South 218th Street

Seattle, Washington, 98198,

United States

206-824-6000

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Grakon Patents

Grakon has filed 1 patent.

The 3 most popular patent topics include:

  • Automotive technologies
  • Car body styles
  • Electromagnetism
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/12/2018

3/24/2020

Printed circuit board manufacturing, Automotive technologies, Electronics manufacturing, Car body styles, Electromagnetism

Grant

Application Date

2/12/2018

Grant Date

3/24/2020

Title

Related Topics

Printed circuit board manufacturing, Automotive technologies, Electronics manufacturing, Car body styles, Electromagnetism

Status

Grant

Latest Grakon News

IGP Completes the Sale of Grakon

Feb 7, 2019

Published September, 2018 Industrial Growth Partners is pleased to announce the sale of Grakon Parent, Inc.  to Methode Electronics, Inc. (NYSE: MEI) for $420 million in a transaction that closed on September 12, 2018. Grakon, headquartered in Seattle, WA, is a global leader in the design, development and manufacture of advanced lighting systems, controls and components for premier OEM customers in the heavy truck, bus, rail, electric vehicle and power sports markets. Original Acquisition Details IGP, together with members of the management team and certain outside investors, purchased a controlling interest in the Company in October 2014. During IGP’s ownership, Grakon aggressively pursued its strategic growth initiatives by investing heavily in human capital, manufacturing capacity and technical capabilities to expand its global operations and product line offering. Additionally, through the strategic acquisitions of Toronto, Canada-based Hamsar and Manchester, United Kingdom-based BMAC, Grakon added new manufacturing locations in North America and Europe while accelerating the Company’s penetration into several new end markets. These investments, alongside the Grakon management team’s consistent ability to execute on the Company’s long-term strategic initiatives, positioned Grakon for its next phase of growth. “IGP proved to be an incredibly valuable partner over the last four years. IGP’s unique industrial investment focus and deep manufacturing experience enabled us to advance our operating capabilities, launch several product categories and enter into new end markets. IGP was an outstanding steward of Grakon, and ultimately, the support and resources they provided were influential to help us better serve our customers and achieve our long-term strategic goals.”

Sep 13, 2018
IGP exits Grakon

Grakon Frequently Asked Questions (FAQ)

  • When was Grakon founded?

    Grakon was founded in 1977.

  • Where is Grakon's headquarters?

    Grakon's headquarters is located at 1911 South 218th Street, Seattle.

  • What is Grakon's latest funding round?

    Grakon's latest funding round is Acquired.

  • Who are the investors of Grakon?

    Investors of Grakon include Methode Electronics, GE Capital, Industrial Growth Partners, Greenbriar Equity Group, Oaktree Capital Management and 3 more.

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