Dewhurst Group PLC on Tuesday said it reached an agreement with Avire Ltd to secure the exclusive rights to the E-Motive brand and all products within the E-Motive range.

The London-based supplier of components to the lift, transport and keypad industries noted its announcement in May, in which it outlined its decision to exit the displays and position indicator market and discontinue manufacturing the E-motive range of elevator displays from October 2023.

With Avire’s support, Dewhurst said it has structured a transition plan where Dewhurst will take on the E-Motive brand and continue to manufacture E-Motive products. These will then be sold via existing Dewhurst companies across the world, as well as its latest addition Dewhurst Singapore.

‘For over 100 years Dewhurst has championed innovation, service and supply of quality products to meet the needs of our customers and are fully committed to providing premium position indicator and display products,’ Dewhurst said in a statement.

‘We look forward to working with our customers as we continue our plans to fulfil this objective.’

On Monday, Dewhurst said it delivered improved interim results, despite the challenge of inflation in its major markets.

It reported pretax profit in of £4.0 million in the six months that ended March 31, up 8.4% from £3.7 million a year prior, on revenue from continuing operations of £30.4 million, up 12% from £27.1 million.

Dewhurst said sales in its Lift division grew in most regions, while sales in its Keypad division saw a ‘modest recovery’. Overall Transport sales were fairly similar to the previous year, the company said.

It noted that sales in the Keypad division continue to be ‘quite volatile and unpredictable’ month-to-month.

Two classes of shares in Dewhurst were quoted at 1,055.00 pence and 610.00p each in London on Tuesday at midday, having last traded at 1,015.00p on Friday opening last week and 634.00p on Monday morning this week.

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