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The company also successfully elevated its margin from 17% to over 22%, a crucial achievement post-pandemic. He attributes some of the progress made to a strategic focus on reducing overhead costs, which have fallen by around by 20% and enabled a sharper emphasis on core business and global opportunities, particularly in thriving regions like the
Embracing a partnership-driven approach, Light Science Technologies aims to expand its reach through collaborations with experts in glasshouse and vertical farm construction. Deacon says the recent acquisition of TomTech, a well-established player in control systems, irrigation, lighting, and sensors for controlled environment agriculture, holds immense promise. With over 37 years in the market and a vast client base, this acquisition strengthens the company's position and offers synergies for future growth.
He expects the integration with TomTech to enhance installation capabilities and product offerings, enabling both companies to leverage their strengths.
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