Electric Business brings you the top news stories in company mergers and acquisitions.
British lifestyle brand Ted Baker has been acquired by Authentic Brand Group (ABG). After competition of the £211m deal, Ted Baker will be split into an intellectual property holding company, controlled by ABG, and a number of operating companies responsible for physical retail, ecommerce and wholesale operations. ABG owns several well known brands, including Reebok, Brooks Brothers, Nautica, and Eddie Bauer.
Australian manufacturer Novus Sealing has been taken over by The Flexitallic Group.
Wavenet has established itself as a market leader in the UK cyber security sector with the acquisition of OGL Computer Support and its subsidiary companies.
Market leading accountancy software developer Sage Group has acquired cloud technology specialist Lockstep. The deal strengthens Sage's digital network.
Instalcom has strengthened its specialist fibre capabilities with the acquisition of Opals. Based in Peterborough, Opals is a provider of telecommunications infrastructure services.
Homewares distributor Portmeirion has acquired the AormaWorks London brand, intellectual proper and certain stock, trade and assets from AromaWorks, which is currently in administration. AromaWorks manufactures a range of home fragrance products.
A management buyout has been completed at Alcomet, which sees managing director Chris Beasley take over full control of the company from founder Gary James. Alcomet is a specialist supplier of electrical metals and components to the electricity sector.
Macquarie Asset Management has bought the Suez UK waste business from Veolia for £2bn. The transaction gives Veolia additional investment capacity to finance growth in high value-added markets.
The consulting firm RPS has agreed to be taken over by Canadian company WSP. The £625m deal brings WSP’s worldwide workforce to around 70,000.
London Catering & Hygiene Solutions, a £5m turnover distributor of catering supplies and cleaning and hygiene products, has been acquired by Bunzl.