Karnell acquires UK-based flex7, a niche company in lighting connection and control
Karnell Group AB (publ) has acquired flex7 Ltd, a UK-based designer and manufacturer of modular lighting connection and control systems for commercial and public buildings. The company generates annual revenues of approximately GBP 9 million with strong profitability.
Founded in 1998 and headquartered in Twyford, UK, flex7 has established a leading position in a specialised segment of the electrical installation market. Its modular, plug-and-play systems enable faster installation, increased flexibility and improved energy efficiency, making them a preferred choice for many electrical installers. Over time, this has resulted in a strong brand and a loyal customer base, creating installer-driven demand across the UK.
flex7’s end markets are well diversified, with a significant share of sales linked to publicly funded segments such as education, healthcare and other public buildings, complemented by exposure to offices, retail and hospitality. This provides a stable and resilient demand profile.
flex7 represents a typical Karnell company: a niche, profitable business with a strong market position, combining a recognised brand with long-standing customer relationships and a product offering that delivers clear customer value. The acquisition marks a transition from founder ownership to long-term industrial ownership, with Karnell acquiring the company from its co-founder, who have built flex7 over more than two decades into a well-positioned and profitable business.
“flex7 has been built with a clear focus on delivering simple, reliable solutions and building long-term customer relationships. We are proud of the position the company holds today, and are glad to have found a new long-term owner who understands our business and shares our values,” says Steve Garton, co-founder of flex7.
The current Managing Director, Paul Bellamy, who has been with the company for nearly two decades, will continue in his role, ensuring continuity and long-term alignment going forward.
“flex7 has a strong platform with a loyal customer base and a recognised brand in our niche. Becoming part of Karnell allows us to continue developing the business with a long-term perspective while maintaining our entrepreneurial culture and close relationships with customers,” says Paul Bellamy, Managing Director of flex7.
“flex7 is a high-quality niche business with a strong market position, a recognised brand and a loyal customer base. The company fits well with our Product Companies business area and benefits from structural demand driven by energy-efficient and smart buildings. We look forward to supporting flex7 in its continued development,” says Petter Moldenius, CEO of Karnell.
Karnell acquires 98% of the shares in flex7 Ltd, with the remaining 2% retained by the Managing Director. flex7 will be consolidated into Karnell’s Product Companies business area.
For further information, please contact:
Petter Moldenius, CEO
Karnell Group AB (publ)
Phone: +46 8 545 891 00
or visit our website: www.karnell.se
