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.

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.

Block One has agreed to acquire up to 40% of London-based fintech firm OMAAT. OMAAT (standing for One Metre at a Time) is a blockchain-based, patented fintech solution aimed at democratising the purchase and protection of natural capital such as rainforests. OMAAT’s innovation allows consumers to purchase one square metre of rainforest in the Cuipo Foundation Rainforest Reserve in Central and South America, represented by a CuipoCoin saved in their name. The land ownership is recorded on a Blockchain ledger for transparency, and this consumer data base creates a large scale social media opportunity to further other Rainforest initiatives. Block One has invested $500,000 into its operations.

Shaw Industries has acquired Scotland-based carpet tile manufacturer Sanquhar Tile Services (STS), which will join Shaw’s commercial flooring division. Shaw is the largest carpet tile manufacturer in North America, and this deal expands its footprint in Europe.

Morson Group has acquired the Canadian business Strategic Infusion. SI is a technical recruitment firm specialising in nuclear and telecommunications markets with 400 contractors currently on assignment. Morson Group is the UK’s leading technical recruiter, as well as an engineering design and project management company, with a global presence in rail, aerospace defence, nuclear and power, oil and gas, telecoms, infrastructure and IT sectors. The deal strengthens Morson’s technical professional services offering across North America.

Arena Group, the UK’s largest event production supplier, has expanded its product portfolio with the purchase of specialist furniture hire business GLD Productions. The company will be incorporated into the group’s Spaceworks Furniture Hire division.

Sheffield-based infrastructure services provider Fulcrum has completed a £22m takeover of Dunamis Group. Dunamis specialises in the design, construction and ongoing contracted maintenance of power installations and related grid connections. The deal, funded in part through a £10.4m share placement, will improve Fulcrum’s capabilities in the electrical infrastructure services market, as well as providing significant cross-selling opportunities between the gas and electrical connections activities of the two businesses.

LDC-backed contact centre VAR Connect Managed Services has bought next-gen outfit CoolHarbour. CoolHarbour is a specialist customer engagement and unified communications consultancy and systems integrator that is an early adopter of Amazon Connect, Amazon Web Services’ attempt to disrupt the contact centre market. It is expected to become the first UK company to gain Amazon Connect accredited reseller status. Connect Managed Services has supplemented this deal with the acquisition of the assets and technical teams of US business UVN. The double swoop adds £1.4m to the company’s revenues.

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.

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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.

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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

Block One buys minority stake in fintech firm OMAAT

Block One has agreed to acquire up to 40% of London-based fintech firm OMAAT. OMAAT (standing for One Metre at a Time) is a blockchain-based, patented fintech solution aimed at democratising the purchase and protection of natural capital such as rainforests. OMAAT’s innovation allows consumers to purchase one square metre of rainforest in the Cuipo Foundation Rainforest Reserve in Central and South America, represented by a CuipoCoin saved in their name. The land ownership is recorded on a Blockchain ledger for transparency, and this consumer data base creates a large scale social media opportunity to further other Rainforest initiatives. Block One has invested $500,000 into its operations.

Leave a Reply

Shaw Industries lays groundwork for European growth

Shaw Industries has acquired Scotland-based carpet tile manufacturer Sanquhar Tile Services (STS), which will join Shaw’s commercial flooring division. Shaw is the largest carpet tile manufacturer in North America, and this deal expands its footprint in Europe.

Leave a Reply

Morson Group acquires Canadian technical recruiter Strategic Infusion

Morson Group has acquired the Canadian business Strategic Infusion. SI is a technical recruitment firm specialising in nuclear and telecommunications markets with 400 contractors currently on assignment. Morson Group is the UK’s leading technical recruiter, as well as an engineering design and project management company, with a global presence in rail, aerospace defence, nuclear and power, oil and gas, telecoms, infrastructure and IT sectors. The deal strengthens Morson’s technical professional services offering across North America.

Leave a Reply

Arena Group buys furniture hire business GLD Productions

Arena Group, the UK’s largest event production supplier, has expanded its product portfolio with the purchase of specialist furniture hire business GLD Productions. The company will be incorporated into the group’s Spaceworks Furniture Hire division.

Leave a Reply

Fulcrum galvanised by £22m Dunamis deal

Sheffield-based infrastructure services provider Fulcrum has completed a £22m takeover of Dunamis Group. Dunamis specialises in the design, construction and ongoing contracted maintenance of power installations and related grid connections. The deal, funded in part through a £10.4m share placement, will improve Fulcrum’s capabilities in the electrical infrastructure services market, as well as providing significant cross-selling opportunities between the gas and electrical connections activities of the two businesses.

Leave a Reply

Connect Managed Services acquires Amazon Connect provider CoolHarbour

LDC-backed contact centre VAR Connect Managed Services has bought next-gen outfit CoolHarbour. CoolHarbour is a specialist customer engagement and unified communications consultancy and systems integrator that is an early adopter of Amazon Connect, Amazon Web Services’ attempt to disrupt the contact centre market. It is expected to become the first UK company to gain Amazon Connect accredited reseller status. Connect Managed Services has supplemented this deal with the acquisition of the assets and technical teams of US business UVN. The double swoop adds £1.4m to the company’s revenues.

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