Petrol station and forecourt operator EG Group has moved to strengthen its technology systems with the acquisition of GB3, an IT services provider based in Preston. GB3’s founder and CEO, Graham Billsborough, will join EG Group as chief information officer following completion of the deal.
The food chain EAT is to disappear from the high street following its acquisition by Pret a Manger. Following completion of the deal, Pret plans to convert as many of the 100+ EAT stores as possible to its Veggie Prets chain of vegetarian restaurants.
British Steel, the UK’s second-largest steel company, has been placed in compulsory liquidation following the breakdown of negotiations between the UK Government and owner Greybull Capital. Previously known as Tata Steel, British Steel was bought by Greybull for £1 in 2016 with the promise of sustained investment, but it has asked for financial help from the UK Government to help it cope with “Brexit-related issues”. British Steel currently employs 5,000 people across several sites in the UK, and will continue to trade as normal as it seeks a new buyer. Labour Party leader Jeremy Corbyn has called for it to be nationalised, to “protect people’s livelihoods and communities”. The UK Government says it will leave “no stone unturned” in trying to find a solution.
Quantuma has completed a merger with Kingsland Business Recovery. The deal sees Quantuma take on Kingsland’s offices in Birmingham, Bradford and Nottingham. Founded in 2013, Quantuma has grown to a £20m turnover business with around 150 staff.
Doncaster business Butts of Bawtry has completed a management buyout. Butts specialises in garage and workshop equipment, spare parts, health and safety equipment, MOT bay equipment, security products, workshop essentials and automotive tools. Established in 1971, it employs 30 people and turns over around £5m.
Leeds-based IT support business Interface (DCB) Technology (IDT) has been acquired by Ripon firm CCS 2000. CCS 2000 merged with Fresh Mango Technologies, based in the British Virgin Islands, in 2015, allowing it to expand its remote support hours to clients on both sides of the Atlantic. CCS 2000 owner and MD Guy Phoenix commented that the deal “underlines the strength of the Group’s recovery after Hurricane Irma destroyed our sister company […] in 2017.”
Jamie Oliver Restaurant Group has gone into administration with the loss of 1,000 jobs. The group that was set up by the TV chef includes the restaurant brands Jamie’s Italian and Fifteen London. The company has been in financial difficulty for several years and has been reducing the number of restaurants it operates. All but three of the company’s 25 restaurants have been closed with immediate effect.
Liveforce, an on-demand workforce management platform has agreed to acquire promotional staffing software Watu. The acquisition will make Liveforce the largest promotional staffing platform in the UK by clients and field staffing volume, as well as a big player in Australia.
RZ Group has been acquired by Outsource UK, a Swindon-based specialist staffing agency operating in technology, engineering and change. The deal provides an opportunity for Outsource UK to gain a Scottish presence, means the company now has seven offices nationwide and increases its headcount past 100.
Elucigene Diagnostics, a Manchester based molecular diagnostics group, has agreed a £9.2m deal to acquire Yourgene Health. Yourgene specialises in developing and commercialising genetic products and services. Its first commercialised CE-IVD products are non-invasive pre-natal screening solutions for Down’s syndrome and other genetic disorders.