The PAI Group has announced that it has acquired the rights and assets of Lighting Technology Projects (LTP). The new company will trade as before, under the name of LTP, and will be headed up by Terry Reeves, who managed the company prior to the appointment of the administrators PriceWaterhouseCoopers in early July this year.
The acquisition is a logical step for the PAI Group, which specializes in the creative design, supply, and installation of bespoke audio-video, lighting and sound for the leisure, retail, education, heritage, and sports industries, and consists of PA Installations (PAI), VS Installations (VSI) and PA Technologies (PAT). LTP is a respected name within the industry and its markets will complement those of the PAI Group, allowing it to continue to broaden its interests and market penetration whilst providing continuity of service to LTP’s existing customers. LTP will operate as an autonomous business unit within the Group and will trade from independent facilities, located to serve, predominantly, the Midlands and Southern regions.
Paul Adams, Group chairman, told L&SI: "The addition of LTP to the Group creates exciting opportunities across all companies. We will now represent sectors which, for us, have previously not been high profile - including architectural, heritage and theatre. Watch this space."
At the same time, AJS Theatre Lighting & Stage Supplies Ltd have acquired LTG’s Cerebrum Lighting from the administrators. The company has been renamed Cerebrum Ltd, and although in time it will be integrated into the AJS group structure, it will continue to operate and trade as Cerebrum Lighting, based in south London. Cerebrum Lighting has been a respected supplier of lighting equipment in the industry, having traded for many years.
Finally, another of the Group’s companies, Valiant Lamps, has been sold to the European Lamp Group Ltd (ELG). ELG has split Valiant Lamps into two divisions, in order to provide dedicated service to both the Entertainment and Wholesale markets. The operation will be run from London, headed up by Ray Henwood.
This recent round of acquisitions follows the news last month that Stage Electrics had acquired the Newcastle branch of the Group from the company’s administrators PriceWaterhouseCooper. In the short time since the deal, the company has converted the Newcastle office into a fully operational Stage Electrics outfit, focusing on the sales and installation markets in the region.
