North East deals of the week: investments, contract wins and acquisitions you shouldn’t miss

Technology firm Sage has announced a £225m acquisition of a company in which it took a minority stake last year.

The Newcastle firm took a 17% share in Bristol’s Brightpearl, which provides software for retail businesses, 12 months ago and now it has acquired the rest of the company for $299m (£225m).

The deal is the latest in a string of acquisitions, disposals and investments made by Sage over the last 18 months as the company continues to adapt to the changing business landscape.

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Sage said the deal “will create a powerful solution for retailers and wholesalers which integrates financial management, inventory planning, sales order management, purchasing and supplier management, CRM, fulfilment, warehousing and logistics management”.

The deal is subject to regulatory clearance in the US, but is expected to close in January.

Darlington’s Tekmar Group has announced a contract award by DEME Offshore to supply cable protection systems for the Dogger Bank Wind Farm being built off the North East coast.

The deal – for the world’s largest offshore wind farm – highlights the opportunities for the region in the renewables sector.

When complete, the wind farm will be capable of powering six million homes, making it the world’s largest offshore wind farm.

Tekmar Energy has signed a contract with procurement and installation contractor DEME Offshore to design, manufacture and supply Generation 10 TekTube CPS to protect subsea inter array cables on the first two phases of the project, with an option for the third phase.

All systems will be manufactured at Tekmar’s facility in the North East, with the first expected to be delivered next August 2022 and production continuing into 2024.

Gateshead’s Lucion Group has acquired specialist consultancy Aberdeen Radiation Protection Services (ARPS) Ltd in a deal that will expand its presence in Scotland.

Staff from ARPS, which was founded in 2001, will join Lucion as part of the deal.

Risk management group Lucion Services has acquired environmental consultancy Delta Simons (Image: Lucion Services)

Founded in 2001, ARPS provides radiation protection services to a wide range of industrial and non-industrial companies operating globally.

It specialises in services for companies in the energy sector but also serves waste management industry and other sectors.

Adam Mead, managing director of testing and inspection at Lucion Group, said: “The ARPS team has established an excellent reputation in the sector over the last two decades and their expertise, knowledge and contacts in the marketplace are welcome additions to the broad range of services we currently provide. .”

The new infrastructure division of County Durham renewable energy and property firm The Banks Group has won its first major contract.

From left to right: Saint-Gobain Formula plant manager Jamal Chaya, Banks Infrastructure site manager Neil Cook, Saint-Gobain Formula quarry manager Kevin Glasper and Banks Infrastructure production manager David Paterson. (Image: Banks Infrastructure)

Banks Infrastructure has taken over as principal contractor at Bantycock Quarry near Newark, Nottinghamshire, after winning a competitive tender from operators Saint-Gobain Formula.

Gavin Styles, executive director at The Banks Group, said: “Our ability to quickly adapt and refocus our business has long been a strength. Following a difficult 2020, we set out to repurpose our mining division and I am delighted that our new Banks Infrastructure division has won its first major contract.

And finally the Inn Collection Group has made its first acquisition in Wales – the Swallow Falls Hotel in Snowdonia.

The Swallow Falls hotel in Betws-y-coed, Snowdonia, North Wales (Image: The Inn Collection Group)

The Alnwick firm has bought the 19-room site and adjoining hostel with campsite in an undisclosed deal marking its first acquisition in Wales and its first outside of its north of England heartland.

The site will be closed while The Inn Collection Group begins an immediate restoration of the building, which is located alongside the famous Swallow Falls waterfall in Betws-y-Coed.
Coreena FordChronicle and Journal business writer