newsletter link
mondo arc

Fagerhult acquires LTS Licht & Leuchten GmbH

01 November 2010 11.30 GMT

(Germany) - Fagerhult has acquired 100% of the shares of LTS Licht & Leuchten GmbH (LTS) based in Tettnang, Germany. The move is a bid to further strengthen the Fagerhult Group's position in the retail lighting industry and creating a strong platform for growth in the German market.

The acquisition will have a significantly positive effect on the earnings per share as of quarter one - 2011 and forward.

LTS has 230 employees and manufactures lighting fixtures primarily for the Retail segment. In 2009 the company had sales of MEUR 48 with a very strong profitability. The company is perceived amongst customers being a major player when it comes to product portfolio, quality and as well as performance in all aspects.

“Our strategy is to become a clear leader in the European lighting industry. With this acquisition we will clearly establish ourselves as an important partner in the growing Retail lighting segment. LTS will be a solid platform for growth in the important German market. We expect to grow not only in the Retail segment but also in the important professional lighting segment”, comments Johan Hjertonsson CEO Fagerhult.

Fagerhult pays a price of MEUR 61, on a cash and debt free basis, for 100% of the shares in LTS.


Related Articles


Follow us on…

Follow Mondo Arc Magazine on Twitter Follow Mondo Arc Magazine on Facebook Follow Mondo Arc Magazine on Linked In

mondo arc india

darc awards DWLF IALD PLDC LRO