Electric Business

A brief summary of business news to keep you informed on company start-ups, corporate downsizing and mergers and acquisitions.

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Asahi Europe purchases Fuller, Smith & Turner’s beer business for £250m

Fuller, Smith & Turner has sold its entire beer business to Asahi Europe. The £250m deal gives Asahi ownership of Fuller’s beer, cider and soft drinks brewing and production, wine wholesaling and includes the Griffin Brewery, Cornish Orchards, Dark Star Brewing and Nectar Imports. In addition, Asahi now has ownership of brands, including London Pride, on a perpetual, global, exclusive and royalty-free basis. Ownership of the licensed trademarks is retained by Fuller’s.

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Upper Street Events bought by Immediate Media

The consumer events specialist Upper Street Events has been bought by consumer magazine publisher Immediate Media. The acquisition, which will see Upper Street Events relocate to Immediate Media’s London office, is part of Immediate Media’s strategy of transforming into a multiplatform consumer company.

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The Co-op to sell Markerstudy for £185m

The Co-op has announced it is selling its insurance underwriting business to Markerstudy for £185m. Co-op will continue to sell insurance products and as has agreed to work with Markerstudy to distribute motor and home insurance products as part of the deal.

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Knights buys BrookStreet des Roches.

The legal and professional services company Knights has bought Oxfordshire-based law firm BrookStreet des Roches.

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Premier Technical Services Group buys Trinity Fire & Security

Trinity Fire & Security Systems has been acquired by Premier Technical Services Group.

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Forward 3D and PMX Agency announce merger agency: ForwardPMX

Forward 3D and PMX Agency have announced they are to merge, creating a new global brand performance agency ForwardPMX. Part of the Stagwell Group, ForwardPMX will have 700 people and 20 offices operating across North America, EMEA and APAC.

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Tracsis buys Cash & Traffic Management and Compass

Transport software provider Tracsis has completed the acquisitions of Cash & Traffic Management for £1.7m and Compass for up to £5.25m. CTM provides event traffic planning, admission control and other event-related services, employing 20 staff. Compass, meanwhile, is an Irish data analytics firm that will augment Tracsis’ traffic and data services capabilities.

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Purpose Software acquired by European tech firm

Purpose Software, a provider of service management software for managed print services (MPS) firms, has been bought by Danish business Asolvi. The combined business will have 900 customers across 30 countries.

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Guest Investments buys Boss Direct and Browns CTP

Bolton-based Guest Investments has sealed a £5.5m deal for print businesses Boss Direct and Browns CTP. The deal includes a 26,000 sq ft facility in Middleton as well as three Heidelberg presses with cut-star delivery systems. The combined printing business will trade as Browns while the Boss Direct name will be retained in Bolton as the office equipment and furniture arm.

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Bridgestone Europe navigates deal for TomTom Telematics

Tyre specialist Bridgestone Europe has agreed to acquire TomTom Telematics for €910m (£800m). TomTom Telematics is TomTom’s digital fleet solutions business. Its expertise will complement Bridgestone’s global service network as it moves to become a leader in the Mobility as a Service (MaaS) sector. Bridgestone will profit from TomTom’s vehicle and tyre operating insights, with access to a user base of 860,000 vehicles communicating 200 million data points per day.

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