Kantar Health acquires health consultancy services company Evidências in Brazil

WPP’s wholly-owned global healthcare consulting firm, Kantar Health, has acquired Focus Assistência Médica S/S Ltda. and Classe Assistência Médica S/S Ltda. (“Evidências”), a leading healthcare research company, in Brazil.

Evidências’ unaudited revenues for the year ended 31 December 2013 were approximately R$5.8 million with gross assets of approximately R$0.9 million at the same date. Founded in 1998, the company employs 22 people and is based in Campinas with an office in São Paulo.

Evidências provides consultancy and research services in pharmacoeconomic studies and analysis, local dossier submission packages, professional writing, market access and training. It works with all segments of the Brazilian healthcare market, including health insurers, government bodies, hospitals and providers, and pharmaceutical and medical device manufacturers.

UK, London & Brazil, São Paulo

Y&R Advertising acquires creative and research agency from MCS Holding in Mongolia

WPP’s wholly owned operating company Y&R Advertising is to acquire the creative and research agency of MCS Holding LLC, one of Mongolia’s largest conglomerates.

The deal marks WPP’s first acquisition in Mongolia. In addition, Y&R becomes the first global ad network to establish a majority-owned agency office in the country.

Established in 2008, the creative and research agency provides a range of services, including advertising development and events management as well as consumer and retail market research services. Its clients include MCS Asia Pacific Brewery, Dell, Herbalife, and JTI. The agency has approximately 45 people.

Following the acquisition, the agency will be renamed Y&R Mongolia; its market research business will be affiliated to WPP’s global research consultancy TNS, which will be the first international research consultancy to establish a presence in Mongolia.

UK, London & Mongolia

IHS acquires PCI Acrylonitrile, a U.K.-based chemical market advisory service

ihs_logo_mpIHS Inc. has acquired PCI Acrylonitrile, a provider of chemical market insight and consulting services for the global acrylonitrile and derivatives industry.

Based in the U.K., PCI Acrylonitrile publishes the Acrylonitrile Market Report, a monthly report focused on the global acrylonitrile industry and its derivatives. Led by Simon Garmston, founder of PCI Acrylonitrile, the company also provides annual market analysis as well as consulting services and hosts a key industry event focused on the acrylonitrile sector.

“The acquisition of PCI Acrylonitrile is a tremendous addition to our industry-leading chemical market advisory service covering the fibers and plastics businesses,” said Scott Key, IHS president and CEO. “The acrylonitrile analysis, combined with our IHS Chemical olefin, propylene market and special reports coverage, as well as the upstream market coverage we deliver at IHS, will provide unparalleled integrated analysis that is essential to our customers. We are excited to welcome Simon Garmston, who is recognized globally for his expertise in this highly specialized, but strategically important and growing chemical market.”

Acrylonitrile is an essential component for the production of fibers and polyacrylonitrile (PAN), a versatile, high-strength polymer (plastic) resin used to produce a variety of products in both civilian and military applications. PAN fibers are used to manufacture clothing and other ‘acrylic-based’ products. Additionally, PAN is used to produce high-quality carbon fibers, which are essential to high-tech communications infrastructure and production of aircraft, filtration systems, missiles, industrial and technology components, as well as numerous consumer goods.

USA, Englewood, CO & UK, London

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Ameresco acquires independent energy services provider Energyexcel

amerescoAmeresco, an energy efficiency and renewable energy company, has acquired the energy consultancy and energy project management business of Energyexcel LLP, an independent energy services provider located in Central London. The terms of the deal were not disclosed.

This is Ameresco’s second UK acquisition in 14 months. In June 2013 Fusion DigiNet reported that Ameresco acquired ESP, an energy management consulting company consisting of The Energy Services Partnership and ESP Response, located in Castleford, UK.

“We look forward to having the Energyexcel team join the Ameresco family, further supporting our commitment in the UK market and expanding our capabilities and value-added services to serve local and multi-national commercial, industrial and manufacturing customers in North America and Europe,” said David J. Anderson, Executive Vice President, Ameresco. “Our acquisition of the Energyexcel business, combined with the capabilities of our recent acquisition of ESP, allows Ameresco to provide a comprehensive range of energy efficiency, renewable energy solutions and intelligent energy management services, addressing both sides of the customers’ meter, including energy supply, demand response, real-time energy data information and analytics, and utility invoice management. The experience and capabilities of these award-winning organizations allows Ameresco to advance its geographic expansion abroad while increasing our business in the commercial and industrial space.”

Energyexcel’s efficiency and project management services help commercial and industrial customers improve performance of existing energy systems, introduce new energy-efficient technologies and onsite generation, institute energy monitoring and targeting (M&T), reduce carbon emissions and track sustainability initiatives, comply with energy and climate change requirements, and realize energy cost savings to improve business performance. Some current Energyexcel customers include a large UK-based pharmaceutical company, four of the five largest supermarket chains in the UK, and a multinational chocolate bar manufacturer.

USA, Framingham, MA & UK, London

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Utilitywise plc – Year End Trading Update

utilitywise-logoEnergy management consultancy Utilitywise PLC has provided a trading update for its financial year ended 31 July 2014.

The announcement

Revenue and adjusted profit before tax is expected to be in line with market expectations. Net cash balances at 31 July 2014 stood at approximately £9.7 million, comfortably ahead of market expectations, in part as a result of improved commercial terms with a number of energy suppliers.  The Group’s  revenue pipeline, representing revenue secured but yet to be recognised, was £28.2 million as at 31 July 2014 compared to £16.6 million as at 31 July 2013 (31 Jan 2014: £23.8 million).

(Fusion DigiNet – As at 31 January 2014 the Company reported revenues from H1 2013 to H1 2014 of £21m.)

Trading remains strong and the Board is confident in the Group’s ability to deliver continued organic growth. The customer base continues to grow across all business units and the Group’s new business run rate remains in line with management expectations.

 Utilitywise expects to announce its full year results to 31st July 2014, in the final week of October 2014.

Geoff Thompson, CEO of Utilitywise, commented: “We are delighted to provide an update on what has been another period of growth for the business, both organically and through acquisition. The strong trading momentum from the first half of the year has continued into the second half and as a result, we anticipate results to be in line with market expectations which were revised upward at the time of the Group’s interim results. Progress with the strategic scaling of the business has continued as expected and the planned move to our new facility is on schedule for occupancy to commence in October, providing the necessary capacity to grow total Group headcount to 1,400 over the next two years. Additionally, following its acquisition in April, ICON is performing as planned, and the Board remains confident in the Group’s future prospects.”

The company has also announced that it is moving to larger premises at Cobalt Business Park, North Tyneside.

UK, South Shields

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GDF SUEZ, through its Cofely subsidiary, acquires Lend Lease’s UK FM ssets

gdf suezGDF SUEZ through its Cofely subsidiary has completed the purchase of Lend Lease Group’s UK facilities management business (LLFM).

This acquisition will make Cofely one of the UK’s largest providers of technical services PFI and provide an increased portfolio of long-term FM contracts in key public sector and healthcare markets. Over the next 25 years these contracts will provide Cofely with a guaranteed revenue stream of 2.5 billion GBP. The transaction will also give Cofely a significant, new lifecycle management capability to its business, which includes building fabric and major repair & replacement.

LLFM currently provides a range of FM services across the UK and Ireland, with particular focus on healthcare, education, government and retail. The business has a number of large long-term contracts with clients comprising a number of major National Health Service (NHS) Trust hospitals at locations including Manchester and Leeds, Local Education Authorities in Birmingham and Lincolnshire, HM Treasury and Bluewater Shopping Centre.

LLFM will be combined with Cofely’s existing UK business with immediate effect, with the new entity operating under the Cofely brand.

Commenting on the acquisition Jérôme Tolot, GDF SUEZ Executive Vice President, in charge of the Energy Services Business Line: “The acquisition of LLFM reinforces our strategy to further evolve our business here in the UK. It continues to strengthen our service capability and our credentials as a leading UK service provider. LLFM has many synergies with our existing business and it will also provide us with the addition of a full lifecycle management capability. This will allow us to introduce and integrate new smart & low carbon energy efficient technologies into buildings for customers over the term of the contracts.”

The acquisition follows Cofely’s purchase of Balfour Beatty WorkPlace in late 2013.

France, Paris & UK, London

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Rame Energy acquires Beco

RameRame Energy plc, the energy consultant, engineer and power generator, has acquired Beco Ltd, a UK based designer and installer of solar energy systems, £150,000.  Based locally to Rame’s Plymouth head office in Devon, Beco specialises in photovoltaic solar energy systems for domestic, commercial, marine and off-grid uses. In addition Beco installs wind turbines and is a distributer for Kingspan wind turbines as well as manufacturing its own range of solar charge controllers and specialist batteries.

becoBeco reported revenues of £877,344 and a loss of £17,208 for the period from 21 June 2012 to 30 June 2013.  In the nine months to 31 March 2014, Beco had unaudited revenue of approximately £1.32 million and was profitable.  It has a current order book valued at approximately £1.30 million to 30 September 2014.  On completion, which is expected to be 1 July 2014, Beco will have shareholder loans totalling £239,255.56.  The Acquisition is expected to be earnings enhancing for the six months ended 31 December 2014. The consideration is to be satisfied by the issue of 989,283 new ordinary shares in the Company. In addition, on completion Rame will make a loan to Beco of £100,000 to enable the partial redemption of a proportion of the Vendor Loans.  The remaining Vendor Loans shall be repaid out of a portion of profits generated by Beco over two years.

Tim Adams, Rame CEO, commented: “Having collaborated with Beco on a number of solar opportunities over the past five years, we are delighted to have agreed the Acquisition and to welcome its multi-skilled team into the Group.  Beco’s proven expertise in both grid connected and off-grid solar power projects, and the synergies between our groups, will allow Rame to substantially expand our solar power activities worldwide, and also strengthen our engineering division’s capability to deliver cost effective and reliable power solutions to blue chip customers around the world.  As well as the potential to increase turnover and profits at Rame’s engineering division, the acquisition of Beco will support the opportunity we have identified to develop solar power projects as an Independent Power Producer (“IPP”), similar to the wind power projects we are constructing in Chile, where the first two of a multi-project 300MW three year programme are due to come on stream later this year.”

UK, Plymouth, Devon

Landis+Gyr to acquire utility analytics company GRIDiant Corporation

landisand gyrLandis+Gyr is acquiring GRIDiant Corporation, a utility analytics company focused on the electric distribution grid.  Advanced grid analytics enable utilities to extract business value from large data sets, as smart meters and other grid devices to provide in-depth information about their distribution networks. The terms of the deal were not disclosed.

gridiant_logo1“We understand that utilities around the world want to continually improve their business operations,” said Andreas Umbach, Landis+Gyr’s President and CEO. “We believe the insights gained from analytic tools are essential ingredients in leveraging the value from smart grid infrastructure investments, and that these insights can promote operational efficiency throughout the distribution grid.”

USA, Atlanta, GA & Los Altos, CA

GDF SUEZ acquires Ecova for $335M

gdf suezFrench energy group, GDF SUEZ is acquiring Ecova for $335 million. Ecova, an indirect subsidiary of Avista Corp, helps its clients in North America reduce energy cost and resource consumption. Completion is expected by July 1, 2014.

GDF said that the acquisition is part of a strategy of developing its Cofely brand in energy services.

ecovaThe company serves more than 700,000 clients sites and employs more than 1,450 individuals based in 18 offices across North America. Ecova manages $20 billion of utility expenses (energy representing the majority) and generated $180 million of revenues in 2013.

Commenting on the acquisition, Jérôme Tolot, GDF SUEZ Executive Vice President in charge of Energy Services, said: “This acquisition is a major step for the Group in energy efficiency. It will reinforce our expertise in energy data management and combined with our multi-technical know-how in energy efficiency. We will be able to offer innovative and concrete services to assist our clients with the transition to a low carbon economy. In this context, we are pleased to welcome Ecova, its employees and its customers to the GDF SUEZ family of businesses.”

USA, Spokane, WA & France, Paris

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Morningstar acquires HelloWallet Holdings for $52.5 million

morningstarMorningstar, a provider of independent investment research, is acquiring HelloWallet Holdings, a provider of independent financial guidance, for $52.5 million. Morningstar will pay $39.0 million because it currently has a minority stake in the company valued at $13.5 million.

hellowalletHelloWallet was founded in 2009 by Dr. Matt Fellowes, a consumer finance expert and former Brookings Institution scholar. In January 2012, Morningstar became a HelloWallet investor with $6.75 million in Series B funding. HelloWallet has a loyal and committed client base of retirement plan sponsors, such as Marsh & McLennan, United Technologies, and Salesforce.com, as well as key relationships with leading retirement plan providers. HelloWallet combines behavioral economics and the psychology of decision-making with sophisticated technology to provide personalized, unbiased financial guidance to more than 1 million U.S. workers and their families through their employer benefit plans. HelloWallet has about 50 employees in Washington, D.C., and Fellowes will remain with the firm in a leadership role.

Brock Johnson, head of retirement solutions for Morningstar, said, “There is a strong mission and cultural alignment between Morningstar and HelloWallet. Both firms are independent, entrepreneurial, and grounded in academic research. We want to bring together HelloWallet’s expertise in behavioral and consumer research and analytics with Morningstar’s investment management capabilities to create the first holistic solution for the retirement market. HelloWallet’s done a tremendous job—its unique approach to financial wellness has changed the way employers view benefits programs and the way employees manage their daily finances. Working together, HelloWallet and Morningstar have an opportunity to significantly improve the financial and retirement outcomes of workers.”

Through HelloWallet’s website and mobile applications, employees input their goals and priorities and add their financial information, including income, bank accounts, credit cards, retirement plans, insurance, and investments. HelloWallet creates budgets and analyzes trends in financial behavior to recommend how members can prioritize financial decisions, identify ways to stretch their paychecks, and make the most of their benefits, such as 401(k) plans, health savings accounts, flexible spending accounts, and insurance. HelloWallet also automatically alerts members when they need to make changes.

USA, Chicago, IL & Washington DC

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