Electric Business brings you the top news stories in company mergers and acquisitions.
Toughened glass manufacturer GLC Holdings has been acquired by the investment company Alcuin Capital Partners. GLC sells its products via its trading subsidiary TuffX Processed Glass.
One of the biggest deals in videogame industry history has been announced, with Microsoft agreeing to buy Activision Blizzard for £50bn. The deals makes Microsoft the third largest gaming company by revenue, and gives it control of some of the most well known brands in videogaming, including Warcraft, Diablo, Overwatch, Call of Duty and Candy Crush. Microsoft is aiming to make all these brands available on Game Pass, its subscription service which recently reached 25m subscribers.
Technology services specialist Harlequin Group has been taken over by Telent.
Recycling facilities operator Casepak has been acquired by Reconomy Group.
Pest control technology company Pelsis Group has expanded its southern European operations with the acquisition of the Spanish companies Sanitrade and Vesta Distribuciones.
Italian online gaming operator Sisal has been acquired by Flutter Entertainment. The £1.62bn deal further expands Flutter’s position in the Italian market, where it already trades through the PokerStars and Betfair brands.
AppToPay has been taken over by Secure Trust Bank (STB). The deal speeds up STB’s entry into the digital Buy Now Pay Later sector.
The architecture practice Loop Systems has been acquired by Place Capital Group.
Metnor Holdings, owner of IBOSS Asset Management and Novus Financial Services, has been acquired by Kingswood Holdings. The deal means Kingswood now has £3bn of assets under management.