Lucy, based in Thame, Oxfordshire, is a family owned engineering company with a presence in Dubai, India and Saudi Arabia and a network of agents and partners covering 50 countries worldwide. It trades through two principal business divisions; Lucy Switchgear, a manufacturer of electrical distribution systems, and Lucy Lighting a manufacturer of street lighting equipment.
Zodion is a good fit with Lucy lighting and will complement and enhance the supply of high quality products spanning the top and bottom of a street lighting column. Post completion Zodion and Lucy Lighting will continue to operate as separate businesses but the closer ties will help both companies to operate more effectively.
MML's corporate finance advice was provided by Livingstone Partners, led by James Lever. Legal advice was provided by Shoosmiths whose team was led by partner Alastair Peat.
Ian Wallis, MML Managing Partner, said
"We are delighted to have completed this transaction and believe Lucy will be prove to be a very good home for Zodion, providing the business with the resources to continue its recent strong growth. I would like to thank the management teams of Zodion and Hallmark for their support in completing the deal and our advisers for ensuring a smooth and timely process".