Category: Deals

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Two North West firms join forces on ‘super agency’

North West agencies Run2 and Elephant Digital have joined forces to create what they are calling a '...

Essex-based investment company Milbank Group has acquired Orion Future Technology, following a successful retirement sale from owners Martyn Charik and Gidon Bahiri. Established in 2005, Orion FT is a provider of silicon-based bio-stimulant technology and a lead provider of plant nutrient solutions. Orion FT have developed novel product formulations that stimulate natural plant defence mechanisms to protect crops against pest and disease attack. Over the past 15 years the business has grown from its operational base in the UK to sales in 20 countries around the world. The sale to the Milbank Group adds to its range of agricultural businesses including ARK Agriculture Ltd and Thomas & Fontaine Ltd (trading as Secure Covers). next story UK TECH DEALS IN 2020 Martyn Charik and Gidon Bahiri, founders and directors of Orion FT said, “We set Orion up 15 years ago and have really enjoyed developing it into the successful international business it is today. “We have also enjoyed working with our wonderful customers and friends at Reading and Hertfordshire Universities. We thank them for the friendship and loyalty developed over the years. "We explored a number of options for some time and both agreed that the family owned Milbank Group, with its young management team, would take the business forward whilst maintaining the high level of service, research and development that our customers are used to.” The Milbank Group currently has five businesses within the Group, comprising £33m in sales and over 250 employees. Businesses include; Milbank Concrete Products, Sui Generis International, Cadman Cranes, ARK Agriculture and Thomas & Fontaine (t/a Secure Covers). James Kennedy, formally of Gemini Agriculture and Certis UK, will take over as Orion FT Commercial Director with immediate effect, and will be supported by the team at ARK Agriculture (a Milbank Group company).

AgriTech firm Orion Future Technology acquired

Essex-based investment company Milbank Group has acquired Orion Future Technology, following a succe...

Feedr app

‘Cloud canteen’ start-up Feedr acquired

Food service business Compass Group UK and Ireland has acquired food and HealthTech start-up Feedr. ...

PLT was co-founded by CEO Umar Kamani, the son of boohoo chair and co-founder Mahmud Kamani

boohoo completes £324m PLT deal as share price tumbles

Boohoo Group has acquired the remaining shares in prettylittlething.com after refuting allegations t...

Rob Regan, CEO of Ascentric

Royal London sells WealthTech platform Ascentric

Insurer Royal London has sold its platform business Ascentric to investment manager M&G plc (M&G)....

Royal Mail

Northampton telematics group Connexas acquired

Swedish critical comms and secure data provider AddSecure has acquired smart transport solutions pro...

Joe.co.uk targets a male millennial demographic

Joe.co.uk owner enters administration

The UK parent company of Joe.co.uk has entered administration. Administrators from KPMG are see...

Zesty is a digital healthcare patient engagement platform

Listed HealthTech swoops for Zesty

Induction Healthcare has conditionally agreed to acquire fellow London HealthTech Zesty. The deal...

Snooker 19

Games developer Sumo Group acquires Lab42

Sumo Group, a provider of creative and development services to the video games and entertainment ind...

Jonas Steffensson

Sigma Dynamics acquires Manchester’s K3 from administration

Sigma Dynamics has purchased the Dynamics 365 Finance and Operations trade and assets of K3 Business...

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