Wavenet has announced the acquisition of Talk Internet, a business services and communications solutions provider. Wavenet intends to use its increased scale and resources to expand its product range and offer a more robust, automated technical platform for better customer service. Wavenet is a UK provider of business voice and data solutions that was recently the recipient of over £30m of capital investment from Beech Tree Private Equity.
Victrex has acquired fibre manufacturer Zyex. Victrex is a global leader in high performance polymer solutions, whilst Zyex specialises in the production of PEEK-based fibres for the aerospace, automotive and industrial sectors. The move will allow Victrex to accelerate the development of new markets and explore the potential of additive manufacturing within the fibres segment, following on from the announcement of its own 3D printing consortium in 2016.
Arden Group has acquired Birmingham-based company Computerworld Business Solutions. CBS’s IT support and services experience bolsters Arden’s existing managed service offering, and forms part of the company’s long-term strategy to build a more comprehensive service that dispenses with the need for other suppliers. CBS will eventually be brought under the Arden Group brand.
Japanese security services giant Secom has acquired Scan Alarms. The deal provides Secom with a strategic presence in Ulster and cements the longstanding relationship between the two companies. Scan Alarms is a provider of specialist security services for all types of residential, commercial, industrial, private and public premises.
Global professional services company Accenture has completed the takeover of Genfour, a specialist in robotic process and artificial intelligence technologies based in Wales. Genfour’s expertise will allow Accenture to provide clients with data-driven insights for ‘faster, more informed business decisions’ and better quality customer service. Accenture has trained more than 70,000 professionals on new architectures, intelligent platforms and automation over the past year, and implemented automation solutions with over 80% of Accenture Operations clients to date.
Philippine manufacturing solutions company Integrated Micro-Electronics (IMI) has bought an 80% stake in the specialist contract electronics manufacturer STI Enterprises. STI operates two factories and a design centre in the UK, as well as a factory in Cebu. The company provides electronics design and manufacturing services in both circuit board assembly and full-box build manufacturing for high-reliability industries. The acquisition forms part of IMI’s strategy to expand into the aerospace and defence markets.
American instrumentation and monitoring company GEO-Instruments has been acquired by the Keller Group. GEO-Instruments supplies, manufactures, installs and integrates monitoring systems for buildings, excavations, bridges, railways, roads, tunnels, dams, embankments and slopes. This technology is used to control construction quality and monitor structural, ground and environmental properties such as vibration and noise. Keller is a global ground engineering company that is headquartered in London and employs approximately 10,000 people.
Egton Network Services, a division of Egton Medical Information Systems, has been bought by the Microtech Group. Egton Network Services is a provider of flexible network solutions, infrastructure design and implementation, combined with hardware provision. The £2m business will form a new arm of the Microtech Group, to be known as Microtech Enterprise Network Services.
Vp plc, the equipment rental specialist, has followed its recent acquisition of Jackson Mechanical Services with the purchase of Zenith Survey Equipment for a cash consideration of £3.85m plus assumed debt of £2.3m. Zenith deals in the rental and sale of specialist survey and safety equipment from seven locations across the UK. The company will be integrated into ESS Safeforce, which is part of Vp’s wider tool hire business Hire Station.
Marketing services specialist Hangar Seven has been acquired by The Hut Group. The deal sees the exit of Catapult, which bought the company in 2011 and makes a 3x return with its sale. Hangar Seven specialises in content creation, catering to clients that include B&Q, Boots, DFS, Diageo, Tesco and Unilever. The Hut Group operates over 100 profitable websites that sell premium, non-perishable FMCG direct to the consumer, with brands such as Myprotein, lookfantastic and Zavvi under its roof.