Plastics Capital, a plastics products manufacturer, has bought Palagan for an undisclosed sum with debt provided by Royal Bank of Scotland. Read on for more deal headlines.
Other done deals:
Gwalia Packaging, a South Wales bottle-maker, has added a tool making site to its operations following the acquisition of AMJ
GSH Group Plc, a provider of bespoke energy and facilities management systems, has bought Utilitec, a mechanical and electrical installation business in the Netherlands, for an initial £1.8 million in cash
Cryo-Save, an adult stem cell storage bank, is to grow its business after buying Cryo-Save Balcanica of Athens for £3.2 million in cash
Intertek Group Plc, a provider of testing and safety services, has bought Applica, a food testing laboratory in Germany, for a performance-related £3.6 million
Deals in the pipeline:
Trafficmaster, a supplier of intelligent driving services, has agreed to pay up to £4.75 million for TRI-MEX, a stolen vehicle and cargo tracking service operator
F&C Asset Management has agreed to buy 70 per cent of REIT’s property management business for £25 million in cash and £35 million in loan notes
Dimension Data has made a bid to buy the outstanding shares in Datacraft Asia that it does not already own for £137.6 million to increase its exposure to an emerging market
Icomera, a Swedish provider of on-train Internet services, has agreed to acquire Moovera Networks, a UK manufacturer of fixed and mobile communications systems
Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.
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