CMA Clears MRI Software’s Acquisition of Capita One
The Competition and Markets Authority has cleared the acquisition of Capita One by MRI Software. The deal was first announced in July...
Read Full ArticleTechnical FM provider Thermatic has acquired PDS Drainage Solutions.
PDS’ position in the commercial drainage market in the UK will aid Thermatic’s’ ambition to expand its existing drainage division and deliver more for both current and prospective customers in both private and public sectors.
All PDS employees will transfer to Thermatic, alongside its extensive fleet and equipment, comprising of jet vac tankers, high-pressure jetting equipment, CCTV equipment and drain line technology.
The acquisition is the second major transaction for Thermatic, following the purchase of a critical ventilation business in 2019.
Jack Prady, Managing Director, Thermatic Technical FM, said: "This acquisition will strengthen our ability to meet the increasing demand for further strategic Drainage support to our current customer base. Furthermore, the acquisition will enhance our offering in the Hard FM space and present unrivalled capability as we continue to cement our footprint in the Technical FM space”.
Steven Partington, Drainage Director at PDS added: “This is a really exciting time for PDS and becoming part of the Thermatic family is a great move for the business. The acquisition provides PDS with new opportunities and will enhance the Thermatic brand within the drainage industry. From the initial meeting with Thermatic it felt right, the people and the vision they share for the future was a big driver for my decision. I now look forward to a bright future with Thermatic”.
Picture: a photograph of two branded commercial vehicles with PDS and Thermatic branding. Pictured at the front is Jack Prady (left) and Steven Partington shaking hands. Image Credit: Thermatic
Article written by Ella Tansley | Published 17 August 2023
The Competition and Markets Authority has cleared the acquisition of Capita One by MRI Software. The deal was first announced in July...
Read Full ArticleRanger Fire and Security has announced its first acquisition of 2025: North-West based McGoff & Vickers Fire & Security Systems. Backed by private investment...
Read Full ArticleWarwickshire-based Rock Compliance has been acquired by the andwis Group. The deal will help andwis to expand its critical compliance offering to its customers,...
Read Full ArticlePrivate investment firm Bain Capital has acquired European FM service provider Apleona. Having been acquired by equity firm PAI Partners in 2020, Apleona now has a new...
Read Full ArticleVINCI has completed its acquisition of infrastructure services business FM Conway. FM Conway specialises in essential maintenance and construction services across...
Read Full ArticleBuilding services provider andwis Group intends to become “a benchmark for technical building and compliance services” in 2025. The business, headed up by...
Read Full ArticleNew building consultancy Contollo Group has added MEP services company ESP Limited to its acquisition portfolio. This is the fourth acquisition deal from the company,...
Read Full ArticleFujitsu has agreed to sell its air conditioning arm to Paloma Rheem Holdings. IT firm Fujitsu will transfer its 44 per cent stake in Fujitsu General for a total...
Read Full ArticleCBRE has now combined its project management arm with subsidiary Turner & Townsend. Turner & Townsend has been a majority-owned subsidiary of CBRE since 2021...
Read Full ArticleTake a look at this roundup of 2024’s biggest FM mergers and acquisitions. Watch the Video > OCS's Acquisition of...
Read Full Article