Lisburn-Based Refrigeration And Catering Equipment Rental Company Lowe Purchases Abbey Design Associates And Spherica Systems
Lisburn-based refrigeration and catering equipment rental company Lowe has purchased Abbey Design Associates (ADA) and Spherica Systems.
As reported by The Irish News, the acquisition of ADA adds a substantial level of commercial refrigeration design and consultancy expertise to the group.
Spherica, which is a recognised innovator in the IoT remote monitoring space, will reportedly join Lowe's global LoweConex brand, bringing a unified data platform to the international marketplace.
Lowe Chief Executive Statements
Lowe chief executive Rodney Lowry reportedly said, "With innovation and a customer-focused approach at our core, these two expectational businesses are a perfect fit to join our high-performing group of brands.
"There are excellent synergies between the companies, and this can be seen in aligned cultures around customer service and our reputation as trusted innovators.
"Together we can take a great step forward, providing market leading end-to-end asset management control through IoT technology platforms, a first for the food grocery market."
Lowrey reportedly added, "The teams from Lowe, ADA and Spherica complement each other extremely well and I'm delighted to have all formalities of the deal completed, clearing the way for our teams to start the business of building a collective powerhouse in food retail and associated markets."
ADA And Spherica Founder Statement
Founder of both ADA and Spherica Garry Turner reportedly said, "The acquisition of our businesses by Lowe is a welcome milestone for us.
"Having the backing of such a large, globally respected company unlocks new and significant growth potential in markets and geographies that historically would have been out of reach."
Lowe, which was founded in 1977, provides worldwide rental options on refrigeration and catering equipment and temporary kitchens to retailers, food distribution companies, large-scale F&B exhibitions, and events, and has a network of offices, teams and distribution hubs across Europe, the US, the Middle East and Asia, which have enabled it to serve on the ground 40 countries and sell into more than 140 countries.
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