ZPG Plc acquires Expert Agent

zpgZPG Plc has acquired Expert Agent. The terms of the deal were not disclosed. 

Established in 2003, Expert Agent provides cloud-based software solutions and systems for the day-to-day management of inventory, marketing and communications for estate agents and lettings agents across the UK. 

expertagentUntil February 2017 ZPG Plc was called Zoopla Property Group Plc. The company is already the owner of Zoopla, uSwitch, PrimeLocation, Hometrack and Property Software Group.

Expert Agent will continue to operate as a standalone platform and brand and the team will become part of the Property Services division of ZPG.

Mark Goddard, Managing Director, ZPG Property Services said, “This acquisition helps us continue to enhance the services we offer to UK property professionals, including software and CRM, digital marketing and data insight tools. We will integrate our MoveIT and MyPropertyFile products into the Expert Agent platform in time to provide its members with a range of new revenue opportunities. Our ambition is to be the most effective partner to the UK property industry and this deal is another step towards that goal. We look forward to welcoming Mike and his team to the ZPG family.”

UK, London

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CLEAResult acquires Green Team Energy Services

clearesult_logoCLEAResult, a provider of energy efficiency services in North America, has acquired Green Team Energy Services, a provider of digital, cloud-based energy efficiency and demand side management (DSM) software that leverages the Salesforce.com CRM platform. The terms of the deal were not disclosed.

dsmtracker_4302013Green Team’s cloud based software, DSMTracker, will be incorporated into CLEAResult’s residential, commercial and industrial, and marketing offerings. CLEAResult will also offer DSMTracker as a standalone software platform. Several utility companies, including Duke Energy and Alameda Municipal Power, have adopted DSMTracker to automate key aspects of their DSM programs, including program planning and design, marketing, tracking, execution, electronic rebate processing, document management and reporting.

 

Green Team was founded in 2013 and is headquartered in Atlanta. All of Green Team’s employees will join CLEAResult.

“As our clients’ industry evolves, leading-edge technology applications for energy efficiency have taken on tremendous importance in terms of creating differentiated experiences and customer growth,” said Aziz Virani, CLEAResult CEO. “This technology investment will allow us to further increase the value we are able to create for our clients as the leading provider of energy efficiency programs, and reflects our continued commitment to bring innovative technologies and capabilities that will help our utility clients succeed.”

 

USA, Austin, TX & Atlanta, GA

RWS Holdings plc to acquire life sciences language services provider LUZ

rwsRWS Holdings plc, a provider of intellectual property support services (patent translations, international patent filing solutions and searches), commercial translations and linguistic validation, is to acquire LUZ, Inc., a US based life sciences language services provider for $82.5 million. RWS is placing 12.1 million new Ordinary Shares to raise £40 million to part-fund the Acquisition. The balance will be funded from a new $26.3 million banking facility with Barclays Bank as well as existing RWS cash resources.The acquisition is expected to complete on 17 February 2017 following completion of the Placing.

luzBased in San Francisco with around 100 employees, LUZ is a life sciences translation provider, specialising in medical devices and regulatory activities. LUZ services a number of the world’s leading pharmaceutical and medical device manufacturers. Services include translation, desktop publishing, client review coordination, and project management.

In the year to 31 December 2016, LUZ delivered revenue of $29.2 million (2015: $23.7 million; 2014: $21.2 million) and operating profit of $7.7 million (2015: $3.6 million; 2014: $3.4 million).

The operational management team of LUZ is expected to continue in current roles; the founders and current owners will exit in full after a short transition period.

Andrew Brode, Chairman of RWS, commented: “We are delighted to be acquiring LUZ which, together with CTi, will strengthen the Enlarged Group as a leading player in the global Life Sciences translation space, with a significant presence across North America, Europe and Asia. We are also pleased with the level of support we have received from existing shareholders and new institutional investors in the Placing.”

UK, Chalfont St Peter & USA, San Francisco, CA

Independent British energy supplier Ovo acquires U.S. smart grid technology company VCharge

ovoOVO Energy, a UK based independent energy supplier, has acquired of US energy technology company, VCharge. Headquartered near Boston, VCharge has developed a proprietary technology platform that changes how electric grids are controlled in preparation for the rapid transition to renewable energy and energy storage, helping to solve the problem of renewables intermittency. The terms of the deal were not disclosed.

vchargeThe groundbreaking technology uses advanced algorithms to balance grid requirements with individual user requirements.  The first application of the pioneering technology controls electric storage heating in social housing to better manage resident comfort and to address the issue of fuel poverty in local communities, while simultaneously supporting the widespread adoption of renewable energy by providing valuable grid balancing services.

VCharge heating controls are fitted to new or existing electric storage heaters and can be controlled via a smartphone.  When coupled with a new smart tariff, residents experience dramatically improved comfort, lower bills and have control over their heating systems for the first time.

VCharge has completed a number of successful trials of the technology over the last year with major social housing landlords in London, Scotland and the North East, and, with OVO, will begin offering free heating control upgrades combined with a new smart energy tariff to the 1.5m households in Great Britain with electric storage heaters later this year.

The acquisition is the first in OVO’s seven year history.

Stephen Fitzpatrick, CEO of OVO, said: “I’m thrilled to bring VCharge into the OVO family. The team have been doing incredibly exciting and important work in developing technologies that answer the enormous challenge of how to bring more renewable energy to grids around the world. We believe this platform will harness the potential of energy storage in reducing dependency on fossil fuels, while helping to make energy more affordable for all.”

UK, Bristol & USA, Boston, MA

The Anthesis Group acquires energy and carbon management solutions provider Sustain

anthesis-logoThe Anthesis Group, a sustainability services and solutions provider, has acquired Sustain, the Bristol-based energy and carbon management solutions provider. This is the tenth acquisition since the formation of Anthesis in September 2013. The terms of the deal were not disclosed.

Sustain is a UK energy and carbon management company dedicated to providing cost and carbon efficiencies. Through a team of expert engineers, consultants and project managers Sustain design, deliver and manage energy resources for clients in public and private sector organizations.

Stuart McLachlan, CEO of Anthesis Group, said “Joining forces with Sustain allows us to enhance the Group’s offering in the energy efficiency market, an area where we are seeing particular growth. We are now able to support our clients in the end-to-end design and implementation of energy and carbon management projects”; he continued “there are great synergies for Anthesis and Sustain, with strong alignment between our delivery ethos and driving business value through sustainability.”

Tobias Parker, Managing Director of Sustain remains with the company and will join The Anthesis Group board.

UK, Oxford & Bristol

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Inspired Energy acquires Informed Business Solutions

inspired-logo3Inspired Energy PLC has acquired Informed Business Solutions Limitedan energy procurement and environmental services provider, for an initial consideration of approximately £2.25  in cash and shares. Informed Business Solutions provides its services provider to large and multi-site corporates. It has a particularly strong presence in the multi-site retail and leisure markets.  Both companies are based in Kirkham, Lancashire.

Inspired are paying an initial consideration of £1.75 million in cash and issuing 3,545,596 new ordinary shares to the shareholders of Informed. Deferred consideration of up to £2.0 million may also be paid subject to financial performance criteria based on both the contracted order book and revenue for the financial years ending 31 December 2017 and 2018. The Deferred Consideration will be payable in four tranches of up to £0.5 million each.  Two tranches, in relation to the financial year ending 31 December 2017, will be payable in July 2017 and February 2018.  A further two tranches, in respect of the outturn for the year ending 31 December 2018 will be payable in September 2017 and July 2018. 

The directors of the business will remain with the enlarged group. Their shares are subject to a 12 month lock-in and orderly market provisions for a further 12 months from the date of admission.

For the audited financial year ended 31 December 2015, Informed delivered revenues of £1.7 million, EBITDA of £0.7 million, pre-tax profits of £0.7 million and generating operating cash of £0.8 million. Net assets as at 31 December stood at £0.5 million. 

Commenting on the Acquisition, Janet Thornton, CEO of Inspired Energy said: “We are delighted to conclude the acquisition of Informed which is a highly complementary addition to the Group’s core corporate division. The Acquisition broadens our customer base, further enhances our sector specialisms and strengthens our service offering within environmental consultancy. We look forward to working closely with the highly experienced and knowledgeable team of Informed and welcoming them into our core Corporate Division as we seek to advance our position as a market leader.”

UK, Kirkham, Lancashire

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Centaur acquires specialist marketing consultancy Oystercatchers for £3.35M

centaur-logoCentaur Media Plc has acquired Oystercatchers LLP for £3.35 million. Oystercatchers is a consultancy helping brands to accelerate their marketing performance. 

Centaur is paying up to £3.35 million for Oystercatchers, with £2.2 million payable on completion. The deferred consideration is contingent on results, including  EBITDA for the 12 month period ending on 31 March 2017. All consideration is payable 75% in cash, 25% in Centaur shares with a two-year lock-in period on the shares. Completion is targeted for 1 October 2016. 

Oystercatchers’ founders of Suki Thompson and Peter Cowie, and senior management team will remain with the business and Suki Thompson will join the Centaur Executive Committee. 

Oystercatchers’ turnover has grown from £1.1million in the year to 31 March 2012 to £3.4million in the year to 31 March 2016. In the year to 31 March 2016, Oystercatchers made a profit before tax of £0.6m and had gross assets of £1.1m as at that date. 

Andria Vidler, CEO of Centaur Media commented, “This acquisition is a win-win for our businesses. The combination will enable Centaur to become the “go to” provider for brands seeking to drive its marketing performance. This kind of specialist acquisition is a good example of how Centaur will seek to accelerate its presence in its chosen market sectors. ”  

UK, Londo

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