Light Science Technologies Holdings plc (LSE:LST) has agreed conditional transactions to acquire RLUK Injection, the owner of passive fire protection specialist Injectaclad, as well as the remaining 10% minority stake in its UK Circuits electronics subsidiary and an associated property. The deals are valued at up to £5.37m in cash and form part of a broader strategy to strengthen the group’s operational base and accelerate growth.
To finance the acquisitions, the company intends to raise £6.6m through an equity fundraising consisting of a placing and a separate retail offer priced at 1p per share. The proceeds will support the purchases while also helping secure supply chains, consolidate full control over the UK Circuits contract electronics manufacturing division and remove ongoing rental expenses. The property acquisition will also provide a northern operational base designed to support higher-margin activity and larger project opportunities, particularly within the passive fire protection market.
The purchase of RLUK Injection is expected to deepen the company’s role across the fire safety value chain. By bringing Injectaclad’s intellectual property and materials supply capabilities in-house, the group aims to strengthen its position in cavity fire remediation projects while adding an additional revenue stream from materials supply.
Securing full ownership of UK Circuits, alongside the associated facility, supports the group’s strategic shift toward higher-value sectors such as defence and medical electronics manufacturing. Management believes the strengthened balance sheet and expanded capabilities will enable the business to scale more rapidly and pursue mid-term revenue targets of around £50m, potentially improving profitability and shareholder returns.
Overall, the company’s outlook remains mixed. Financial performance reflects solid cash flow but slower revenue growth, while technical indicators point to bearish share price momentum. Nevertheless, the acquisitions and fundraising represent positive corporate developments that could support future expansion, particularly within the group’s AgTech and fire safety activities.
More about Light Science Technologies
Light Science Technologies Holdings plc is an AIM-listed technology and manufacturing group focused on delivering practical solutions in areas including global food security and fire safety. Its operations include a Contract Electronics Manufacturing division, which supplies high-value electronics to sectors such as defence and medical technology, and a Passive Fire Protection division that installs cavity fire barrier remediation systems across the UK, with potential for future international expansion.
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