- Smart homes equipment provider LightwaveRF said it would consider selling the entire company as part of a strategic review.

LightwaveRF said it had appointed BDO as its financial adviser.

The company claimed to be the only UK group offering fully integrated products that enabled in-home control, monitoring and automation of lighting, heating and power.

'The company has made good progress in sales growth and establishing multiple channels to market and commercial partnerships with globally recognised brands,' it said.

However, it added: 'The board also believes that the company would benefit from additional finance from a financial or larger corporate partner in order to support the board's growth plan.'

'Whilst the company has been able to raise equity finance to support its development, the board believes that the recent fundraisings have taken up more of management's time than desired, relative to the amounts raised and this has adversely impacted growth.'

LightwaveRF said it would prefer a minority investment with the scope for existing investors to participate.

But it also recognised that, given its current market capitalisation, any meaningful investment could trigger the requirement for a mandatory bid under takeover rules. At 1:33pm: [LON:LWRF] LightwaveRF Plc share price was +0.1p at 4.1p

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