Luceco plc (GB:LUCE) has released an update.
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Luceco plc has strategically expanded its market presence by acquiring CMD Limited, a leading UK manufacturer of commercial wiring accessories, for £30.0m. This acquisition is financed through Luceco’s credit facility and is projected to boost earnings from the first year. Luceco aims to leverage its product development strengths and offer its professional lighting range to CMD’s existing customer network.
For further insights into GB:LUCE stock, check out TipRanks’ Stock Analysis page.
