Redditch group lights up the market with acquisition

Redditch-based lighting group, F W Thorpe has strengthened its European operations with the near-£7m acquisition of a Dutch emergency lighting specialist. The group has acquired 100% of the share capital of Famostar for an initial consideration of €7.6m (circa £6.8m), with up to an additional €0.5m (circa £0.4m) payable subject to performance conditions relating to the EBITDA for 2017 and 2018. The acquisition is expected to be earnings enhancing in the first full financial year of ownership (to June 30, 2019), as well as... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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