Anglo Scottish Asset Finance, in collaboration with funding partner Close Brothers Broker Solutions, has successfully supported Artech Lighting Ltd in the acquisition of the trade and assets of Powerlite Fitzgerald Ltd.

The deal, structured as a Hire Purchase with the option of ownership, will enable Artech Lighting to significantly reduce manufacturing costs, while expanding its capabilities and product offering. The acquisition is set to strengthen both brands as independent entities that will now work collaboratively, sharing resources and opening new markets.

Artech Lighting was founded in 2013, and in 2018, with the appointment of current Managing Director and majority shareholder Stuart Hylton, the company entered a new phase of growth. With a background in electrical engineering and a stellar reputation in the lighting sector, Stuart returned to the UK after a successful stint in Dubai and has since positioned Artech as a major force in commercial LED lighting

Under Stuart’s leadership, Artech has grown into a team of 50 full-time staff specialising in bespoke lighting solutions for commercial construction projects. Their client base includes several blue-chip companies and recent high-profile projects in London, Edinburgh, and Abu Dhabi. Operating from a 160,000 sq ft facility at Meadowfield Industrial Estate in Durham, which it shares with Apex Cables, Artech continues to build its reputation for innovation and reliability.

The opportunity to acquire Powerlite Fitzgerald came about when its owner, Nick Robinson, took the difficult decision to retire. Wanting to ensure the legacy of the business, Nick approached the Artech team—confident in their ability to carry the brand forward with integrity and vision.

Powerlite Fitzgerald will continue to operate as a separate entity, with a primary focus on wholesale operations within the UK, while Artech will maintain its strength in global commercial construction markets. The synergy between the two businesses is expected to create new opportunities and potentially extend Powerlite’s reach into international markets. Dean Cowley, Anglo Scottish Asset Finance, played a key role in facilitating the transaction. Having previously worked with Apex Cables Ltd and connected through mutual personal ties with Artech’s team, Dean was well-positioned to understand the strategic value of the acquisition.

Jessica Pooley, Broker Development Manager at Close Brothers Broker Solutions, provided the financial backing for the deal. She commented: “We’re delighted to support Artech Lighting in this exciting phase of growth. The acquisition of Powerlite Fitzgerald is a smart, forward-thinking move that enhances both businesses and strengthens their market position.”

Stuart Hylton, Managing Director of Artech Lighting, added: “This acquisition is not only a major milestone for Artech but also a positive development for Powerlite Fitzgerald’s legacy. We are thrilled to build on our strengths and continue expanding into new markets with Close Brothers Broker Solutions and Anglo Scottish Asset Finance by our side.”

The acquisition is expected to further boost Artech Lighting’s profitability and enhance its position as a market leader in innovative lighting solutions.