Colt Group, a market leader in providing and servicing innovative solutions and products for smoke control, ventilation, solar shading and climate control projects will be acquired by Kingspan Group and become an integral part of the Kingspan Light + Air (KLA) division.
With over 1,000 employees spanning across 45 countries, Colt has manufacturing sites in UK, Germany, Netherlands, Saudi Arabia and China which will significantly increase the Kingspan Light + Air geographical footprint, whilst bringing substantial vertical integration opportunities.
MD of Kingspan Light + Air, Liam McDaniel, said about the acquisition that he is “delighted to take these exciting new steps with Colt and is looking forward to a bright future with this new addition to our division”.
The completion of the acquisition is subject to clearance by the competition authorities in some European markets. A further announcement will follow when completion occurs.