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FW Thorpe profits as challenges mount

The lighting specialist has had to contend with a range of challenges
FW Thorpe profits as challenges mount

 

  • Logistical delays due to Brexit
  • Strengthening order book

Ahead of its full-year figures, FW Thorpe (TFW) announced that it had broadened its commercial offering through a deal to acquire Spain-based Electrozemper SA, a specialist in emergency lighting, for €20.3m (£17.3m), plus €1.1m in contingent fees. The deal is expected to be earnings-enhancing through to the 2022 year-end, “providing potential growth opportunities and synergies”.

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