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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

Wed, 26/08/2020
The independent property consultancy Pennycuick Collins has merged with Cosnett Price in a deal which strengthens its commercial practice. Cosnett Price’s client base consists mainly of commercial property investors and occupiers across the West Midlands region.
Wed, 26/08/2020
Property and security management company Orbis Protect has acquired the CCTV specialist Optosafe.
Wed, 26/08/2020
One of the UK’s largest Oracle partners has been formed following the announcement that DSP is to acquire Explorer. The deal will boost DSP’s revenues to over £20m.
Wed, 26/08/2020
The wallcovering specialist Holden Décor has been taken over by the Belgian company Grandeco. The deal is part of Grandeco’s global expansion strategy.
Wed, 26/08/2020
Audit, risk and compliance software developer Ideagen has bought rival company Qualsys for £15.6m. Established in 1995, Qualsys has a number of high profile clients, including Diageo, Unilever, Honeywell and BT. The deal strengthens Ideagen’s cloud platform.
Wed, 26/08/2020
The UK telecare company Welbeing has been acquired by the Swedish digital telecare specialist Doro.
Wed, 26/08/2020
The IT companies Newfox and Hollinbay have agreed to merge.
Fri, 21/08/2020
The Formula 1 team Williams Racing has been bought by American private investment firm Dorilton Capital. Williams, winner of multiple titles in the 1980s and 1990s, has not won a race since 2012 and will hope this acquisition secures its long term future. Liberty Media, owner of Formula 1, is planning to restructure the sport’s finances from 2021 onwards to reduce the financial and sporting disparity between competitors.
Tue, 18/08/2020
Marks and Spencer has announced it is to cut 7,000 jobs as it continues to respond to the tough trading conditions caused by the ongoing Covid-19 pandemic, with total revenue down 38.5% in the last 13 weeks. The departures will take place over the next three months and include regional management, central support centre staff and UK stores.
Tue, 04/08/2020
Retail Money Market (RMM) has been bought by Metro Bank in a deal worth up to £12m. RMM has traded as Ratesetter since 2010 and is a peer-to-peer lender.