Announced
Financials
Tags
led lighting
Private
Friendly
Majority
Pending
Single Bidder
Cross Border
Private Equity
electrical equipment
Acquisition
Electronic Equipment: Other
United Kingdom
Synopsis
Oak Hill-backed Safe Fleet, a manufacturer of electric tarp systems, tarps, gear motor technology and automated power solutions, agreed to acquire Labcraft, a manufacturer of low voltage LED lighting. Financial terms were not disclosed. “Labcraft is a great addition to the Safe Fleet family. Their drive to design innovative lighting solutions to improve safety and efficiency aligns with our mission to make fleets smarter and people safer. Safe Fleet is committed to offering fleet customers and operators, wherever they are, an advanced range of smart safety solutions," Michael Schulte, Safe Fleet President.
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