Contract Fire Security snaps up local firm

Sutton Coldfield-based Contract Fire Security has acquired local rival Premier Planned Maintenance for an undisclosed sum. The combined entity will trade as Fire and Safety Services.

Other Done Deals

  • Brighton and Hove-based IFA company Skerritt Consultants has acquired London rival Huntington Investments for an undisclosed sum.
  • Middlesex-based car finance providers Hitachi Capital Vehicle Solutions has acquired Wigston-based The Driving Instructor Centre, a provider of dual-control vehicles, for £11.8 million.
  • XCounter AB, a Swedish technology company, has acquired a 49.8 per cent stake in Finnish rival Oy AJAT for up to €4.45 million (£3.1 million).
  • US private equity firm Carousel Capital has acquired South Carolina packaging company Copec, in partnership with packaging executive Jerry Lux. The terms of the deal were not disclosed.
  • Israeli technology company Aladdin Knowledge Systems has been acquired by an investor group led by Vector Capital, a US private equity firm specialising in the technology industry. The terms of the deal were not disclosed.
  • Norfolk-based ARW Wealth Managers has merged with local mortgage advisers Hayden Jones Mortgage Services for an undisclosed sum.
  • German retailer Metro Group has acquired a controlling stake in British firm 24-7 Entertainment, which supplies technology used in music downloads. No financial details of the deal were provided.

Deals in the Pipeline

  • London-based Premier Oil Plc has agreed to acquire Oilexco North Sea (ONS), an oil and gas exploration and development company, for $505 million (£346 million) in cash.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk 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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