Today’s deal headlines

In today’s deal headlines Lighthouse Group has merged with Sumus to create a combined financial services group as electrical engineering firm Grimwood buys rival Hyde Electrical Services


In today’s deal headlines Lighthouse Group has merged with Sumus to create a combined financial services group as electrical engineering firm Grimwood buys rival Hyde Electrical Services

Done deals:

  • Electrical engineering business Grimwood and Dix has acquired its rival Hyde Electrical Services out of administration
    (Source: Manchester Evening News)

  • Giles Insurance Brokers has bought three other firms in a bid to boost its offering, purchasing Midland Risk Management, Robinson Leslie and DS Howell
    (Source: Insurance Times)

  • ParOS plc, an energy-saving technology business that was spun-out of Imperial College London, has been bought by its chief technical officer Prof Stratos Pistikopoulos for a nominal £1. A further deferred sum is available, dependent on performance at the firm

  • Vonics, a UK-based digital TV set top box company, has today been acquired by the Contact Holdings Group which specialises in contract manufacturing, product packaging and supply chain management
    (Source: UK PR Wire)

  • Lighthouse Group, a financial adviser and pension scheme administrator, has merged with Sumus to create a combined service with a turnover of more than ₤80 million
    (Source: Citywire)

  • US-based wireless telecommunications firm Qualcomm has acquired Xiam Technologies, an Ireland-based developer of wireless content services, for some $32 million (£15.9 million)

  • Bulgarian Land Development plc, a residential and commercial development company, has bought a property development site in Bulgaria, for €1.7 million (£1.3 million)


Deals in the pipeline:

  • Eddie Stobart is set to acquire its rival haulage firm James Irlam & Sons for £59.9 million, and is planning the purchase of rail engineering firm WA Developments for £10 million
    (Source: Manchester Evening News)

  • AssetCo plc, a support services company to the UK fire and rescue services, has agreed to acquire Rig Systems, a recruitment and training consultant in the same sector, for up to £1.68 million

  • Construction company Caledonian Building Systems is set to buy Modular UK, in a drive to expand its operations
    (Source: Driffield Post)

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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