MILAN—Design Holding S.p.A., a high-end design agency with such manufacturers as B&B Italia, Flos and Louis Poulsen, has entered an settlement to accumulate YDesign Group, which sells lighting and different merchandise by way of YLighting.com and Lumens.com.
With this transfer, Design Holding seems to develop its attain, notably into the North American market, strengthen its digital presence and supply extra companies and added worth to its prospects, it mentioned. The acquisition is predicted to shut within the second quarter.
Based mostly in Walnut Creek, Calif., YDesign generated $160 million in income final yr, a launch mentioned; 30{fef176cfe070174158fd7b214e43cb102580b177a66861132e9b8746d895dffd} development within the shopper section represents about two-thirds of the turnover. It has greater than 200,000 lively prospects, which incorporates shoppers, architects, designers and specifiers.
“This acquisition suits into the broader plan of building Design Holding because the main revolutionary high-end design platform with a very multi-channel worth proposition,” mentioned Gabriele Del Torchio, chairman of Design Holding. “We’ve been impressed with YDesign’s status for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and talent to help prospects all through the acquisition course of with a extremely educated customer support group. The preservation of YDesign’s current group and the continued independence of its industrial worth proposition are each integral to the success of this mixture. On the identical time, YDesign will profit from Design Holding’s robust product information and experience in content-driven advertising and marketing to speed up its development trajectory.”
“We’re thrilled by the numerous development alternatives that lie forward for YDesign Group,” mentioned YDesign Group’s CEO Laura Walsh. “Leveraging the strategic help of Design Holding’s platform, we’ll proceed to strengthen our positioning because the market chief within the U.S. high-end lighting house and our status as the first vacation spot for architects and designers.”
Design Holding was based in 2018 by Investindustrial and The Carlyle Group.