Wolseley UK buys Fusion Group businesses
Published: 01 April, 2014
Wolseley UK has bought Fusion Provida and Utility Power Systems (UPS), two trading businesses of Fusion Group, 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.
“The acquisition gives Wolseley UK an excellent opportunity to expand its presence in the utilities supply chain,” said Steve Ashmore, managing director of Wolseley UK. “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.”
Mr Ashmore added: “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 process will be complete in three to four months.”