Other Done Deals

• The shareholders of Surrey-based IT services company Axon have approved the sale of the company for £441 million to HCL EAS, a subsidiary of Indian outsourcing business HCL Technologies
• UK engineering technology company Renishaw has acquired a 75 per cent interest in Schaerer Mayfield NeuroMate AG based in Switzerland and its subsidiary Schaerer Mayfield NeuroMate Sarl, a French manufacturer of surgical robots for neurosurgery. The terms of the deal were undisclosed.
• US pharmaceutical business Eli Lilly has completed its acquisition of ImClone Systems, also based in the US. Lilly has offered $70 (£46) per share for ImClone’s 85 million outstanding shares
• Nighthawk Energy Plc, a US-focused hydrocarbon production and development company, is to raise £5 million through an institutional placing of new ordinary shares on AIM at a price of 20p per share.
• Atlantic Power has closed the acquisition of Auburndale Power Partners, which owns and operates a 155MW natural gas-fired cogeneration facility in Florida for $134.5 million (£89 million)

• Italian energy company Eni has completed the acquisition of all the issued and outstanding shares of Canadian oil and gas company First Calgary Petroleums for undisclosed terms

• Acxiom, a UK company involved in interactive marketing services, has acquired Quinetix, a US-based provider of analytics and predictive modeling for large and medium-size businesses in retail banking and other industries.

In the pipeline

• Liverpool-based steam cleaning and technology specialist Proventec is eyeing more acquisitions. Proventec, which has a steam-cleaning technology that can help hospitals to kill superbugs such as MRSA, saw turnover rise 41 per cent to £8.18 million for the six months to 30 September.
• Ultrawideband companies Staccato and Artimi are to merge for an undisclosed sum. The resulting company will trade as Staccato Communications. Staccato and Artimi are both headquartered in the US and have corporate offices in Cambridge.