Done Deals

• i3 Group, a Merseyside-based connectivity provider and formerly H2O Networks Group, has acquired Fibre Associates, a manufacturer of fibre optic connectivity products based in Colwyn Bay, for an undisclosed sum.

• Runcorn-based Phoenix Medical Supplies has acquired Computer Systems for Distribution of Stafford for an undisclosed sum.
• Source: Crain’s Manchester Business

• Cambridge-based CSR has acquired SiRF, the US manufacturer of microchips for GPS systems, in an all-share deal worth £91 million. Following completion, SiRF shareholders will own some 27 per cent of the enlarged CSR group.

• Morse Plc, the IT services and technology company, has disposed of its loss-making UK and Jersey investment management consultancy business to Navigant Consulting, an intenational management consultancy listed on the NYSE, in a deal worth up to £1.7 million.

• Bachy Soletanche has bought Simplex Foundations, the North East-based piling contractor, from Norwest Holst for undisclosed terms.

• PR company Paver Smith, with operations in Liverpool and Manchester, has scooped Pazang PR, the Wilmslow-based public relations agency.

• Bath-based printing firm Ralph Allen Press has been bought by its management for an undisclosed sum.
• Source: UK Business Activity Report

Deals in the Pipeline

• Patsystems, which provides software derivatives and other electronic trading, is scouting acquisitions after lifting annual profits 23 per cent. Read more