Login
 
MENU

Kreston Reeves and DMH Stallard advise Lodge Group on sale to Diploma PLC

Kreston Reeves and DMH Stallard have advised Lodge Group, including its two subsidiaries FC Lane Electronics Ltd & Weald Electronics Ltd, on its sale to Interconnect Solutions Group, a subsidiary of Diploma PLC.

 

Based in Horsham, West Sussex, Lodge Group and its subsidiaries are one of the UK’s leading supplier and distributor of specialist electrical connector products. For over 60 years, the Lane family have built and managed a successful and trusted business that has been at the heart of the UK electronics industry.

 

Interconnect Solutions Group is a group of businesses that supplies electrical-mechanical products and high-performance interconnect solutions across a range of industries. The group is headquartered in the UK, with additional locations in Germany, Czech Republic and the USA.

 

The transaction follows the passing of FC Lane Electronics founder and chairman Frederick Lane in 2024. 

 

The sellers were supported by a multi-disciplinary advisory team from both Kreston Reeves and DMH Stallard.

 

The Kreston Reeves team was led by Corporate Finance Director Darren Hurdle and M&A Associate Director Jihad Karambizi, with Corporate Tax Senior Manager Zhen Bailey providing corporate tax advice. 

 

DMH Stallard advised the sellers on all legal aspects of the deal. The team was led by Corporate Partner Mark Diamond and included Kay Miles and Carolina Colman (Corporate), Liz Gillingham (Commercial), Greg Burgess (Employment), and Rebecca Collard (Real Estate).

 

Commenting on the sale, Darren Hurdle said: “Lodge Group has been a long-standing client of Kreston Reeves. We have seen the business grow to over 70 employees and build a loyal customer base around the world. Whilst the sale follows the sad death of its founder, we are delighted to have played a part in finding new owners for the business that will continue its journey.”

 

Mark Diamond, Corporate Partner at DMH Stallard, said: “This transaction represents an important new chapter for Lodge Group and its subsidiaries. We were pleased to work closely with the team at Kreston Reeves to support the shareholders through the sale process and help position the business for continued growth under new ownership.”

 

Rosemary Lane, a director of Lodge Group said: “We are enormously grateful to the team at Kreston Reeves and the law firm DMH Stallard for their incredible and hands-on support throughout the transaction. This sale to Interconnect Solutions Group will see the business continue to grow and thrive.”

 

Paul Campbell, Managing Director, Interconnect Solutions Group, said: “FC Lane Electronics Ltd and Weald Electronics Ltd are hugely respected businesses with strong reputations across the global connector sector. We are delighted to acquire the companies, and we look forward to continuing to invest in the businesses and their people for the benefit of our customers.” 

Accounting / Financial Services

news

Related news

The latest Lloyds House Price Index reports that average UK house prices fell by 0.2% in August and by 0.4% on an annual basis. This was the first year-on-year decrease since November 2023.
A short-let boom is running through Sussex, Kent and Surrey — but a standard buy to let mortgage was never built for it. Here's what I tell clients before it becomes a problem.
Leading Hampshire, Sussex and South East accountancy firm Carpenter Box, part of the Sumer Group, has strengthened its presence across the Solent region with the opening of a new Southampton office and the appointment of Business Services Partner Kate Cooper.
A survey of owner-managed and SME businesses by accountants and business advisers Kreston Reeves and AAB (in partnership with the Association of Practising Accountants) has found little support or confidence in the government, with 97% rating its support as ‘poor’ or ‘very poor’.
Construction activity dropped again in August after signs of life in July and the overall picture remains weak...
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm.   Inflation in the Eurozone has edged higher again, rising from 2.9% in July to 3.3% in August. This is a cause for concern – reinforcing worries that price pressures are proving more stubborn than policymakers would like and raising concerns that interest rates may have to rise again in the near future.  But does the European Central Bank have to act now? Having already raised interest rates in June, rising inflation adds weight to the case for another hike in September. On the one hand, this is due to short-term economic shocks. Energy prices have significantly increased in the last six months as a result of the Middle East crisis, and clearly a resolution to the ongoing conflict would bring welcome relief for the European economy. If this is just a temporary spike in prices, more restrictive monetary policy is not necessary and could derail an already teetering European economy.   However, the ECB cannot afford to let transitory inflation become embedded, and therefore structural. If inflation expectations stay high, higher costs will begin feeding through into wages and services inflation, creating the conditions for long-term inflation troubles. As inflation surged across 2021 and 2022, the ECB took the position that this was a ‘transitory’ phenomenon, holding rates low and allowing inflation to become embedded. If needed, policymakers will be ready to raise rates to prevent this happening again.   The ECB faces a dilemma: a trade-off between higher interest rates and economic cost. Higher borrowing costs will continue to squeeze heavily indebted households, weaken housing markets and make investment more expensive for businesses. For SMEs in particular, another increase in financing costs could mean investment plans being indefinitely postponed or abandoned altogether.   Governments across the Eurozone also face an uncomfortable trade-off. Higher interest rates increase the cost of servicing public debt, potentially reducing the fiscal room available for tax cuts, infrastructure investment and other spending priorities. Attempts to compensate households through broad fiscal support could, meanwhile, add further demand to the economy and complicate the ECB’s task of bringing inflation to a halt.   The wider concern, therefore, is not simply that inflation has passed 3%. It is that the Eurozone — and more broadly, Europe — could enter the last quarter of the year stuck between sticky inflation and increasingly restrictive monetary policy. The ECB’s top priority remains price stability, but the economic cost of achieving this may become an expensive burden that the Eurozone economy can ill-afford.
A lot of us in the Gatwick Diamond have noticed the cranes going up around the airport this year. What I don't think everyone has clocked yet is what that £2 billion of construction work actually means for anyone sitting on a spare property nearby — it means people, and people need somewhere to stay. I've written a bit about what's changed in short-term let and serviced accommodation lending, and why this corner of Sussex is worth a proper look right now.
Somebody counted it up for me the other week: the UK has managed seven prime ministers in ten years. The Gatwick Diamond, by contrast, has had the same seven council areas throughout. By April 2027, two of them will have a different name on the letterhead. Andy Burnham has been in post since 20 July, following June's resignation at Number 10. My phone got busy shortly afterwards, and almost none of it was about politics. A family printing and packaging business over towards Horsham rang me. Three generations in, they have outgrown their unit and want to buy something bigger. They had parked the decision in the spring and were wondering whether they had been sensible or simply slow. That is the question underneath every one of these conversations. Not what the government thinks. Whether the money is there, and what waiting really costs. So here is where things stand, for a region of 45,000 businesses and a £24bn economy spread across seven councils and roughly 750,000 people.
National accountancy and advisory firm, MHA, the UK member firm of Baker Tilly International, has moved into Crawley as part of a wider investment in the Gatwick Diamond, creating a platform for growth following its IPO and increasing demand for its services across the South East...
UK inflation has moved back in the wrong direction, rising from 2.6% in June to 2.9% in July. While the increase was widely expected, it is a signal that inflation is likely to rise across the latter half of 2026.
The UK economy continues to bump along without any momentum as the unemployment rate remained unchanged at 4.9% in June, with weakness in job vacancies and slower wage growth pointing to a labour market that is considerably less tight than a year ago.
The UK housing market did not grow in July, according to the Lloyds House Price Index, and growth remains sluggish in the longer term, with prices growing by only 0.1% year-on-year.
Carpenter Box, part of the Sumer Group, has demonstrated its commitment to recognising and developing talent with 18 promotions across the firm...
July’s construction PMI suggests the pace of contraction is easing but activity still remains well below the 50 threshold...
Morr & Co continues to invest in its growing private client practice with the appointment of partner Michael Charalambous...
The GfK Consumer Confidence Index for July came in at -17, an improvement on -23 recorded in June...
Inflation fell to 2.6% in June, marking a welcome piece of good news for the incoming Prime Minister and his Chancellor as they look to set out their policy agenda.
The June public sector borrowing data provides an early warning to the new Prime Minister and his incoming Chancellor, John Healey, of the scale of the challenge ahead.
The UK labour market is failing to gain momentum as the unemployment rate held at 4.9% in May while earnings growth (excluding bonuses) remained at 3.4%.
London 21 July 2026: MHA, a leading professional services provider of audit and assurance, tax, accountancy and advisory services, is pleased to announce its unaudited preliminary financial results for the year ended 31 March 2026.
See all news

What's next?

Call usAbout usMembershipMembers
gdb Awards 2026

This site uses cookies.

Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used. For more detailed information on the cookies we use, please check our Cookie Policy

Select preferencesReject optionalAccept all

Cookie preferences

This website uses cookies so that we can provide you with the best user experience possible. Our Cookie Policy explains in detail how and why we use cookies. To take full advantage of our website, we recommend that you click on "Accept all". You can change these settings at any time via the button "Update your cookie preferences" in our Cookie Policy.

Necessary cookies (required)

Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.

Analytical cookies

Analytical cookies help us to improve our website by collecting and reporting information on its usage.

Submit preferencesAccept all