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.
Property and security management company Orbis Protect has acquired the CCTV specialist Optosafe.
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.
The wallcovering specialist Holden Décor has been taken over by the Belgian company Grandeco. The deal is part of Grandeco’s global expansion strategy.
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.
The UK telecare company Welbeing has been acquired by the Swedish digital telecare specialist Doro.
The IT companies Newfox and Hollinbay have agreed to merge.
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.
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.