Wolseley UK has announced that it has purchased Fusion Provida and Utility Power Systems (UPS), two trading businesses of Fusion Group Ltd.
Wolseley UK has announced that it has purchased Fusion Provida and Utility Power Systems (UPS), two trading businesses of Fusion Group Ltd.
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.
The businesses operate from 11 depots nationwide, including a National Distribution Centre and National Sales Office in Chesterfield, Derbyshire and employ just under 200 people.
Managing director of Wolseley UK, 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 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.
He 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 CMA process will be complete in three to four months.”