TAKE Solutions announced Friday the 100 % acquisition of UK headquartered WCI Consulting Group through its subsidiary. TAKE Solutions is an international business technology company with products and solutions backed by a strong domain expertise in Life Sciences and Supply Chain Management. TAKE has been looking to establish a greater capability in Patient Safety and to establish Business Consulting capability to complement their portfolio of IP based business solutions and services.
Harris Tea, a division of Harris Freeman along with Jay Tea, a division of Madhu Jayanti, announces that it has completed the acquisition of Keith Spicer Ltd in Dorset, UK. Keith Spicer has been supplying teas to the UK market since 1934.
The Board and shareholders of ATG (AT Group Ltd) announced Thursday they had agreed to the sale of the entire share capital of the Company to Bilfinger Berger Industrial Services (UK) Ltd, with effect from 4th January 2011. Going forward, the Company will shortly change its name to trade as BIS ATG.
Intrinsic Technology announced the purchase of the trade, certain assets and goodwill of Dataplex Systems Ltd in a bid to enhance its solutions portfolio. Dataplex Systems Ltd is an industry leader in desktop and server virtualization; storage solutions; core infrastructure optimization and converged infrastructure with offices in Manchester and Oxford.
The Midwich Group, made up of several UK and European distribution companies, has acquired Ubiqz Limited, a distributor of security systems.
Anand Subbiah, Ubiqz's general manager reiterated that he was excited at the prospect of developing the firm’s business with the support of such a large group. As a specialist distributor, Midwich will continue to focus on the security sector but the acquisition will significantly improve customer service, product choice, stock availability and performance across all aspects of its business.
The Sunday Times reported that e-commerce major, Amazon, is considering an expansion of its online business empire in the UK. The US based e-commerce giant is currently believed to be in talks with a potential target takeover firm to necessitate the expansion, stated the Sunday Times report.
Dollar Financial announced that its wholly owned subsidiary, Dollar Financial U.K., has entered into an agreement to acquire Purpose U.K. Holdings Limited, a provider of online payday loans in the United Kingdom operating under the brand name PaydayUK. The anticipated purchase price of the acquisition is $195 million. The trailing twelve months EBITDA for Purpose is currently approximately $32 million.
Sahara India's subsidiary Aamby Valley announced it had bought London's Grosvenor House Hotel from the Royal Bank of Scotland for 470 million pounds, approx Rs.3,300 Crore. The acquisition is expected to enable Sahara group establish its foothold in the international luxury hotel market. It plans to add restaurants, including Indian restaurant Namak, a business centre, a night club and other facilities to the property.
An IBM Global Business report has placed London as the globally preferred destination for foreign direct investments. The report means London continues to be the world’s top destination city measured by number of projects, the BRIC countries (Brazil-Russia-India-China) are represented by 8 of the world’s top 20 cities, 5 being in India.
Thailand's largest hot-rolled steel producer is mulling a UK investment that will see it buy a plant and expand it in the coming two years. Sahaviriya Steel Industries (SSI) is mobilizing US$1 billion partly through an issue of 5.24 billion new shares to finance the purchase of a steel plant in the UK and expand the facility in the next two years.
Kelway, the ICT solutions and services provider, announced it acquired managed services specialist ISC Computers plc, including all brands and companies operating under ISC Computers plc. The acquisition augments Kelway's existing portfolio of managed services and complements Kelway's strengths in ICT strategy and delivery of complex, end-to-end infrastructure solutions, said the firm.
Bidvest, the diversified industrial company, announced that it has acquired 100 per cent of the share capital of Seafood Holdings Limited for an enterprise value of £45 million. The UK based Seafood was started by entrepreneur and CEO, Toby Baxendale, who has grown the business into a leading national fresh fish producer and distributor to the catering and hospitality industry in the United Kingdom.
US based Smith Electric Vehicles Corporation last week signed an agreement that will see it acquire the Smith Electric Vehicles business in the UK. Smith Electric Vehicles US Corporation will acquire the UK based business from its owner Tanfield Group for US$15 million.
The Capita Group Plc (Capita) announced Friday that it has acquired BSI Holdings Limited (BSI) for a consideration of £42.5 million on a cash-free, debt-free basis. BSI is a hotel booking and meetings management agency with clients in both the public and private sector.
Viridor announced it has acquired the north-west independent integrated recycling and waste management operator Adapt Recycling Ltd. The acquisition is in line with Viridor’s parent company; Pennon Group’s, stated strategy of expanding its waste management activities, particularly in the areas of recycling, waste treatment and disposal.
RPM International Inc Wednesday announced that its RPM Performance Coatings Group has acquired Pipeline & Drainage Systems Ltd (PDS). PDS is a leading supplier of curb, bridge and channel drainage products for construction and infrastructure markets, primarily in the United Kingdom and Ireland. Based in Wakefield, England, PDS has annual sales of approximately $8 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
Tata Chemicals Limited announced the acquisition of UK based British Salt Ltd. The investment was made by Tata Chemicals Ltd’s wholly owned UK subsidiary Brunner Mond (BMUK). Brunner Mond acquired the UK-based British Salt Limited for $144 million (around Rs.656.48 Crore).
Livewire Mobile Inc, a world leader in mobile music and content, announced it had acquired FoneStarz Media Group Limited, an award-winning mobile digital storefront and mobile content supplier currently working with many of the world's largest telecom and media brands.
Silverfleet Capital has acquired UK footwear business Office from Sir Tom Hunter's West Coast Capital (WCC). The financial terms were undisclosed, but reports value the deal at around £150 million. Silverfeet Capital is a European private equity firm.
Wereldhave announced Thursday it had reached an agreement to acquire the Dolphin Shopping Centre in Poole, Dorset, England. This asset comprises an existing mid-sized, mainly covered two level, shopping centre in one of the south coast’s major urban areas. The investment volume extends to some €101 million, about £85 million, (including costs) reflecting a net initial yield of 6 per cent.
Camlin Fine Chemicals Ltd has acquired UK-based Borregaard Industries Ltd's subsidiary, Borregaard Italy. The acquisition is part of Camlin Fine Chemicals backward integration strategy. Borregaard, Italy manufactures Hydroquinone, which is a petrochemical based product, the basic starting material required for Camlin Fine’s major product range of food antioxidant and products like TBHQ, BHA.
GlaxoSmithKline (GSK) and Maxinutrition Group Holdings Limited Tuesday announced they entered into an agreement for GSK to acquire Maxinutrition. Maxinutrition is a UK company that manufactures protein-enhanced functional nutrition products. GSK will acquire the firm from Darwin Private Equity.
John Wood Group PLC Tuesday announced it had entered an agreement to acquire PSN Limited. John Wood is an international energy services company and the acquisition is for a consideration of a total enterprise value of US$955 million. PSN will merge with Wood Group’s Production Facilities business to create the leading global brownfield production services provider, Wood Group PSN.
GE today announced its intention to make an offer for 100% of Wellstream Holdings PLC, a leading engineer and manufacturer of high-quality flexible pipeline products for oil and gas transportation in the subsea production industry. The terms of the transaction, which value Wellstream’s share capital at £0.8 billion ($1.3 billion), offer Wellstream shareholders 780 pence in cash per Wellstream share and a special dividend of 6 pence in cash per Wellstream share.