

Derbyshire-based Light Science Technologies Holdings, comprising three divisions: Controlled Environment Agriculture (CEA); Contract Electronics Manufacturing (CEM); and Passive Fire Protection (PFP), has hailed record group revenues in a new trading update for the 12 months ended 30 November 2024.
Group revenue increased by approximately 29% to £12m for the period, up from £9.3m in the year prior, underpinned by strong trading across all divisions. Losses for the period reduced substantially to £0.2m, from £1.1m.
Light Science Technologies noted that “importantly, the business was net profitable during H2 2024, and management is expecting to sustain this momentum in FY 2025.”
Revenues from the CEM division grew by approximately 5% to £9.5m with continued strong traction from sports entertainment.
The CEA division generated revenues of £0.8m – up approximately 250% year-on-year – highlighting increased traction and the benefits of the firm’s Tomtech acquisition, which is helping drive increased cross selling opportunities.
The PFP division contributed £1.8m in sales, establishing an entirely new revenue stream for the group.
Simon Deacon, CEO of Light Science Technologies Holdings, said: “Our key focus is on continuing the profitability we have seen in H2 with increasing levels of margin contributions from PFP and CEA; and by realising further efficiency gains across the Group.
“We are an innovative business, and management has worked hard to stabilise and scale operations within growth markets. We believe that we are positioned to generate increasing levels of recurring revenue and cash and have a portfolio of well-balanced sustainable businesses that are positioned to benefit from broader market trends as we focus on long-term profitable trading.
“We have a number of exciting opportunities across all three divisions and are confident that the business will provide strong and growing returns.”
K3 Business Technology Group has reached agreement with SYSPRO, a Castle Donington-based ERP software provider, for the sale of the Group’s wholly owned subsidiary, NexSys.
NexSys is a leading SYSPRO elite partner in the UK and has over 40 years’ experience of providing and supporting specialised business software solutions to manufacturers and distributors.
Under the terms of the agreement, the total consideration for NexSys is £36 million.
Jaco Maritz, Chief Executive Officer of SYSPRO, said: “SYSPRO, an Advent and Safari company, believes that NexSys is a compelling strategic fit given the company’s position as a trusted provider of digital solutions to manufacturing and distribution companies across the UK and Europe.
“The carve-out acquisition is a key milestone in Safari’s SYSPRO strategy to expand its global footprint, strengthening its presence in the UK and extending its reach across Europe. The acquisition will also enable SYSPRO to expand its highly regarded digital manufacturing suite with new products and capabilities.
“Safari believes there are further initiatives that would help accelerate its existing strategy and which it intends to confirm after a detailed review of the business and operations following Completion. Safari and SYSPRO attaches great importance and value to the skills, experience and commitment of the existing management and employees of NexSys.”
Eric Dodd, Chief Executive Officer of K3 Business Technology Group plc, said: “As the UK and Ireland’s largest reseller of SYSPRO software, our NexSys business is a superb fit for Advent, and we are delighted to have reached this agreement.
“Advent is a leading technology investor and its purchase of NexSys is a natural next step following its recent acquisition of a majority holding in SYSPRO. Advent has the resources and market experience to more fully capitalise on NexSys’s strategic value.
“We view the proposed sale as an excellent outcome for K3 shareholders, NexSys, and Advent and recommend that shareholders vote in favour the proposed sale at the Company’s General Meeting in December.”
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