Chesnara buys Moderna Försäkringar 

Preston-based life assurance company Chesnara Plc has announced its acquisition of Swedish rival Moderna Försäkringar Liv AB from Moderna Finance AB, for SEK250 million (£20.1 million) in cash.

Other Done Deals

  • London-based spread betting company WorldSpreads has sold its sports division to Fergus Rice, head of the division, for up to £1.5 million.
  • Tektronix Communications, a provider of test and monitoring services to communications providers, has acquired rival Arantech for an undisclosed sum.
  • Massachusetts-based private equity firm Quarry Capital Management has acquired Royal Pet Supplies, a pet supplies distributor based in Brentwood, New York, and Pompano Beach, Florida.
  • Austria-based manufacturer Marzek Etiketten has acquired Ukrainian rival Pechatny Dvor for an undisclosed sum.
  • Finnish manufacturer Suunto has acquired Tacktick, a UK-based manufacturer of wireless marine electronics, for an undisclosed sum.
  • Mineral sands producer Kenmare Resources has turned a £6.4 million loss into annual pre-tax profits of £230,000.
  • Cambridge-based Domino Printing Sciences Plc has acquired Portugal-based rival Labeljet SA and its subsidiary Marque TDI for up to €7 million (£6.2 million).

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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