Acal buys Young Electronics in cash deal
Young Electronics Group (YEG) sells solid state lighting, power, power cords and custom cable assembly. It also has own label products sales.
“The acquisition of the Young Electronics Group expands our existing technology areas as well as adding new ones,” said Nick Jefferies, Chief Executive of Acal plc.
Based in High Wycombe and trading predominately in the UK and Ireland, YEG made a small operating loss during its year ended 31 December 2012.
The business will be integrated into Acal’s Electronics division to generate operational synergies as well as opportunities for cross selling. Integration is expected to complete around the end of the financial year.
“By integrating the operations into our Electronics division, we expect to create efficiency savings whilst retaining the commercial and technical capabilities,” said Jefferies.
Adapt or die