Wolseley UK recently received clearance from the UK Competition and Markets Authority to acquire Fusion Provida UK and Utility Power Systems. The deal was originally announced on April 1 but received formal clearance just last week.
Construction products and materials provider Wolseley acquires the two companies' combined 200 employees, 11 depots around the UK and a national distribution center and national sales office in Chesterfield, Derbyshire.
Fusion Provida UK supplies utility infrastructure products, and Utility Power Systems supplies and hires out pipe jointing equipment to utility contractors.
Wolseley UK managing director Steve Ashmore said: “The acquisition gives Wolseley UK an excellent opportunity to expand its presence in the utilities supply chain. It is a strong next step in our strategy to grow in this marketplace and trade in areas where we are equipped to win.
“Fusion Provida UK and Utility Power Systems’ great customer service and expertise fit well with Wolseley UK’s strategy and values. Working alongside our Burdens business and led by Burdens’ managing director, Keith Dorling, they can help us fulfil our potential in the infrastructure and utilities marketplaces.”
Wolseley UK is a subsidiary of Wolseley plc, a specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, and Europe. Wolseley plc is the world's largest industrial supplier, with 2013 sales of $21.6 billion.
Learn more about Wolseley UK here.