The Irish Examiner reports that Glen Dimplex, the electrical goods company owned by Martin Naughton, has acquired a British firm Applied Energy Products.
Applied Energy Products based in Cambridgeshire in England, is involved in the manufacturer of water heaters, ventilation products and radiators.
The paper says the takeover has been notified to the Competition Authority, as some of Applied Energy Products are sold in Ireland. Based on the profitability of Applied Energy Products, the takeover could have cost Glen Dimplex in the region of €20-25m, the Examiner says.
