Wolseley UK has bought Fusion Provida and Utility Power Systems (UPS), two trading businesses of Fusion Group Ltd, it was announced today (1 April 2014).
Fusion Provida and UPS 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, Wolseley UK 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 and UPS’ great customer service and expertise fits well with Wolseley UK’s strategy and values and by working alongside Burdens, can help us fulfil our potential in the infrastructure and utilities marketplaces.
“Today’s deal marks another significant development in Wolseley UK’s growth ambitions and is in line with our strategy to achieve leading market positions in all of our businesses.
“Although Wolseley UK now legally owns and has responsibility for Fusion Provida and UPS, we are filing with the UK’s Office Competition and Markets Authority (CMA) to clear the purchase. However, as the business complements our existing portfolio, we expect to obtain clearance from the CMA and we hope the CMA process will be complete in three to four months.”