Fagerhult acquires LTS Licht & Leuchten GmbH

Fagerhult acquires LTS Licht & Leuchten GmbH

In order to further strengthen the Fagerhult Groups position in the
retail lighting industry as well as creating a strong platform for
growth in the important German market, Fagerhult have acquired 100 % of
the shares of LTS Licht & Leuchten GmbH (LTS) based in Tettnang,
Germany. 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. 

More information on LTS is available at
www.lts-light.eu (http://www.lts-light.eu/)

 

Habo 22 October 2010

Disclosures may be submitted by

Johan Hjertonsson CEO tel: 46 36 10 87 06 mobile: 46 70 229 77 93
e-mail: johan.hjertonsson@fagerhult.se (johan.hjertonsson@fagerhult.se)

Ulf Karlsson CFO tel: 46 36 10 85 63 mobile: 46 70 537 04 54 e-mail:
ulf.karlsson@fagerhult.se (ulf.karlsson@fagerhult.se)