The Competition & Markets Authority (CMA) has approved Wolseley UK’s purchase of Fusion Provida UK and Utility Power Systems, as of today (20 August 2014).
Fusion Provida UK and Utility Power Systems are suppliers of utility infrastructure products and pipe jointing equipment hire that distribute a range of products and equipment to utility contractors. With almost 200 employees, the businesses operate from 11 depots around the UK, including a national distribution centre and national sales office in Chesterfield, Derbyshire.
Steve Ashmore, managing director at Wolseley UK, said: “The acquisition gives Wolseley UK an excellent opportunity to expand its presence in the utilities supply chain. It is a strong 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.”