Luceco completed the acquisition of CMD from Rubicon Partners for £30m.

Luceco, a supplier of wiring accessories, EV chargers, LED lighting, and portable power products, completed the acquisition of CMD, a designer and manufacturer of a comprehensive range of wiring accessories, from Rubicon Partners, an investment company, for £30m. "Luceco has a well-established position as a leading supplier of wiring accessories to the residential market in the UK so CMD, with its leading position in the commercial wiring accessories market, is a very natural fit. The Group's expertise in product development, manufacturing and sourcing will enable us to accelerate range innovation and improve margins for CMD. We also see an opportunity to offer Luceco's professional lighting range to CMD's customer base of specifiers and contractors. The acquisition is in line with our M&A strategy and follows the successful acquisition of D-Line earlier in the year," John Hornby, Luceco CEO.