GUD Holdings agreed to acquire European lighting distribution business RVX, also known as Rindab AB, for about 83.6 million Swedish kronor (~$12 million).

RVX mainly distributes Vision X lighting products and other vehicle accessories, aligning well with the existing products of GUD unit Brown and Watson International.

Under the deal, RVX will be incorporated into the Brown and Watson International group but will retain its leadership team.

The acquisition will be completed by Nov. 1, funded through GUD debt facilities.