John Crane acquires Orion Corporation

John Crane, a Slough-based manufacturer of mechanical seals, has acquired Orion Corporation, a US-based designer and manufacturer of hydrodynamic bearings. The terms of the deal were not disclosed.

Other Done Deals

  • British Gas owner Centrica Plc has acquired a 22 per cent share of Chester-based Secure Electrans for £4 million in cash.
  • Eco-stores Natural Collection and Ethical Superstore have merged. The terms of the deal remain undisclosed.
  • Fuller, Smith & Turner Plc has agreed to acquire six freehold London pubs from Punch Taverns Plc, for £21.1 million in cash. The acquisition will be financed from existing facilities and is expected to complete by 6 April.
  • Struggling retailer JJB Sports has sold its fitness clubs business, including gyms and adjoining retail outlets, to former JJB founder and chairman Dave Whelan in a deal worth £83.4 million.
  • Befordshire-based Genesis Communications has acquired Glasgow rival THUS Mobile from Cable&Wireless for an undisclosed sum.

Deals in the Pipeline

  • Munich-based Siemens Energy has agreed to acquire a 28% stake in the Italian solar company Archimede Solar Energy for an undisclosed sum.

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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