Dialight expands into Japan
Newmarket, UK (14 June 2011) – Dialight plc (‘Dialight’), the innovative global leader in LED lighting technology, is pleased to announce the formation of Dialight Japan KK as a further step in the company’s global thrust into the industrial and hazardous LED lighting market.Dialight Japan KK has today signed agreements to acquire the assets and contracts of its Japanese distributor, I-Spec Ltd for an upfront consideration of £0.2m and a 25% stake in Dialight Japan KK. All employees of I-Spec will transfer to Dialight Japan KK with additional consideration due to the shareholder employees