Price left undisclosed.
UK television and appliance brand Linsar has been acquired by the Tempo Group in Australia for an undisclosed amount.
Linsar products are available from over 600 independent retailers and department stores throughout the UK. Tempo is a supplier to the home appliance market in Australia, New Zealand, the UK and USA and the exclusive distributor for Philips and Hitachi televisions.
In a statement, the company said, “This acquisition will enable the Linsar brand to develop significantly in the UK and beyond, backed by a first class supply chain and product range.”
Linsar director Barry Kick said, “Linsar are delighted with the acquisition of the brand by Tempo. It will secure the future of the Linsar brand and further develop its value to our customers.”
A Tempo Group spokesperson added, “Tempo is excited to have the Linsar brand in the family, and together we will continue the Linsar story.”