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 amass YDesign Group, which sells lighting and different merchandise by YLighting.com and Lumens.com.
With this transfer, Design Holding seems to increase its attain, notably into the North American market, strengthen its digital presence and supply extra providers 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% progress within the client section represents about two-thirds of the turnover. It has greater than 200,000 energetic prospects, which incorporates customers, architects, designers and specifiers.
“This acquisition matches into the broader plan of creating Design Holding because the main progressive high-end design platform with a really multi-channel worth proposition,” mentioned Gabriele Del Torchio, chairman of Design Holding. “Now we have been impressed with YDesign’s popularity for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and skill to assist prospects all through the acquisition course of with a extremely skilled customer support workforce. The preservation of YDesign’s present group and the continued independence of its business worth proposition are each integral to the success of this mixture. On the similar time, YDesign will profit from Design Holding’s robust product data and experience in content-driven advertising and marketing to speed up its progress trajectory.”
“We’re thrilled by the numerous progress alternatives that lie forward for YDesign Group,” mentioned YDesign Group’s CEO Laura Walsh. “Leveraging the strategic assist 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 popularity as the first vacation spot for architects and designers.”
Design Holding was based in 2018 by Investindustrial and The Carlyle Group.