Redditch-based lighting company FW Thorpe, which design and manufacturers professional lighting systems under brand names such as Thorlux, Portland Lighting and Lightronics, has bought half of the share capital of the Dutch based company Ratio Electric B.V, a specialist in electrical power connection and distribution systems, for €6.8m (circa £5.8m).
Established in 1980, Ratio specialises in the development, manufacture and supply of electrical power connection and distribution systems. Revenues are derived from four core areas, e-mobility (electrical vehicle chargers and cables), marine, data centres, and industry. During 2020, e-mobility accounted for nearly 60 per cent of the business.
FW Thorpe said that theaddition of Ratio will strengthen the Group’s portfolio of green economy products with the introduction of electric vehicle charging solutions for the UK, whilst building upon successful sales that Ratio has already established in the Netherlands. The Group’s know-how in product development, software and manufacturing will support Ratio’s future growth.
The business employs 30 people in Nijkerk, the Netherlands. Products are sold both domestically and distributed overseas.
FW Thorpe Chairman, Mike Allcock, said: “This is an exciting opportunity for the Group. FW Thorpe’s know-how in electrical engineering, manufacturing and lighting, combined with Ratio’s experience in electrical vehicle charging will allow the introduction of new products into the UK market as well as supporting growth in Ratio’s existing markets.
“We see similarities in technology and engineering skills, giving the Group the opportunity to diversify into new areas of engineering with high growth potential.”
FW Thorpe specialises in designing and manufacturing professional lighting equipment. It employs more than 600 people.