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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Dimensions Training Solutions acquires Learndirect

Sheffield-based adult education and apprenticeship business Learndirect has been bought by Dimensions Training Solutions, cementing a relationship that included the provision of learning technology. Based in Leicester, DTS employs around 150 people and delivers apprenticeships, commercial training and advanced learner loans. The deal could save around 1,000 jobs after government cuts to adult skills funding and a poor rating from Ofsted put Learndirect’s future in doubt.

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Gentrack Group seals £23m deal for Evolve Analytics

Gentrack Group has agreed to buy Evolve Analytics, an energy data analysis software and services provider, for £23m. The deal bolsters the Auckland-based company’s leading position in utility billing and customer information systems in the UK. Evolve Analytics MD Alan Duggan will join the Gentrack UK management team.

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Viking Mead buys Valhalla Brewery

Viking Mead has bought the UK’s northernmost ale producer, Valhalla Brewery on the Isle of Unst, Shetland. Founded in 2017, Viking Mead makes Skald, a ‘session-strength’ mead at around 5%. It will continue to produce this along with Valhalla’s line of craft ales.

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Ovation Travel Group gains foothold in UK

US business travel group Ovation has completed its first overseas acquisition with a deal for Chartwell Travel, a specialist in organising travel for entertainment, film, television and news production companies. The business will serve as Ovation’s base for luxury leisure and independent corporate travel advisors in the UK.

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Capgemini acquires Adaptive Lab

Capgemini has completed a deal for Adaptive Lab, a digital design studio that helps businesses adjust to new technology and associated shifts in consumer behaviour. Established in 2009, Adaptive Lab’s team is comprised of 50 designers, developers and strategists. With a particular strength in financial services and telco, its acquisition augments Capgemini’s end to end digital services offering.

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Future Industrial saves 40 jobs at Colt

Future Industrial Services has acquired Colt Industrial Services from Augean, saving the Hull business from potential closure and securing the future of 40 jobs. The deal brings FIS’s headcount to over 350 people and expands its range of services.

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Körber acquires Centriq

Hamburg-based multinational Körber has acquired Centriq, a provider of IT solutions for the logistics, supply chain and retail sectors. Based in Blackpool, Centriq is the holding company for Voiteq and Cirrus Logistics. Voiteq specialises in voice-activated solutions for use in warehouses, while Cirrus Logistics provides supply chain modeling and simulation software. The deal establishes Körber’s logistics systems business as a market leader.

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Arena Group buys Events Solution

Arena Events Group has announced that it has bought Events Solution for £2.5m from remaining co-founder Richard Herberts. Events Solution’s product range includes front of stage, pedestrian and Metropolitan police barriers, gantries, Heras fencing and staging. The deals builds on Arena’s recent acquisitions of furniture hire business GLD Productions in February and seating business Wernick Events last year.

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AIG Life acquires Ellipse from Munich Re

AIG Life has announced that it is to buy group life risk protection provider Ellipse from Munich Re. Launched in 2009, Ellipse is the sixth largest group life provider in the UK, with £64m of in-force premiums and nearly 4,500 in-force policies covering 370,000 lives. Terms of the deal have not been disclosed.

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PureGym expands London estate

Not to be outdone by its acquisitive rivals, UK leading gym operator PureGym has completed a deal for Soho Gyms. Its 10 fitness clubs based in prime London locations will all be converted to the PureGym format in a rolling refurbishment programme. PureGym owns a network of 214 gyms nationwide, and brings its London estate to 59 with this deal.

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