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Done deals:

• Plastics Capital, a plastics products manufacturer, has bought Palagan for an undisclosed sum with debt provided by Royal Bank of Scotland
• 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

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

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