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 broaden its attain, significantly into the North American market, strengthen its digital presence and supply extra companies and added worth to its clients, it stated. The acquisition is predicted to shut within the second quarter.
Primarily based in Walnut Creek, Calif., YDesign generated $160 million in income final 12 months, a launch stated; 30% progress within the client section represents about two-thirds of the turnover. It has greater than 200,000 energetic clients, which incorporates shoppers, architects, designers and specifiers.
“This acquisition matches into the broader plan of building Design Holding because the main modern high-end design platform with a very multi-channel worth proposition,” stated Gabriele Del Torchio, chairman of Design Holding. “Now we have been impressed with YDesign’s status for trusted relationships with provider manufacturers and its broad product assortment, operational excellence and talent to help clients all through the acquisition course of with a extremely educated customer support staff. The preservation of YDesign’s current group and the continued independence of its business worth proposition are each integral to the success of this mix. On the identical time, YDesign will profit from Design Holding’s robust product information and experience in content-driven advertising to speed up its progress trajectory.”
“We’re thrilled by the various progress alternatives that lie forward for YDesign Group,” stated 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.