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International lighting corporation Zumtobel Group has acquired a majority stake in Barrowford-based lighting specialists AC/DC LED Holdings Ltd.
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.
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.
"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.
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.
The specialists from acdc will play a key role in providing their expertise for their new colleagues.
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