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Fagerhult acquires Designplan Lighting Ltd

Fagerhult acquires Designplan Lighting Ltd
 
In order to further strengthen the Fagerhult Group position in the UK
market as well as adding a complementary product range for the
international market, Fagerhult has acquired 100 % of the shares of
Designplan Lighting Ltd (Designplan) based in Sutton, the UK.  The
acquisition will have a positive effect on the earnings per share during
2011 and forward.
 
Designplan has 180 employees and manufactures lighting fixtures
primarily for environments where weather and vandal resistant lighting
is needed e.g. prisons and transportation. The company has sales
turnover of approximately MGBP 11 with profitability well in line with
Fagerhult Group's average.
 
“Our strategy is to become a clear leader in the European lighting
industry. With the acquisition of Designplan we will further strengthen
our position in the important UK market. Designplan is a significant UK
manufacturer and has a well recognized leadership position. Designplan's
product range and capabilities are a perfect fit to Fagerhult's existing
product portfolio and will allow us to expand Designplan sales
internationally”, comments Paul Barton, Fagerhult's Region Director for
the UK, Ireland and the Middle East.
 
Fagerhult pays a price of MGBP 10, on a cash and debt free basis, for
100 % of the shares in Designplan with an additional possible
consideration of maximum MGBP 2.
 
More information on Designplan is available at
www.designplan.co.uk (www.designplan.co.uk).
 
Habo March 11, 2011
 
Disclosures may be submitted by
 
Johan Hjertonsson CEO tel: 0046 36 10 87 06 mobile: 0046 70 229 77 93
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
  (This email address is being protected from spambots. You need JavaScript enabled to view it.
 )
 
Ulf Karlsson CFO tel: 0046 36 10 85 63 mobile: 0046 70 537 04 54 e-mail:
This email address is being protected from spambots. You need JavaScript enabled to view it.
  (This email address is being protected from spambots. You need JavaScript enabled to view it.
 )
 
Paul Barton, Region Director UK, Irland and the Middle East tel:
0044 161 331 5800 mobile: 0044 7889 861415 email
This email address is being protected from spambots. You need JavaScript enabled to view it.  (This email address is being protected from spambots. You need JavaScript enabled to view it. )
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