Labcraft Holdings has been acquired by Safe Fleet Holdings
The shareholders of Labcraft Holdings Limited, the UK’s leading manufacturer of high performance and energy-efficient LED lighting for the commercial vehicle and emergency services sectors, have sold the business to Safe Fleet Holdings, a leading supplier of safety solutions for fleet vehicles, enhancing Labcraft’s presence in the US.
Labcraft designs and manufactures LED lighting for the commercial and emergency vehicle sectors, selling to 32 countries around the world. These low voltage products have diversified into many other applications, such as commercial, marine and leisure. Established in 1956, Labcraft has a developed a strong reputation for innovative high-quality lighting solutions with distinctive design features. Labcraft, with its strong brand heritage, will continue to operate as a stand-alone entity within the Safe Fleet group.
Headquartered in Missouri, USA, Safe Fleet is a leading supplier of safety solutions for fleet vehicles. It provides a platform that combines deep fleet market know-how, ground-breaking technology and engineering, a commitment to safety and a 100-year history of innovation. Safe Fleet has unified an unrivaled portfolio of best-of-breed smart solutions into an integrated safety platform for fleets of every type – school bus, transit bus, law enforcement, fire, EMS, work truck, truck and trailer, waste and recycling, construction, agriculture, industrial and military. This acquisition bolsters Safe Fleet’s offering, with the addition of premium safety lighting solutions to its unified brand portfolio and extending its product portfolio.
Oaklins Cavendish, based in the UK, acted as advisor to the seller in this transaction.
Nick Luscombe
CEO, Labcraft Holdings Limited
Talk to the deal team
Related deals
East Metal has been acquired by management and private investors
The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.
Learn moreQuantum Base Holdings plc has completed its official admission to AIM
Quantum Base began trading on the London Stock Exchange’s AIM market under the ticker QUBE following a US$6.4 million (£4.8 million) fundraising round. The company develops Q-ID tags, a quantum-based authentication technology designed to prevent counterfeiting by leveraging atomic-level randomness. Proceeds from the listing will fund product development and commercial expansion, including new operational and commercial hires.
Learn moreDoosan Skoda Power has been listed on the Prague Stock Exchange with a US$104 million initial public offering
Doosan Skoda Power and its parent company, Doosan Power Systems, have placed just over US$114 million (€100 million) of the company’s shares, of which US$31.4 million (€27.6 million) supported a 10% capital increase and US$72.4 million (€63.7 million), representing 23% of the pre-transaction share capital, was returned to the selling shareholder. This amount includes US$10.5 million (€9.2 million) in greenshoe shares, equivalent to 10% of the base deal.
Learn more