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

Omar Group seals deal for UK Sundecks

Park and leisure home manufacturer Omar Group has struck a deal for decking specialist UK Sundecks. Backed by Rutland Partners, Omar has a portfolio of brands that includes Omar Park & Leisure Homes, Wessex Unique Lodges & Park Homes, Omar Park Development Services, Omar Refurbishment Services and Boutique Lodges. Complementing Omar’s existing offering, the acquisition of Sundecks allows the group to take on contracts for large-scale greenfield lodge sites.

Leave a Reply

EPAM Systems buys digital agency TH_NK

EPAM Systems, a leading global provider of digital platform engineering and software development services, has bought digital agency TH_NK. With offices in London, Liverpool and Newcastle, TH_NK will strengthen EPAM’s digital and organisational consulting capabilities in the UK and Western European markets.

Leave a Reply

BGC Partners to buy Ed Broking

Global reinsurance, wholesale and specialty broker Ed has accepted an offer from a subsidiary of BGC Partners, a global brokerage and financial technology company. Headquartered in London, Ed Broking has operations in UK, Singapore, Hong Kong, Dubai, Miami and China. The deal also includes its German marine broking arm Junge, as well as its MGA operations Cooper Gay France, Epsilon in Australia, and Globe Underwriting in the UK. The deal is subject to regulatory approval and terms have not been disclosed.

Leave a Reply

Young Innovations acquires Astek Innovations

Global dental products supplier Young Innovations has announced a deal for Astek Innovations. A producer of quality dental products, Astek enhances Young’s ability to deliver clinical value in the UK, Europe and beyond. Operations will continue under the same management at Astek’s Altrincham base.

Leave a Reply

CHS Healthcare acquires BroadCare

CHS Healthcare has acquired BroadCare, a widely commissioned database for NHS funded Continuing Healthcare information, for £4.4m. Complementing its existing product Caretrack, the deal means that CHS’s data management services now account for c. 75% of all provision to CCGs across England. BroadCare’s structure and staff will remain intact following the deal. It will continue to be developed as an individual product.

Leave a Reply

Yearsley Group bought by Lineage Logistics

Lineage Logistics Holdings, a US supplier of temperature-controlled supply chain solutions, has acquired £200m-turnover counterpart Yearsley for an undisclosed sum. Headquartered in Heywood, Yearsley Group provides cold storage, frozen food and logistics services to customers across the retail, food service, food manufacturing and export channels. The group operates a fleet of 300 vehicles and 12 cold stores across the UK.

Leave a Reply

Clydesdale Bank backs MBO at MI Glass

Key Capital Partners has sold its interest in MI Glass (MIG) to its management team. MIG has 75 years’ experience providing glass processing solutions to sectors including retail interiors, catering equipment and office design. The multimillion-pound MBO sees KCP make a return on its investment, having enabled MIG to recently open a new 25,000 sq ft factory in Birmingham to add to its existing 55,000 sq ft manufacturing space in Smethwick. Clydesdale Bank has backed the MBO but terms have not been disclosed.

Leave a Reply

Ebbon-Dacs acquires Licence Check

Oxford-based online solutions provider Ebbon-Dacs has acquired fleet driver licence and compliance specialist Licence Check for an undisclosed sum. Carrying out hundreds of thousands of checks every year, Licence Check works with public and private sector clients including end user fleet and rental suppliers, transport and logistics companies and bus and coach operators. Its acquisition complements Ebbon-Dacs’ business providing web-based technology solutions to the automotive contract hire and leasing community.

Leave a Reply

AO World rings up £32.5m deal for phone e-tailer

Bolton-based online retailer AO World has agreed to pay £32.5m for Mobile Phones Direct. The Reading firm is the UK’s leading online-only retailer of mobile phones and operates through two brands, Mobile Phones Direct and Smart Phone Company. It generated revenues of £121.7m and EBITDA of £5.5m in the last financial year.

Leave a Reply

Acumen strikes deal for fellow Lancashire IFA

Burscough-based IFA Acumen Financial Partnership is expanding further north with the acquisition of Wyre Investment and Financial Management. The deal sees it take on two staff, 400 active clients and assets under management of around £40m.

Leave a Reply