Acano, a provider of collaboration infrastructure and conferencing software, has been taken over by Cisco. The £490m deal strengthens Cisco’s position in the fast growing video conferencing market.
Hope Construction Materials has been acquired by Breedon Aggregates. The deal creates the UK’s largest independent producer of cement, concrete and other building materials. Breedon operates 53 quarries, 26 asphalt plants, 59 ready-mixed concrete plants. Hope, established in 2013 following the divestment of assets from LaFarge and Tarmac, is a producer of cement, concrete and aggregates.
The world’s largest hotel company has been formed following the £8bn acquisition of Starwood by Marriott. Starwood’s brands in the UK include Le Meridien, Westin, Element and Sheraton. Marriott operates 63 hotels across the UK.
The gear technology manufacturer Renold has acquired the German company Aventics Tooth Chain for £4.5m. The deal will improve the geographical range of Renold’s sales.
The private equity firm Palamon has bought a majority stake in The Rug Company. Established in 1997, The Rug Company specialises in luxury handmade rugs.
The world’s largest biopharmaceutical company has been created following the announcement that Pfizer and Allergan are to merge in a £100bn deal. The Allergan parent company will be the parent company of the combined group, but will be renamed ‘Pfizer plc’ as part of the deal. Pfizer is best known over-the-counter products include Anadin and ThermaCare. Allergan develops products for eye care, skin care and various speciality markets.
The Canadian company CCL Industries has bought Worldmark, a manufacturer of pressure sensitive materials for the technology industry.
Wincanton has agreed to sell its records management business to Restore for £60m. The deal consolidates the UK’s records management sector and gives Restore control of a company which has operations in London, Dublin, Bristol, Telford and Motherwell.
Chase Templeton has continued its expansion strategy with the acquisition of Healthcare Solutions.
Epwin Group has acquired Vannplastic for £5.2m. Epwin manufactures low maintenance building products for the social housing sector. Vannplastic, established in 2002, trades as Ecodek and manufactures hardwood substitute for balconies and outdoor decking.