Mergers and acquisitions RSS feed for the Mergers and acquisitions tag
found 132 stories.
Business
Duncan Tift BusinessDesk 22 Feb 11
Jaguar Land Rover parent Tata Motors is in talks with a Chinese sport utility vehicle maker regarding a possible assembly agreement, reports have claimed.
Reuters said the Indian company was holding discussions with Great Wall Motor Co about the possibility of a tie-up.
The move, if confirmed, would tie in with recent speculation about Tata wanting a foothold in China…
Business
Express & Star 18 Feb 11
Historic concrete business Tarmac is being merged in a deal worth more than £2 billion, it was announced today.
The move creates uncertainty for 500 people who work at the company’s base in Wolverhampton. The company is merging with the UK arm of French quarrying giant Lafarge.
No decision has been taken about where the new business will be based, raising fears for the future of Tarmac’s base in Millfields Road, Ettingshall…
Business PR
MBN 7 Feb 11
Autorite (Willenhall) Limited, which was established in 1982, has been acquired by Darren Harris and his holding company Midlands Properties. Mr Harris is also a director of Autobits Scrap Metal which operates a mile away from Autorite on the Ashmore Lake Business Park in Willenhall.
Autorite specialises in heavy and light vehicle recovery 24 hours a day. It has both car and commercial vehicle workshops and carries out all types of vehicle repairs and maintenance. Autorite is a car MOT testing station and can prepare and present all commercial vehicles for test to ministry standards…
Business
MBN 19 Jan 11
Highcross has acquired the Maybrook Road industrial estate in Brownhills, for £6.075 million.
The 159,362 sq ft industrial estate, which includes 28 units, has been purchased from Croudace Properties. The property is part of a larger industrial area, and is located two miles from Junction T6 of the M6 toll and six miles from Junction 10 of the M6 motorway.
The units were built in the early 1980s and range from 2,254 sq ft to 28,126 sq ft on a 8.63 acre site. The estate is almost fully occupied, with only one 5,000 sq ft unit currently available…
Business
Transport Engineer 18 Jan 11
Bevan Group severs link with repairs operation
Truck Engineering has been subject to a management buyout from Halesowen based Bevan Group for an undisclosed sum.
Bevan acquired a majority stake in Truck Engineering seven years ago, to handle major repair work that its own field engineers could not complete at customer locations.
However, Bevan managing director Anthony Bevan says that, unlike other parts of the business, Truck Engineering retained some autonomy…
Business
Marc Reeves BusinessDesk 11 Jan 11
Willenhall engineering firm, Niagara Lasalle (UK) Ltd, has been bought for £27m by Endless LLP in the turnaround specialist’s second major acquisition in as many days.
Niagara Lasalle employs more than 300 people and operates from six processing and distribution operations throughout the UK. The group provides hot rolled and bright steel bars in engineering steel grades…
Business
James Reed BusinessDesk 1 Oct 10
Cooper Safety has stepped up its interest in Mount Engineering – owner of Darlaston’s Redapt Engineering – with an offer valuing the company at £19.23m.
The offer of 82p per share is 17% higher than the bid made by Wakefield-based engineering support services firm Redhall last week which valued the company at £16.4m.
Business
BusinessDesk 29 Sep 10
A £16m takeover deal involving two Walsall engineering firms could be back in the melting pot after an eleventh hour rival bid for the businesses.
Redapt Engineering, in Darlaston, and Aldridge-based Raxton are both subsidiaries of Mount Engineering subject to a £16.4m takeover deal after the Mount board recommended the 70p per share proposals to shareholders.
However, Leamington Spa-based emergency equipment manufacturer Cooper Safety has now thrown a spanner in the works by announcing it is considering a rival bid…
Business
BusinessDesk 22 Sep 10
Two Walsall engineering firms are set for takeover as part of a £16.4m deal that will see Yorkshire-based support services firm Redhall take on the assets of Mount Engineering.
Redapt Engineering, in Darlaston and Aldridge-based Raxton are both subsidiaries of Mount.
The Mount board have recommended shareholders in the York-based firm accept the offer of 70p per share, a 26% premium on the closing price yesterday…
Business
B'ham Post 23 Aug 10
The GMB union has warned pub managers to “be very afraid” after Birmingham pub group Mitchells & Butlers decided to sell more than 300 of its bars to private equity firm TDR Capital.
The GMB union said it was worried that the people behind TDR Capital were the same investors behind the financial engineering at Punch Taverns – which has been accused of putting unfair pressure on its licensees through the beer tie after finding itself in financial difficulty…