Dornbirn/Austria – The international lighting corporation Zumtobel Group has acquired as of today a majority holding in UK lighting company AC/DC LED Holdings Ltd (acdc). The company based in Barrowford, north of Manchester, is an innovative supplier of high-end LED lighting solutions with a focus on the architectural façade and hospitality segments. acdc started off its business with high brightness LED luminaires in 2001. In 2014 acdc posted annual sales revenues of approximately 17 million euros with a current headcount of around 120 employees. This extremely dynamic enterprise exclusively develops and manufactures high-end LED luminaires in the international specification and project business and benefits from an excellent client network of lighting designers, architects and interior designers.
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.
For the Zumtobel Group, the acquisition of acdc is an excellent strategic addition to the existing brand and product portfolio. Architectural façade and hospitality lighting are areas with major growth opportunities, which shall be leveraged with the new setup. 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. 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.
Head of Investor Relations
Phone +43-(0)5572 509-1125
Head of Corporate Communications
Phone +43-(0)5572 509-1570
acdc is an internationally respected company in the design and manufacture of architectural lighting products. The company is an exclusively LED based, and has a broad range of LED lighting products primarily focused on the high specification architectural sectors within hospitality and façade lighting, with a strong portfolio of downlights, linear, floods and accent. acdc’s design philosophy it to start with the LED itself, and it is this approach which has enabled the company to develop a number of award winning products. The company was an early adopter of LED technology, and has positioned itself well within the rapidly expanding LED market. In FY 2014, acdc posted revenues in the region of 17 million euros, shipping to over 50 countries worldwide. The company has around 120 employees, with its headquarters and primary manufacturing site in Barrowford, Northern England, and offices in London, Dubai and the USA. For further information, visit www.acdclighting.com
About the Zumtobel Group:
The Zumtobel Group is an international lighting group and a leading player in the field of innovative lighting solutions and components. With its three established brands, Thorn, Tridonic and Zumtobel, the Group offers its customers around the world a comprehensive range of products and services. The core focus of its activities is on lighting solutions for professional applications, where the Group with its Thorn and Zumtobel lighting brands is the European market leader. Through its lighting components brand, Tridonic, the Group plays a leading role worldwide in the manufacture of hardware and software for lighting systems (LED light sources, LED drivers, sensors and lighting management). The Group is listed on the Vienna Stock Exchange (ATX) and on the balance sheet date (April 30, 2015) employed a workforce of 7,234 employees. In the 2014/15 financial year, the Group posted revenues of EUR 1,312.6 million. The Zumtobel Group is based in Dornbirn in the Vorarlberg region of Austria. For further information, please visit http://www.zumtobelgroup.com/en