Two leading manufacturers are in the spotlight following an exciting buy-out that will see both companies increase market share across the UK and overseas markets.
Artech Lighting, based in Durham City, has acquired one of the industry’s most recognisednames, Powerlite Fitzgerald, a top lighting firm in North Yorkshire, in an exciting deal that completed this week.
The move sees two of the UK’s most innovative, modern lighting manufacturers come together to increase their market share, secure growth and create skilled jobs, in a deal that marks a significant milestone for both parties.
The deal strengthens Artech and Powerlite Fitzgerald’s positions in the industry, with a shared commitment to quality, efficiency and innovation, whilst preserving the foundations on which both businesses were built, as they continue to operate independently.
Both firms have established excellent reputations for quality, delivery and expertise, with Artech delivering quality solutions to customers globally – from the UK to the UAE – and Powerlite Fitzgerald’s strong share of domestic markets for the last four decades.
Stuart Hylton, Managing Director at Artech Lighting, said: “This is exciting for both Artech and Powerlite Fitzgerald, and we’re proud to be custodians of these industry disrupters.
“Both companies have solid foundations rooted in the industry, but this partnership allows us to build on our successes, increasing investment and opportunity for both parties, whilst continuing business as usual independently.
“When the opportunity to invest in Powerlite Fitzgerald came along, it immediately made sense. Both are prominent names in lighting, and ones I’ve known since the start of my own career, so it’s come full circle to now be custodian of these recognised brands and this fantastic organisation.
“Whilst we will share and instil best practice across both companies, there will be no ‘centralising’ of services – these are two separate businesses operating in different markets with an enviable set of in-house expertise, something we will be looking to build on in the coming months.”
The collaboration allows for new opportunities for both organisations.
Nick Robinson, retiring managing director of Powerlite Fitzgerald said: “After a long and fulfilling career with Powerlite Fitzgerald I wanted to ensure that the business would be handed over to an organisation that truly values its legacy and future.
“Artech Lighting is a trusted company and under the team’s management I’m certain thatPowerlite Fitzgerald will continue to thrive, with Artech putting the best interests of both the business and its people first.”
Powerlite Fitzgerald, which has over 40 years’ experience, will continue to operate from Keighley, North Yorkshire under new management led by Stuart Hylton.
All of Artech Lighting’s products are designed, developed and manufactured at it’s Durham base for a global market.
For more information, visit: https://www.powerlitefitz.co.uk and https://artechlighting.com