Pendle’s highly successful lighting firm acdc LED Holdings Ltd which sells material around the world has been bought by an Austrian company.
The Zumtobel Group acquired acdc at 60% majority shareholding level as a strategic addition to its existing brand and product portfolio.
The acdc team has a highly-developed innovation culture, which enables them to provide a fast and dynamic response to market requirementsZumtobel CEO Ulrich Schumacher
There is significant growth potential for acdc through the Zumtobel Group’s worldwide sales organisation. And acdc is to remain an independent brand and flexible unit under the umbrella of the group.
Gareth Frankland, who was the acdc chief executive officer, will now be the firm’s managing director. The company based in Barrowford is an innovative supplier of high-end LED lighting solutions with a focus on the architectural façade and hospitality segments.
acdc started its business with high brightness LED luminaires in 2001. In 2014, it posted annual sales revenues of approximately 17 million Euros with a current headcount of around 120 employees.
The amount of the transaction will not be disclosed. Mr Frankland will continue to head the brand and drive forward its dynamic development within the Zumtobel Group.
Zumtobel’s CEO, Ulrich Schumacher, said: “For the Zumtobel Group, the acquisition of acdc is an excellent strategic addition to our existing brand and product portfolio. With acdc, we are bringing an extremely innovative, highly-successful and well-positioned premium brand under the umbrella of the Zumtobel Group.
“Architectural façade and hospitality lighting are precisely the areas where we see major growth opportunities, which we can leverage with the new setup. Furthermore, the acdc team has a highly-developed innovation culture, which enables them to provide a fast and dynamic response to market requirements.
“This culture will also inspire the employees of the Zumtobel Group. It is our declared aim to retain acdc’s dynamic innovation culture and their excellent customer relationships. For that reason, acdc will be managed as an independent brand and, in terms of our organisational structure, will be integrated into Zumtobel as a flexible individual unit.”
Mr Frankland said: “Joining the Zumtobel Group represents an important milestone for us on our path to further growth and the global development of acdc.
“As part of the Zumtobel Group we will benefit from a worldwide sales network and from the benefits of a global and group-wide purchasing organisation.
“In addition, we see technology and development synergies and I will continue to rely on the knowledge, experience and the dedication of our employees for the further development 02 of acdc within the Zumtobel Group. Together, we will continue to dynamically drive forward the acdc brand and strengthen its position in the global lighting market.”
The key markets for acdc are currently their domestic UK market and the Middle East, along with a selective presence in other European countries, and the USA. The specialists from acdc will play a key role in providing their expertise for their new colleagues.