Laystone Limited Acquired in Deal Advised by KBS Corporate
Laystone Limited, the Nottingham-based supplier and manufacturer of electronic components has been acquired by Bright Energy Solutions Ltd for an undisclosed sum.
Originally supplying CRT, scan coils and line output transformers to the UK monitor industry, the company has since progressed on to modern electronics that include L.E.D lighting, surface mount assembly, specialist transformer manufacture, cables and cable form assembly.
KBS Corporate generated a competitive bidding environment, which generated multiple offers before a deal was agreed with the eventual acquirer, Bright Energy Solutions.
Bright Energy Solutions is a London-based supplier of energy efficient and cost effective solutions to clients’ renewable energy needs. The company provides solar PV, ground source pumps and stylish L.E.D lighting across a range of industry sectors.
Following the acquisition, Laystone is expected to remain at its current Nottingham premises, from where it supplies over 50,000 L.E.D lighting sets and cables each year to the retail display industry.
Guy Haynes, Corporate Director at KBS Corporate managed the deal through to completion. Legal advice was provided by Gateley plc.