acdc acquired by Zumtobel Group
International lighting corporation Zumtobel Group has acquired a majority stake in Barrowford-based lighting specialists AC/DC LED Holdings Ltd.acdc supplies high-end LED lighting solutions with a focus on the architectural façade and hospitality segments.
The company was formed in 2001 specialising in high brightness LED luminaires. In 2014 acdc posted annual sales revenues of more than £12m with a current headcount of around 120 employees.As a first step, the Zumtobel Group has acquired a majority shareholding of 60 per cent in acdc lighting. An option to purchase the remaining shares exists as a second step. The amount of the transaction will not be disclosed.
acdc’s long term CEO and majority shareholder Gareth Frankland will continue to head the brand and drive forward its dynamic development within the Zumtobel Group.Zumtobel group 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.
"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 the Zumtobel Group as a flexible individual unit.”
The key markets for acdc are currently the UK and the Middle East, along with a selective presence in other European countries and the USA.Huge growth potential exists for the acdc brand, particularly with regard to marketing the acdc product portfolio through the Zumtobel Group’s worldwide sales organisation, which currently encompasses around 1,750 sales staff within the lighting segment.
The specialists from acdc will play a key role in providing their expertise for their new colleagues.acdc CEO Gareth 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."