Invest in UK News
Leading UK Payday Lending business, Fortress Group (UK) Ltd acquired by US based Think Finance Inc.
The UK’s foremost Payday Lending business, Fortress Group (UK) Ltd has been acquired by Texas, US, based Think Finance Inc. In an announcement made by its directors, Fortress Group’s Kieran Moulden and Stuart Carter noted the firm has been sold to the US firm.
Meggitt PLC to acquire Electric products & safety business Pacific Scientific Aerospace (PSA) from Danaher Corporation
Meggitt PLC is to acquire Pacific Scientific Aerospace (PSA) from Danaher Corporation (Danaher) for $685 million in cash (Acquisition). Meggitt announced it had reached an agreement for the acquisition with PSA. The Acquisition will be funded in part by an equity placing of up to 69.8 million new ordinary shares, representing less than 10% of Meggitt's current issued share capital; the balance will be funded from existing debt facilities.
Smartcool Systems Inc acquires Smartcool Systems UK Ltd, distributor of its technology
Smartcool Systems Inc announced Tuesday that it has entered into a Letter of Intent for the acquisition of Smartcool Systems UK Ltd., a distributor of Smartcool technology.
Under the terms of the proposed acquisition, Smartcool Systems EMEA Ltd., a wholly-owned subsidiary of Smartcool Systems Inc., will acquire all issued and outstanding shares in the capital of Smartcool Systems UK as well as assuming the obligations of all the company’s employment agreements.Sirius Minerals Plc announces acquisition of York Potash Ltd
Sirius Minerals Plc announced Monday the acquisition of York Potash Ltd; and the appointment of York Potash’s founder, Chris Fraser, as Managing Director and Chief Executive Officer of Sirius.
ICON plc expands its Late Phase and Outcomes Research services through UK acquisition
ICON plc Friday announced the expansion of its Late Phase and Outcomes Research services through the acquisition of Oxford Outcomes, a leading international health outcomes consultancy. Icon Plc is a global provider of outsourced development services to the pharmaceutical, biotechnology and medical device industries. Elizabeth Thiele, formerly ICON’s Executive Vice President of Business Development, has been appointed President of this specialized service unit.
US firm RockYou purchases UK social game developer Playdemic
RockYou announced Friday the acquisition of Manchester based social game developer Playdemic. Under the terms of the deal, Playdemic will operate independently as Playdemic, a RockYou studio, and develop Facebook games for the mainstream audience.
Morrisons in agreement with Asda to acquire additional selling space via acquisition of 16 former Netto UK stores
Morrisons announced it has entered into a conditional agreement with Asda to acquire 120,000 square feet of additional selling space through the purchase of 16 former Netto UK stores at a cost of £28.1 million. These stores will fit very well into Morrisons’ portfolio of 437 existing stores, said the firm. The additional selling space is incremental to the 500,000 square feet target already outlined by the firm for 2011/12.
GE acquires the UK’s Remote Energy Monitoring Ltd
GE announced Wednesday it has acquired the UK’s Remote Energy Monitoring Ltd. Remote Energy Monitoring Ltd has operations in the United Kingdom and Australia. This acquisition enhances GE’s ability to address the European Union’s goals for a lower-emission, higher efficiency energy infrastructure, said the firm. Remote Energy Monitoring’s software and hardware technologies allow consumers and utilities to better monitor and manage their energy usage.
Endless LLP purchases Niagara Lasalle (UK) Limited from its US parent Niagara Corporation
The UK’s leading investor in non-core acquisitions, special situations and turnarounds, Endless LLP announced it has purchased Niagara Lasalle (UK) Limited from its US parent organization Niagara Corporation with total committed funds to the deal of £27.0 million.
US firm ThermaSys Corporation buys UK based firms Covrad Holdings and Serck Heat Transfer
ThermaSys Corporation, a leading U.S. manufacturer of highly engineered copper, brass and aluminum heat exchanger components and assemblies, announced Monday that it has acquired Covrad Holdings and Serck Heat Transfer, two U.K.-based manufacturers of heat transfer products. Terms of the transaction were not disclosed.
TAKE Solutions buys 100 % of UK headquartered WCI Consulting Group through subsidiary
TAKE Solutions announced Friday the 100 % acquisition of UK headquartered WCI Consulting Group through its subsidiary. TAKE Solutions is an international business technology company with products and solutions backed by a strong domain expertise in Life Sciences and Supply Chain Management. TAKE has been looking to establish a greater capability in Patient Safety and to establish Business Consulting capability to complement their portfolio of IP based business solutions and services.
Harris Tea announces completion of the acquisition of Keith Spicer Ltd in Dorset, UK
Harris Tea, a division of Harris Freeman along with Jay Tea, a division of Madhu Jayanti, announces that it has completed the acquisition of Keith Spicer Ltd in Dorset, UK. Keith Spicer has been supplying teas to the UK market since 1934.
Bilfinger Berger Industrial Services (UK) acquires AT Group Ltd
The Board and shareholders of ATG (AT Group Ltd) announced Thursday they had agreed to the sale of the entire share capital of the Company to Bilfinger Berger Industrial Services (UK) Ltd, with effect from 4th January 2011. Going forward, the Company will shortly change its name to trade as BIS ATG.
Intrinsic Technology buys trade, certain assets and goodwill of Dataplex Systems Ltd
Intrinsic Technology announced the purchase of the trade, certain assets and goodwill of Dataplex Systems Ltd in a bid to enhance its solutions portfolio. Dataplex Systems Ltd is an industry leader in desktop and server virtualization; storage solutions; core infrastructure optimization and converged infrastructure with offices in Manchester and Oxford.
The Midwich Group acquires Ubiqz Limited, a distributor of security systems
The Midwich Group, made up of several UK and European distribution companies, has acquired Ubiqz Limited, a distributor of security systems.
Anand Subbiah, Ubiqz's general manager reiterated that he was excited at the prospect of developing the firm’s business with the support of such a large group. As a specialist distributor, Midwich will continue to focus on the security sector but the acquisition will significantly improve customer service, product choice, stock availability and performance across all aspects of its business.Amazon.com keen to expand its online business in the UK
The Sunday Times reported that e-commerce major, Amazon, is considering an expansion of its online business empire in the UK. The US based e-commerce giant is currently believed to be in talks with a potential target takeover firm to necessitate the expansion, stated the Sunday Times report.
Dollar Financial to buy Purpose U.K. Holdings Limited, a provider of online payday loans in UK
Dollar Financial announced that its wholly owned subsidiary, Dollar Financial U.K., has entered into an agreement to acquire Purpose U.K. Holdings Limited, a provider of online payday loans in the United Kingdom operating under the brand name PaydayUK. The anticipated purchase price of the acquisition is $195 million. The trailing twelve months EBITDA for Purpose is currently approximately $32 million.
Sahara India's subsidiary Aamby Valley buys London's Grosvenor House Hotel from Royal Bank of Scotland
Sahara India's subsidiary Aamby Valley announced it had bought London's Grosvenor House Hotel from the Royal Bank of Scotland for 470 million pounds, approx Rs.3,300 Crore. The acquisition is expected to enable Sahara group establish its foothold in the international luxury hotel market. It plans to add restaurants, including Indian restaurant Namak, a business centre, a night club and other facilities to the property.
London tops as the most attractive city for foreign direct investments globally
An IBM Global Business report has placed London as the globally preferred destination for foreign direct investments. The report means London continues to be the world’s top destination city measured by number of projects, the BRIC countries (Brazil-Russia-India-China) are represented by 8 of the world’s top 20 cities, 5 being in India.
Thailand’s largest hot-rolled steel producer in financial raising for Steel plant acquisition and expansion in the UK
Thailand's largest hot-rolled steel producer is mulling a UK investment that will see it buy a plant and expand it in the coming two years. Sahaviriya Steel Industries (SSI) is mobilizing US$1 billion partly through an issue of 5.24 billion new shares to finance the purchase of a steel plant in the UK and expand the facility in the next two years.
Kelway acquires UK managed services specialist ISC Computers plc
Kelway, the ICT solutions and services provider, announced it acquired managed services specialist ISC Computers plc, including all brands and companies operating under ISC Computers plc. The acquisition augments Kelway's existing portfolio of managed services and complements Kelway's strengths in ICT strategy and delivery of complex, end-to-end infrastructure solutions, said the firm.
Bidvest acquires 100 per cent share capital of UK based Seafood Holdings Ltd
Bidvest, the diversified industrial company, announced that it has acquired 100 per cent of the share capital of Seafood Holdings Limited for an enterprise value of £45 million. The UK based Seafood was started by entrepreneur and CEO, Toby Baxendale, who has grown the business into a leading national fresh fish producer and distributor to the catering and hospitality industry in the United Kingdom.
US based Smith Electric Vehicles Corporation agrees to acquire Smith Electric Vehicles business based in the UK
US based Smith Electric Vehicles Corporation last week signed an agreement that will see it acquire the Smith Electric Vehicles business in the UK. Smith Electric Vehicles US Corporation will acquire the UK based business from its owner Tanfield Group for US$15 million.
Capita Group Plc purchases BSI Holdings for a consideration of £42.5 million
The Capita Group Plc (Capita) announced Friday that it has acquired BSI Holdings Limited (BSI) for a consideration of £42.5 million on a cash-free, debt-free basis. BSI is a hotel booking and meetings management agency with clients in both the public and private sector.
