In today’s deal headlines Lighthouse Group has merged with Sumus to create a combined financial services group as electrical engineering firm Grimwood buys rival Hyde Electrical Services

Done deals:

• Electrical engineering business Grimwood and Dix has acquired its rival Hyde Electrical Services out of administration
  (Source: Manchester Evening News)

• Giles Insurance Brokers has bought three other firms in a bid to boost its offering, purchasing Midland Risk Management, Robinson Leslie and DS Howell
  (Source: Insurance Times)

• ParOS plc, an energy-saving technology business that was spun-out of Imperial College London, has been bought by its chief technical officer Prof Stratos Pistikopoulos for a nominal £1. A further deferred sum is available, dependent on performance at the firm

• Vonics, a UK-based digital TV set top box company, has today been acquired by the Contact Holdings Group which specialises in contract manufacturing, product packaging and supply chain management
  (Source: UK PR Wire)

• Lighthouse Group, a financial adviser and pension scheme administrator, has merged with Sumus to create a combined service with a turnover of more than ₤80 million
  (Source: Citywire)

• US-based wireless telecommunications firm Qualcomm has acquired Xiam Technologies, an Ireland-based developer of wireless content services, for some $32 million (£15.9 million)

• Bulgarian Land Development plc, a residential and commercial development company, has bought a property development site in Bulgaria, for €1.7 million (£1.3 million)

Deals in the pipeline:

• Eddie Stobart is set to acquire its rival haulage firm James Irlam & Sons for £59.9 million, and is planning the purchase of rail engineering firm WA Developments for £10 million
  (Source: Manchester Evening News)

• AssetCo plc, a support services company to the UK fire and rescue services, has agreed to acquire Rig Systems, a recruitment and training consultant in the same sector, for up to £1.68 million

• Construction company Caledonian Building Systems is set to buy Modular UK, in a drive to expand its operations
  (Source: Driffield Post)