Dialight acquires BTI Light Systems

Dialight, a UK-based applied LED technology company, has announced its acquisition of BTI Light Systems, a Danish company offering signalling and safety equipment for the wind, marine and airport industries.

BTI is being acquired from its management for a total consideration of DKK26m (£3m) – DKK18m of which is payable in cash, with the remainder in Dialight shares.

The acquisition is expected to be earnings accretive in 2010, with BTI chief executive Max Hansen to remain with the business for a period of at least two years.