Last checked at 27 Jun 2023 07:00
Dewhurst Group PLC
(the "Company")
Displays and Position Indicators
Dewhurst Group plc (AIM:DWHT) is pleased to announce that Dewhurst Group plc has reached agreement with Avire Limited ("Avire") to secure the exclusive rights to the E-Motive brand and all products within the E-Motive range.
In May 2023 Avire announced their decision to exit the displays and position indicator market and discontinue manufacturing the E-motive range of elevator displays from October 2023.
With Avire's support we have structured a transition plan where Dewhurst will take on the E-Motive brand and continue to manufacture E-Motive products. These will be sold through existing Dewhurst Group companies globally, as well as through Dewhurst Singapore, the latest addition to the Dewhurst Group.
For over 100 years Dewhurst has championed innovation, service and supply of quality products to meet the needs of our customers and are fully committed to providing premium position indicator & display products.
We look forward to working with our customers as we continue our plans to fulfil this objective.
Contacts:
Dewhurst Group Plc Tel: +44 (0)208 744 8200
John Bailey, CEO
Jared Sinclair, Chief Financial Officer
www.dewhurst-group.com
Singer Capital Markets (Nominated Adviser and Sole Broker) Tel: +44 (0)207 496 3000
Rick Thompson / Alex Bond / James Fischer