Rob Halliday Posted July 11, 2006 Share Posted July 11, 2006 I'm sure news of this will spread very rapidy from tomorrow, but just so you can say you read it here first: http://www.genlyte.com/index.jsp?A=396&B=409 Rob. Link to comment Share on other sites More sharing options...
paulears Posted July 11, 2006 Share Posted July 11, 2006 Wow! I wonder what certain assets of Strand Uk are? We will have to wait and see. Explains why Strand Quartet barndoors are like gold dust! Link to comment Share on other sites More sharing options...
Stu Posted July 11, 2006 Share Posted July 11, 2006 This is interesting stuff.... Thanks for posting Rob, it'll be good to see how this pans out! I wonder if this will help boost their profile and popularity in the US? (Devils advocate) Stu Link to comment Share on other sites More sharing options...
JMC Posted July 11, 2006 Share Posted July 11, 2006 I notice none of the UK employees are mentioned... Slightly worrying?! Link to comment Share on other sites More sharing options...
Rob Halliday Posted July 11, 2006 Author Share Posted July 11, 2006 ... particularly if you are one of the UK employees (or not anymore), I'd imagine..... Link to comment Share on other sites More sharing options...
mumbles Posted July 11, 2006 Share Posted July 11, 2006 The other concern, is how strand product quality will be affected. If being part of a larger corporation leads to the same amount of development, but spread bewteen manufacturers will hopefully reduce costs, but what if the acquisition leads to a fall in development to save money... Link to comment Share on other sites More sharing options...
Rob Halliday Posted July 11, 2006 Author Share Posted July 11, 2006 Well.... Genlyte also own Vari-Lite, and they've been doing pretty well at developing products. They are also a big, grown up company..... Most interesting to my mind are that:- the release mentions that the acquisition includes the SL spotlight range, but doesn't mention any other luminaire product lines. - from the control point of view, Genltye already own the Entertainment Technology brand of dimming and controls. Robert Bell (ex-WYG) has been working on the development of their Marquee console range for a number of years now and it's pretty good. Which makes all the talk of 'non-overlapping product ranges' in the press release ring not-quite-true. The timing of this - seemingly out-of-the-blue to a number of people you might have expected to know - is odd; Genlyte must think there is something in the Strand name and product range to have bought it. Maybe they just had cash when Strand, utlimately, didn't. Rob. Link to comment Share on other sites More sharing options...
Stu Posted July 11, 2006 Share Posted July 11, 2006 Most interesting to my mind are that:- the release mentions that the acquisition includes the SL spotlight range, but doesn't mention any other luminaire product lines. Which makes all the talk of 'non-overlapping product ranges' in the press release ring not-quite-true.The press release does say The transaction includes but is not limited to the following product lines so I presume that covers the other ones. Seems to be that the ones mentioned are mostly all new lines which I can only imagine is what interests Genlyte most. Perhaps there is something in there they really wanted their hands on... Stu Link to comment Share on other sites More sharing options...
vl nick Posted July 11, 2006 Share Posted July 11, 2006 very intresting indeed... this was kept very quiet. Link to comment Share on other sites More sharing options...
gareth Posted July 11, 2006 Share Posted July 11, 2006 A similar situation which springs to mind (although perhaps on a smaller scale) is the accquisition of Flying Pig Systems by High End. The end result of that is that FPS as a distinct brand/company/organisation has pretty much disappeared off the face of the planet ... Mind you, since Genlyte bought VL, there's been much good work done on that brand, so hopefully it'll be the same with Strand. Link to comment Share on other sites More sharing options...
MartinT Posted July 11, 2006 Share Posted July 11, 2006 I heard about this earlier today - more by luck. I guess it'll pan out more tomorrow but from the info available it seems that Strand UK Ltd is now in the hands of the receivers Link to comment Share on other sites More sharing options...
Sarah Q Posted July 11, 2006 Share Posted July 11, 2006 My source tells me that Strand UK has gone into receivership and is no more.... Genlyte has only bought the US and Asia elements.... This is a very respected and informed source..... Link to comment Share on other sites More sharing options...
gareth Posted July 11, 2006 Share Posted July 11, 2006 This is a very respected and informed source........ but not one that you're confident enough to name?? Come on, you can't drop a bombshell like that and not back it up. Link to comment Share on other sites More sharing options...
Andrew C Posted July 12, 2006 Share Posted July 12, 2006 If they are in receivership, won't Companies House have info? Just about to leave for work so no time to check... Link to comment Share on other sites More sharing options...
Brian Posted July 12, 2006 Share Posted July 12, 2006 If they are in receivership, won't Companies House have info? Just about to leave for work so no time to check...Not immeadiately. And even if they are it's not a big thing, it's very common in takeovers to close the 'took-over' company. There is more than one type of 'receivership'. Link to comment Share on other sites More sharing options...
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