Invest in UK News

  • MWH Global to acquire U.K. based water construction and engineering firm Biwater Services

    The global wet infrastructure sector leader and provider of environmental engineering, construction and strategic consulting services, MWH Global, announced Monday it has signed a definitive agreement with Biwater Holdings Limited to acquire its U.K. based subsidiary Biwater Services Limited.

  • Crane Co. in an effort to bolster its merchandising systems business

    Crane Co. has acquired England based money controls unit of vending machine maker Ca-Mc Acquisition Co. Crane Co. is based in Stamford and is a diversified manufacturer of industrial products. Just recently, the firm added a line of coin hoppers, coin acceptors and bill validators to its portfolio by purchasing the money controls unit of Ca-Mc Acquisition Co. Crane Co’s latest addition is expected to have $62 million in revenue this year, and is expected to be neutral to Crane’s 2011 earnings and positive to 2012 earnings.

  • US based asset manager Franklin Templeton acquires Rensburg Sheppards' fund management subsidiary

    Franklin Templeton, the US based asset manager has acquired a fund management subsidiary of Rensburg Sheppards. Earlier this year, Rensburg was acquired by Investec earlier this year. The firm viewed the Leeds-based unit trust business as non-core. The US firm gains from the investment a reliable UK equity business, a move crucial in its UK operations.

  • British Gas New Energy buys assets of Cool Planet Technologies Ltd

    Centrica plc subsidiary British Gas New Energy Thursday announced the purchase of Cool Planet Technologies Ltd’s assets. British Gas New Energy said it had acquired the renewable energy firm’s assets for about 0.5 million pounds. Cool Planet Technologies Limited is a heat pump installation company. The investment consideration was paid in cash, said British Gas New Energy.

  • NBC Universal International buys the UK’s production house Monkey Kingdom

    NBC Universal International Tuesday reported it had acquired the UK based Monkey Kingdom, a production company with titles such as The Charlotte Church Show, Comedy Roasts and My Kind of Town under its name. Monkey Kingdom’s credits are non-scripted and are normally entertainment fare like the ones mentioned earlier.

  • TSL Education Ltd acquires UK based Electronics Blackboard Ltd (i-board)

    TSL Education Ltd Tuesday announced it had bought Electronics Blackboard Ltd (i-board). Electronics Blackboard Ltd is a UK based firm that develops education software. TSL Education said the move consolidates its position as the market leading provider of education teaching resources. TSL already provides over 40,000 free teaching resources and over 2.3 million downloads from its TES Connect site every month.

  • UK Property Company Hansteen pledges to maintain its vigorous acquisition plans

    Hansteen Monday reiterated it will stick to its vigorous investment expansion plans, in spite of the wider lull in the real estate market. The UK property firm vowed to maintain the acquisition drive, but to share the gains of rising income profits with investors. The UK property market is experiencing a chill but the firm has reiterated it will remain steadfast with its strategy.

  • Newsweek magazine merges with news website The Daily Beast

    Newsweek magazine announced it had agreed on a merger with news website The Daily Beast. Former Vanity Fair magazine editor Tina Brown co-founded The Daily Beast two years ago and said the two companies would be a powerful dual platform. Newsweek, established in 1933, was sold by the Washington Post to businessman Sidney Harman.

  • Hut Group buys out the UK’s biggest online Health and Beauty retailer Lookfantastic Group

    The Hut Group reported it had acquired the UK’s biggest online Health and Beauty retailer, the Lookfantastic Group. Hut Group paid around 19.4 million pounds for the retailer, in a move in line with its strategy to position itself as one of Europe’s biggest online players. Under the terms of the deal, Lookfantastic shareholders will get the investment amount, 19.4 million pounds in a mixture of cash and equity.

  • Daisy Group announces purchase of SpiriTel for £37 million

    In a move that marks its biggest ever buy to date; the Daisy Group announced it had purchased SpiriTel, a service provider for an investment pegged at £37 million. Daisy Group’s investment amount, the £37 million is inclusive of repayment of debt facilities from Clydesdale Bank. The Clydesdale Bank has financed SpiriTel’s buy and build strategy since 2007.

  • US based Hollywood production firm Warner Bros buys Home to the Harry Porter Movies, the Leavesden Studios

    US based Hollywood production firm Warner Bros announced it had bought Britain’s Leavesden Studios, home to the famous Harry Porter films. Warner Bros said it will put some 100 million pounds into the expansion of the Studios, a move that will create about 1,800 jobs. Warner Bros Chairman and Chief Executive Officer Barry Meyer noted that for 86 years, Warner Bros has been inherently involved in film production in the UK and the purchase demonstrates the firm’s long-term commitment to, and confidence in, the skills and creativity of the UK film industry.

  • Qatar Insurance Services acquires London based RI3K, a privately-held web-based insurance and reinsurance trading platform

    Qatar Insurance Services said it has acquired Reinsurance and Insurance for the 3rd Millennium (R13K), a London based privately held web-based insurance and reinsurance trading platform. Qatar Insurance Services is a Qatar Financial Centre (QFC) based owner of Qatarlyst, and expects the investment to accelerate the development of the QFC as one of the foremost hubs for reinsurance in the GCC region.

  • Borealis Infrastructure and Ontario Teachers' Pension Plan jointly bid for Britain’s HS1

    OMERS Worldwide infrastructure arm Borealis Infrastructure, or Borealis and Canada’s Ontario Teachers’ Pension Plan went into a joint purchase bid for Britain’s High Speed 1 (HS1) project. The two firms stated they had agreed on a binding contract for the purchase of High Speed 1, Britain’s only high speed rail link to the Channel Tunnel. The announcement of the purchase comes in the wake of the competitive tender process that was launched by the UK government, with a number of major global infrastructure firms taking part.

  • Rupert Murdoch’s News Corp in a stormy battle for full control of BSkyB

    News Corp. owned and controlled by media mogul Rupert Murdoch has launched a stormy battle for a 100 per cent of the UK’s satellite TV and news provider BSkyB. The TV firm is one of the most TV and news outlet firm in the UK and is partly owned by News Corp. Murdoch’s bid to have the remaining 60.9 per cent stake he does not already own has however encountered stiff opposition, as competition concerns are raised.

  • US based Huron Consulting Group Inc buys London based TRILANTIC International Limited

    US based leading provider of business consulting services Huron Consulting Services Friday announced it had acquired London based Trilantic International Ltd. Trilantic International Ltd is one of the foremost e-discovery businesses in London and offers quality developed technology solutions to its customers in Europe and the Middle East. The purchase further enhances the Company’s discovery offerings for clients globally.

  • India’s Jain Irrigation buys controlling stake of 80% in UK food firm Sleaford Quality Food Ltd

    India’s Jain Irrigation announced it had bought a controlling stake of 80 per cent in the UK’s Sleafood Quality Food Ltd. Jain Irrigation is currently the largest fruit and vegetable processing firm in India and its acquisition of the UK Midlands based Sleaford Quality Food Ltd will cost it about 10 million pounds. The deal was done at about three times Sleaford Quality Food Ltd’s earnings before interest, taxes, depreciation and amortization, as is the general norm for valuations and acquisitions in the food sector in the UK.

  • US web security firm Webroot acquires Prevx, a British cloud-based anti-malware company

    American based web Security Company Webroot reported it had bought the UK’s cloud based anti-malware firm, Prevx. Under the terms of the deal, the British firm’s technology is to be incorporated into Webroot’s cloud security services portfolio. Webroot said it expects the investment to change how security is delivered. However, the amount involved in the transaction was not revealed.

  • Omnicom Group Inc’s unit Diversified Agency Services buys UK firm The Core

    Diversified Agency Services, a division of Omnicom Group Inc. announced Tuesday that it has acquired The Core, an award-winning design and communications agency with offices in Hull, Leeds and London, UK.

  • US based firm Cognizant buys PIPC Group, move aimed at expanding its project management skills base

    US based IT services firm Cognizant is set to purchase PIPC, the global management consultancy group, in a move aimed at expanding its project management skills base, said the firm. With operations in more than 10 countries, and a budding global presence, PIPC has expanded its global management consultancy services to a number of markets, building a name and a reputation in its core markets such as Australia, the UK and New Zealand.

  • Cleveland Motion Controls (CMC) buys UK based multi-axis motion control specialist NEE Controls - formerly known as North East Electronics

    Cleveland Motion Controls Monday said it had bought one of the UK’s foremost manufacturers of multi-axis motion control specialist. The US based Cleveland Motion Control reported buying NEE Controls, as a move towards reinforcing its position in and increasing business amidst stiff competition.

  • Antrim Energy Inc gets two new blocks in the UK North Sea 26th Seaward Licensing Round

    Atrium Energy Inc Thursday announced the reception of an additional two new blocks in the UK North Sea in the 26th Seaward Licensing Round. The firm said it had gotten approval for the acquisition of the two from the UK’s Department of Energy and Climate Change.

  • Indian firm Venkateshwara Hatcheries Group to acquire English Premier League club Blackburn Rovers Football Club

    Venkateshwara Hatcheries Group is to acquire English football club, Blackburn Rovers. The Indian firm is in the process of the acquisition and has reported considerable progress. Venkateshwara Hatcheries Group is a poultry firm based in Pune, India and will be undertaking the investment for a consideration of 40 million pounds, around 280 crore. The transaction will be closed by November, this year.

  • Bottom-line Technologies announces acquisition of London based SMA Financial

    Foremost provider of collaborative payment, invoice and document automation solutions, Bottom-Line Technologies Wednesday announced it had acquired SMA Financial. SMA Financial is a London based provider of Software as a Service (SaaS) connectivity to SWIFT for the automation of payments and financing messaging.

  • Elecon Engineering Ltd to acquire the Benzlers - Radicon Group of businesses from David Brown Gear Systems Group

    Elecon Engineering Ltd is to acquire the Benzlers-Radicon Group of business. The firm said it will be undertaking the acquisition via its Mauritius based SPV, Elecon Transmission International Ltd. the Benzlers-Radicon Group of business is to be acquired from David Brown Gear Systems Group. Elecon has as well acquired the Applied Products Division, namely Radicon of David Brown Gear Systems UK, as well as certain assets of the gear motor businesses of Cone Drive Inc. USA.