UK-based Hays Travel has acquired rival travel agency Freedom Direct Holidays for an undisclosed sum. For more deals click here.
Other Done Deals
Safran, an international high technology group focused on aerospace propulsion, aircraft equipment and defence security, has acquired an 81 per cent stake in GE Homeland Protection, a wholly owned affiliate of General Electric and a major supplier of baggage screening systems to airports, for $580 million (£398 million).
IT and technology recruitment firm InterQuest Group has entered into a “joint venture” with Lanborne Consulting, an IT sales recruitment business based in Slough.
Real Office Group, a quoted investment vehicle set up to acquire office fit-out businesses globally, has bought Pacific Interiors, ISIS Projects and a 49 per cent stake in Pacific Middle East (PME) for up to £48.9 million.
Avisen, a London-based performance management specialist, has acquired rival Eon Enterprise, and Eon’s wholly owned subsidiary Infocube for £585,000. Eon has no trading activity and its sole function is to act as Infocube’s holding company.
Ultimate Products, an Oldham-based supplier of houseware and electrical goods, has acquired Manchester-based iPod supplier Intempo. The size of the deal was not disclosed.
Deals in the Pipeline
Japanese semiconductor companies NEC Electronics and Renesas have agreed to merge. The deal is expected to complete by July.
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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