Electric Business

A brief summary of business news to keep you informed on company start-ups, corporate downsizing and mergers and acquisitions.

Electric Marketing provides this service as free to access here, or it can be emailed to you monthly. Just Sign Up

Berck acquires MoD supplier Fourjay

West Bromwich based metal pressings and sub-assemblies manufacturer Berck has acquired Fourjay, a presswork firm based in Aldridge. The acquisition will support Berck as it enters a new market in the defence sector, supplying fuses for the Eurofighter and F-16 fighter jets. Berck will utilise Fourjay’s deep drawing expertise and experience as a supplier to the Ministry of Defence.

Leave a Reply

Next 15 gathers momentum with Velocity deal

Next 15 has announced that it has acquired Velocity Partners, a B2B digital agency with a focus on technology clients. The £5.9m investment is aimed at improving Next 15’s data-driven content marketing capabilities, which is currently the fastest growing element of the marketing mix. Velocity Partners caters to clients that include technology multinationals such as Sprint, Xerox and Informatica. Although based in London, 70% of its revenues came from US-based companies in the last financial year.

Leave a Reply

C2events acquires Five Hats

C2events has acquired Five Hats, an event management agency that caters to the global pharma industry. The deal strengthens C2events’ existing healthcare event management capabilities and services, and falls in line with a 5 year strategy that will see the company invest in key areas such as training and development, compliance, ToV reporting, IT and finance systems.

Leave a Reply

Biffa Waste Services buys O’Brien WRS

Biffa Waste Services has agreed to take over O’Brien Waste Recycling Solutions for a cash consideration of £35.2m. O’Brien WRS operates from three locations in Newcastle, Sunderland and Teesside, recycling waste for clients that include British Steel, Fujifilm and Siemens. O’Brien WRS employs 190 people and processes approximately 350 tonnes of waste every hour.

Leave a Reply

AFH Financial Group makes triple swoop for IFAs

Worcestershire-based IFA AFH Financial Group has made a triple swoop for fellow independent financial advisors Granville Bates, Johnson Birkett and G-Force Financial. The three IFAs, based in the Cotswolds, Yorkshire and Cheshire respectively, have been bought for up to a total £1.9m.

Leave a Reply

Divorce and Family Law Practice and Lodders complete merger

Divorce and Family Law Practice (DFLP) has merged with Lodders Solicitors. The deal has seen DFLP’s 11-strong team join with the Warwickshire-based law firm with immediate effect. They will continue to work from their office St Paul’s Square, Birmingham.

Leave a Reply

KKR makes solid deal for A-Gas

The private equity firm LDC has sold A-Gas to the global investment firm, KKR. A-Gas is a supplier of refrigerant and speciality gases in the UK, South Africa and Australia.

Leave a Reply

Sumo Digital swoops for Atomhawk

Sumo Digital has acquired Atomhawk, a provider of digital art and design services that has worked on high profile projects including Marvel’s ‘Avengers: Age of Ultron’ and the videogame ‘Injustice 2’. The deal cements a longstanding relationship between the two companies, and allows Atomhawk to expand its services in preparation for the opening of a first studio in North America.

Leave a Reply

Fiserv acquires Monitise for £70m

Monitise, a provider of mobile banking and payment technologies for businesses and financial institutions, has been taken over by the American company Fiserv for around £70m.

Leave a Reply

Clearview Home Improvements bought by Conservatory Outlet Group

The Conservatory Outlet Group has purchased Clearview Home Improvements, boosting its revenues to over £40m. The acquisition is the company’s second of 2017, following its takeover of Pennine Home Improvements in April. Clearview has a strong presence in the North West, with showrooms in Nantwich, Preston and Warrington.

Leave a Reply