VEO Group seals cool deal for I.C. Electrical

Burton-upon-Trent electrical installations and contracting business I.C. Electrical has been acquired by Finnish technology firm VEO Group. The deal formalises a relationship between the two companies to deliver automation and electrification projects that goes back to 2008, establishing a base for VEO Group’s UK operations.

Engineering and construction group J Murphy & Sons has announced the acquisition of Carillion’s UK power framework business. The deal means Murphy takes up Carillion’s role working with the National Grid to deliver planned replacement and refurbishment schemes on their 33kV to 400kV transmission network spanning England and Wales. The company also becomes the new joint venture partner of Eltel forming the MEJV on the overhead line and T Pylon framework. Carillion’s employees on these projects will join the firm.

Safic-Alcan UK, a major distributor of speciality chemicals, has acquired Techform Fine Chemicals. Techform specialises in chemicals for the construction sector, improving Safic-Alcan’s offering in this area.

The Freight Transport Association (FTA) has acquired TrainingTeam, a provider of dangerous goods and security training for air, road and sea cargo. The move expands upon the FTA’s already substantial presence in compliance training for the transport industry, improving its online resources in particular.

Specialist publisher KHL has made further inroads into the American market with the takeover of Diesel & Gas Turbine Publications Group (D&GTP). KHL publishes construction magazines and employs 55 staff at its Wadhurst office, with a further 45 employees posted across the US, Latin America, India and China. The deal adds around 20 staff to KHL’s books and is expected to create four new jobs.

Baywater Healthcare has been acquired by Bastide Group, a provider of home medical equipment for rental and purchase in France. Baywater delivers oxygen, sleep apnoea and non-invasive ventilation therapy services to patients in the home. It employs 230 people and provides support to 26,000 patients. The deal generates a five-fold return for the exiting Duke Street and Souter Investments.

Chatbot startup Converse.AI has been acquired by Smartsheet, a fast-growing work execution software company. Converse.AI is a platform that enables customers to build chatbots to automate business processes. Converse.AI will continue to be a standalone product, using Smartsheet’s scale to accelerate development. Smartsheet’s cloud-based platform is used by more than 70,000 brands across 190 countries, including over half of the Fortune 500.

Begbies Traynor Group, the Manchester-based business recovery specialist, has acquired Fyrebrand in a deal worth around £580,000. Fyrebrand trades as CJM Asset Management and will become part of Eddisons, Begbies’ property services division. The combination creates one of the largest professional industrial auction and valuation businesses in the UK, to operate under the Eddisons CJM banner.

Renew Holdings has disposed of Forefront, its loss-making engineering services division. Forefront provides low pressure, small diameter gas pipe replacements. The firm made a pre-tax loss of £2.8m in the last financial year, but with a renewed focus on medium pressure activities has been touted to return to profitability in the financial year ending September 2018. It has been sold to Ferns Group for a de-minimis consideration, with Renew bearing no ongoing liability in return.

UK property investor Hansteen has sold a portfolio of industrial sites for £116m. The Industrial Multi Property Trust portfolio consists of 51 multi-let properties offering around 500 leasable units with a total floor area of approximately 1.65m sq ft and passing rent roll of over £8m per annum. It is being bought by an entity owned by Warehouse REIT.

VEO Group seals cool deal for I.C. Electrical

Burton-upon-Trent electrical installations and contracting business I.C. Electrical has been acquired by Finnish technology firm VEO Group. The deal formalises a relationship between the two companies to deliver automation and electrification projects that goes back to 2008, establishing a base for VEO Group’s UK operations.

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J Murphy & Sons takes over Carillion’s UK power business

Engineering and construction group J Murphy & Sons has announced the acquisition of Carillion’s UK power framework business. The deal means Murphy takes up Carillion’s role working with the National Grid to deliver planned replacement and refurbishment schemes on their 33kV to 400kV transmission network spanning England and Wales. The company also becomes the new joint venture partner of Eltel forming the MEJV on the overhead line and T Pylon framework. Carillion’s employees on these projects will join the firm.

Leave a Reply

Techform Fine Chemicals in its element with Safic-Alcan takeover

Safic-Alcan UK, a major distributor of speciality chemicals, has acquired Techform Fine Chemicals. Techform specialises in chemicals for the construction sector, improving Safic-Alcan’s offering in this area.

Leave a Reply

The Freight Transport Association buys TrainingTeam

The Freight Transport Association (FTA) has acquired TrainingTeam, a provider of dangerous goods and security training for air, road and sea cargo. The move expands upon the FTA’s already substantial presence in compliance training for the transport industry, improving its online resources in particular.

Leave a Reply

New chapter for publishing firm KHL

Specialist publisher KHL has made further inroads into the American market with the takeover of Diesel & Gas Turbine Publications Group (D&GTP). KHL publishes construction magazines and employs 55 staff at its Wadhurst office, with a further 45 employees posted across the US, Latin America, India and China. The deal adds around 20 staff to KHL’s books and is expected to create four new jobs.

Leave a Reply

Bastide Group acquires Baywater Healthcare

Baywater Healthcare has been acquired by Bastide Group, a provider of home medical equipment for rental and purchase in France. Baywater delivers oxygen, sleep apnoea and non-invasive ventilation therapy services to patients in the home. It employs 230 people and provides support to 26,000 patients. The deal generates a five-fold return for the exiting Duke Street and Souter Investments.

Leave a Reply

Smartsheet buys chatbot startup Converse.AI

Chatbot startup Converse.AI has been acquired by Smartsheet, a fast-growing work execution software company. Converse.AI is a platform that enables customers to build chatbots to automate business processes. Converse.AI will continue to be a standalone product, using Smartsheet’s scale to accelerate development. Smartsheet’s cloud-based platform is used by more than 70,000 brands across 190 countries, including over half of the Fortune 500.

Leave a Reply

Begbies Traynor Group acquires CJM Asset Management

Begbies Traynor Group, the Manchester-based business recovery specialist, has acquired Fyrebrand in a deal worth around £580,000. Fyrebrand trades as CJM Asset Management and will become part of Eddisons, Begbies’ property services division. The combination creates one of the largest professional industrial auction and valuation businesses in the UK, to operate under the Eddisons CJM banner.

Leave a Reply

Renew Holdings sells Forefront Utilities to Ferns Group

Renew Holdings has disposed of Forefront, its loss-making engineering services division. Forefront provides low pressure, small diameter gas pipe replacements. The firm made a pre-tax loss of £2.8m in the last financial year, but with a renewed focus on medium pressure activities has been touted to return to profitability in the financial year ending September 2018. It has been sold to Ferns Group for a de-minimis consideration, with Renew bearing no ongoing liability in return.

Leave a Reply

Hansteen sells UK property portfolio for £116m

UK property investor Hansteen has sold a portfolio of industrial sites for £116m. The Industrial Multi Property Trust portfolio consists of 51 multi-let properties offering around 500 leasable units with a total floor area of approximately 1.65m sq ft and passing rent roll of over £8m per annum. It is being bought by an entity owned by Warehouse REIT.

Leave a Reply