Wed, 11 Mar 2026 | BUSINESS SALE
A Derbyshire-headquartered agricultural technology company has announced a pair of acquisitions, as well as plans to raise up to £6.6 million in a placing and retail offer.
Light Science Technologies Holdings has entered agreements to acquire Penarth-based RLUK Injection Limited and subsidiary Injectaclad Limited, along with the remaining 10 per cent minority interest in UK Circuits and Electronics Solutions not already held by that firm’s holding company.
The combined maximum consideration for the two acquisitions is £5.37 million, to be funded via a placing and retail offer priced at 1p per share.
The deals are described as representing an effort by the group to broaden activities across a number of industrial technology niches, while also improving margins and strengthening its balance sheet.
Injectaclad provides passive fire protection (PFP) for risers, voids and service penetrations. The acquisition enhances Light Science Technologies PFP division, enabling the group to secure the intellectual property and supply chain behind the Injectaclad system.
Light Science Technologies’ fire safety business already installs Injectaclad systems, with the acquisition effectively bringing one of the division’s key suppliers in-house.
The acquisition of RLUK Injection is worth up to £4.8 million, including an initial £3 million payment, alongside deferred and contingent payments linked to revenue targets.
The acquisition of the remaining 10 per cent stake in UK Circuits and Electronics is valued at £270,000 and gives the firm full ownership of the business’ contract electronics manufacturing operation.
Alongside the deal, the firm is also acquiring a connected industrial property in Manchester for £300,000. The property will serve as both a base for the electronics business, as well as a training and distribution centre for the fire protection division.
Simon Deacon, Chief Executive of Light Science, said: "We are extremely excited by the growth opportunity across all of our divisions and believe that these acquisitions will strengthen our ability to increase the group's margin profile and to generate profits and cash.”
"We are well positioned to scale rapidly across all parts of the group and post completion will have the balance sheet strength to win and service larger contracts and generate increasing levels of recurring revenues.”
"By leveraging the opportunity across our key markets we are targeting mid-term group revenues of circa £50m via both organic and inorganic growth. We believe the enlarged group will be strongly positioned to deliver significant shareholder value."
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