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 YLighting.com and Lumens.com.
With this transfer, Design Holding seems to be to develop 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 12 months, a launch mentioned; 30% progress within the shopper phase represents about two-thirds of the turnover. It has greater than 200,000 lively prospects, which incorporates customers, architects, designers and specifiers.
“This acquisition suits into the broader plan of creating Design Holding because the main revolutionary high-end design platform with a really multi-channel worth proposition,” mentioned Gabriele Del Torchio, chairman of Design Holding. “We now have been impressed with YDesign’s repute 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 crew. The preservation of YDesign’s present 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 sturdy product data 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,” 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 area and our repute as the first vacation spot for architects and designers.”
Design Holding was based in 2018 by Investindustrial and The Carlyle Group.