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

Dennis Publishing acquires Kiplinger

Dennis Publishing has expanded its portfolio in the USA with the acquisition of the financial publisher Kiplinger.

Leave a Reply

Park Place Technologies acquires MCSA

The data center maintenance firm Park Place Technologies has acquired the business-critical IT services provider MCSA.

Leave a Reply

Smith & Nephew takes over Osiris Therapeutics in £500m deal

Osiris Therapeutics, a biotechnology company which specialises in regenerative medicine products, has been taken over by in Smith & Nephew in a deal worth around £500m.

Leave a Reply

M Restaurants merges with Gaucho

The founder of M Restaurants Martin Williams has ‘come full circle’ by merging his business with steakhouse chain Gaucho, which he previously led for several years. The deal brings together M Restaurants’ three venues and Gaucho’s 16 restaurants, with M’s shareholders exiting the business. Following the transaction, Gaucho’s holding company Lomo Bidco will be renamed Rare Restaurants and both subsidiary brands will operate independently, although with a shared head office and senior management team. Lomo Bidco bought Gaucho out of administration in September.

Leave a Reply

BDA Logistics Innovation bought by Carousel

UK logistics company Carousel has bought BDA Logistics Innovation. The deal strengthens Carousel’s reach in Europe in the high-value, time-critical aftermarket parts services sector. Carousel’s improved offering will be underpinned by its proprietary technology platform Gateway, which offers clients access to transport data across their supply chain.

Leave a Reply

National Grid acquires Geronimo Energy for £95m

National Grid Ventures (NGV) is to move into the American renewable energy generation market with the acquisition of Geronimo Energy for £95m. Established in 2004, Geronimo Energy is based in Minneapolis. Its track record includes 2.3GW of wind and solar generation projects, with another 6GW of projects in the pipeline at various stages of development.

Leave a Reply

Philip Day to buy Bonmarche in £5.7m deal

Billionaire businessman Philip Day, the CEO and owner of Edinburgh Woollen Mill Group, has offered to buy womenswear retailer Bonmarche in a deal worth £5.7m. Established in 1982, Bonmarche now has 312 shops and employs 1,900 full-time equivalent people.

Leave a Reply

UKTV channels split up by BBC Studios and Discovery

UKTV, the owner of a range of digital TV channels, is to be split up following a series of agreements between BBC Studios and the American media company Discovery. BBC Studios is to pay Discovery £173m to take full control of UKTV’s entertainment channels Alibi, Dave, Drama, Eden, Gold, Yesterday and W. In addition, BBC Studios also now owns the digital player UKTV Play and the UKTV brand. Discovery takes full control of the lifestyle channels Good Food, Home and Really.

Leave a Reply

Minimum wage increases by 4.8%

From 1 April 2019 the minimum wage, now known as the National Living Wage, went up to £8.21 an hour for workers over the age of 25. This is an increase of 4.8%. For people aged 21 to 24 the minimum wage increases to £7.70, while 18 to 20 year olds must be paid at least £6.15 and under-18s £4.35. The rate for apprentices is now £3.90.

Leave a Reply

Speedy Hire buys Lifterz

UK tools, equipment and plant hire services firm Speedy has agreed to buy Lifterz Holdings. Based in Yorkshire, Lifterz has a fleet of approximately 1,300 powered access platforms and employs around 90 people. It reported revenue of £15.2m with normalised EBITDA of £3.3m in the 12 months to 31 January 2019.

Leave a Reply