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

CMS Distribution strengthens in Europe

CMS Distribution has acquired Avesta, a specialist distributor of hardware technologies based on the outskirts of Paris. Focused on the French market for mobile solutions and high-tech products, it employs 32 people. The deal strengthen’s CMS’s position as one of Europe’s leading IT specialist value-added distributors.

Leave a Reply

Mulberry Waste acquires Mercury Recycling

Mulberry Waste Holdings, a Lancashire-based hazardous waste specialist, has bought Mercury Recycling. Mercury’s expertise is in recycling hazardous waste products that contain mercury, such as batteries, fluorescent light tubes and gas meters. It has turnover of £2.5m and 34 staff, and will continue to operate from its base in Trafford Park.

Leave a Reply

Sills & Betteridge merges with Bridge Sanderson Munro

Sills & Betteridge has merged with legal practice Bridge Sanderson Munro as it looks to make inroads into South Yorkshire. The deal means Sills & Betteridge now has 14 offices across Lincolnshire, South Yorkshire and the East Midlands.

Leave a Reply

ANS Group acquires long-term partner Alithya UK

Manchester-based cloud and managed services provider ANS Group has acquired Alithya UK from its Canadian parent company. The two companies have worked together for a number of years, with Alithya specialising in Microsoft Dynamics.

Leave a Reply

Severfield agrees £25m deal for Harry Peers & Co

North Yorkshire structural steel specialist Severfield has agreed to buy Harry Peers & Co for up to £25m. Based in Thirsk, Severfield will pay an initial £18m for the firm, with an additional consideration of £7m payable on condition of meeting certain performance targets. Severfield’s previous projects include The Shard, the Olympic Stadium and the Tate Modern.

Leave a Reply

15 jobs saved at Success Flow Digital

Leeds agency Success Flow Digital has been saved from administration by Dutch group YouWe, saving 15 jobs. Success Flow was established eight years ago as a martech consultancy. YouWe is a full service digital agency based in the Netherlands which offers services including data and intelligence, design, e-commerce and staffing.

Leave a Reply

Naked Wines offloads Lay & Wheeler for £11.3m

Following from recent news of Majestic Wine’s plans to streamline its business to focus on Naked Wines, it has been announced that Naked has sold fine wine merchant Lay & Wheeler for £11.3m. Founded in Colchester in 1854, Lay & Wheeler is one of the country’s oldest wine merchants. It was bought for £6m by Naked Wines in 2009, and will now change hands to Coterie. Its warehouse and storage subsidiary Vinotheque is also included in the deal.

Leave a Reply

L&Q acquires Trafford Housing Trust

L&Q, one of the UK’s largest housing associations and developers, has completed the acquisition of Trafford Housing Trust (THT). The deal creates a £1bn+ turnover group with more than 110,000 properties nationwide and £4bn lined up in investment to create 20,000 new homes in the North West.

Leave a Reply

Housing Plus agrees merger with Stafford and Rural Homes

Stafford and Rural Homes and Housing Plus Group have agreed to merge. The combined group, which will operate under the Housing Plus brand, will own and manage around 18,000 homes and provide employment, training and apprenticeships for 800 local people. The group will include landlords Severnside Housing, South Staffordshire Housing Association and Stafford and Rural Homes. With the deal, it is promising 2,000 new homes and 100 apprenticeship places.

Leave a Reply

Jerroms and Blue Sky Corporate Finance to merge

West Midlands financial services firms Jerroms and Blue Sky Corporate Finance have agreed to merge. Based in Solihull, Jerroms is an accountants and business adviser while Birmingham and Bromsgrove-based Blue Sky provides corporate finance, due diligence, accountancy and consultancy services to small and medium sized businesses.

Leave a Reply