Dialight
 | |
| Company type | Public (LSE: DIA) |
|---|---|
| Industry | Electronics |
| Founded | 1938 |
| Headquarters | London, United Kingdom |
Key people |
|
| Revenue |  £151 million (2019) |
| £(11.3) million (2019) | |
| £(16.2) million (2019) | |
| Divisions |
|
| Website | www.dialight.com |
| Footnotes / references [1][2] | |
Dialight plc is a British-based electronics business specialising in light-emitting diode lighting for hazardous locations. It is headquartered in London and operates in North America, the United Kingdom, mainland Europe, Australia, Asia and South America. It is listed on the London Stock Exchange and is a constituent of the FTSE SmallCap, and FTSE techMARK Focus indices.
History
[edit]
The business was founded in 1938[3] and became part of the Dutch company Philips in 1963.[4] In 1990, through a management buyout, it became part of Roxboro Group, which was first listed on the London Stock Exchange in 1993.[4] In 2005, it was renamed Dialight.[4]
In 2012, Dialight announced that they would expand their manufacturing capabilities in Malaysia.[5]
In 2023, it was revealed that Dialight had been involved in prolonged legal proceedings with its former manufacturing partner, Sanmina Corporation, regarding the termination of their manufacturing services agreement.[6] Dialight filed the lawsuit seeking compensation for what it alleged were Sanmina’s fraudulent actions, gross negligence, and breaches of their contract.[7]
In 2024, Dialight's claims of fraudulent inducement against its former contractor were allowed to proceed to trial after a New York court denied Sanmina's attempts to dismiss these allegations.[8][9]
Operations
[edit]The company has three divisions:[4]
- Signals and Illumination (traffic and rail signals as well as obstruction lights)
- Solid state lights (low-energy lighting technology)
- Optoelectronics
References
[edit]- ^ "Company's Annual Report 2019" (PDF). Retrieved 10 July 2020.
- ^ "Companies House Company Report". Retrieved 10 July 2020.
- ^ Walter. "Is Dialight's market valuation shining too bright?". Walbrockresearch.com. Archived from the original on 11 March 2017. Retrieved 10 March 2017.
- ^ a b c d Share Crazy
- ^ "Dialight opens Malaysia manufacturing hub". Business Weekly. 2 July 2012. Retrieved 13 August 2023.
- ^ "Sanmina Litigation – Company Announcement - FT.com". markets.ft.com. Retrieved 12 July 2024.
- ^ "Dialight Sues Former Manufacturing Partner Sanmina Corporation – lightED". lightedmag.com. Retrieved 12 July 2024.
- ^ "Dialight brightens as court case against Sanmina goes to trial". Proactiveinvestors UK. 15 March 2023. Retrieved 12 July 2024.
- ^ Announcement, Industry (29 November 2023). "Litigation Updates: Dialight's Ongoing Legal Battle with Sanmina Corporation". EdisonReport. Retrieved 12 July 2024.
External links
[edit]
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