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Microlights Directors and Aurora Ltd acquire Microlights Ltd

5 October 2009 12.00 BST


(UK) - The Directors of Microlights Ltd have announced an agreement with Aurora Ltd to acquire 100% of the shares of Microlights Ltd with effect today.

Managing Director of Microlights, Chris Brown, explains: “This agreement is the result of many months consideration and planning to ensure the best possible solution for the benefit of the Company, the outgoing shareholders, and most importantly for our clients and employees.

“The Directors are looking forward to the opportunities this agreement provides; joining forces with Aurora means we can build on our success in UK and global markets, driving growth and capitalising on our ability to bring innovative products to the market much more quickly.”
 
Microlights Ltd will continue to manufacture from its head office in Marlborough and will continue to develop and engineer products specifically for the retail market. The Microlights brand, which experienced a 10% increase in turnover in 2008-9, will remain sacrosanct, preserving the ethos of energy efficient, innovative, high quality products, but Microlights will take advantage of the purchasing opportunities that working with Aurora will provide.

www.microlightsgroup.com
www.aurora.eu.com

 

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