Electronics manufacturer floats after £17.4m IPO

Derbyshire-based Light Science Technologies has this morning (October 15) floated on AIM in a move that values the firm at £17.4m.

The Hilton company specialises in controlled environment agriculture technology and contract electronics manufacturing.

Light Science Technologies’ current client base includes Rentokil’s pest division, Cloud Electronics, Calex Electronics and Sensonics. The firm generated revenue of £6.9m and EBITDA of £800,000 in 2020. It has a current forward order book of £5m.

Simon Deacon, CEO of Light Science Technologies Holdings, said: “We are delighted to be joining AIM, and welcome the support shown by our investors in this tremendous milestone for the company. We look forward to delivering shareholder value as we take advantage of the substantial CEA pipeline and bolster the capacity of our CEM division.”