Completion of Acquisition Klik Systems
Released
Released
Announcement PDF
ASX Release
3 October 2023
COMPLETION OF ACQUISITION
KLIK SYSTEMS
FOS Capital Ltd (ASX:FOS) via its subsidiary FOS Lighting Pty Ltd is pleased to announce it has now
completed the acquisition of KLIK Systems as announced to the market on 25 September 2023.
KLIK Systems Overview
KLIK was established over 40 years ago and is based in Sydney NSW. It manufactures an extensive
range of commercial, industrial & architectural LED linear and handrail lighting. The company has
31 employees and services the Australian commercial lighting market with sales offices and
distributors in all capital cities. KLIK derives 25% of its income from export markets with a significant
presence in the USA.
Strategic Rationale for the Acquisition
This acquisition expands FOS’s market share in linear lighting and provides a platform to
consolidate manufacturing operations for our fastest growing product line. There will be significant
operational benefits with the increased volumes and the ability to further rationalise fixed costs as
we share knowledge and resources across the group. KLIK also provide FOS with its first substantial
export market outside of New Zealand with the ability to increase export sales of our broader
product range.
This Announcement has been authorised for release to ASX by the board of FOS Capital Ltd.
Con Scrinis
Managing Director
con@foslighting.com.au
FOS MANUFACTURES & DISTRIBUTES COMMERCIAL, INDUSTRIAL & ARCHITECTUAL LED LIGHTING
FOS Capital Ltd ABN:76 637 156 275 Unit 3B 41 Rose Street Richmond Vic 3121 PH:1300 241 087 info@foscapital.com.au
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