Fagerhult acquires LTS Licht & Leuchten GmbH
In order to further strengthen the Fagerhult Groups position in the retail lighting industry as well as creating a strong platform for growth in the important German market, Fagerhult have acquired 100 % of the shares of LTS Licht & Leuchten GmbH (LTS) based in Tettnang, Germany. The acquisition will have a significantly positive effect on the earnings per share as of quarter one - 2011 and forward.LTS has 230 employees and manufactures lighting fixtures primarily for the Retail segment. In 2009 the company had sales of MEUR 48 with a very strong profitability. The company is perceived