Zumtobel buys British LED lamp manufacturer
The Austrian Zumtobel Group has taken over the LED lamp manufacturer AC/DC LED Holdings Ltd (acdc) from Barrowford, north of Manchester.
acdc is a supplier of architectonic LED facade lighting and lighting solutions for hotels and restaurants. The company has about 120 employees and generated an annual turnover of approx. EUR 17 m in 2014.
As a first step Zumtobel has taken over 60% of the shares in acdc, with the option of topping up the remaining shares.
The long-serving CEO and principal shareholder of acdc, Gareth Frankland, will continue to lead and dynamically develop the company within the Zumtobel Group. acdc will be run as an independent brand and organisationally integrated into the Zumtobel Group as its own flexible unit.
The most important sales markets for acdc are currently its domestic market in Great Britain along with the Middle East, supplemented by a selective market presence in other European countries and the USA.
Thanks to the Zumtobel Group’s global sales organisation further growth potential is now opening up to the acdc brand.