Kalamazoo Computer has sold Kalamazoo Answer the developer of software solutions for food and drink companies to a management buy-out for a nominal sum... [more]

Gameplay.com has acquired Joysoft the German online computer games retailer for £2.5m and is now seeking acquisitions in France... [more]

NXT has sold its Mission division which makes conventional hi-fi speakers to a management buy-out for £5.2m... [more]

Motherwell Bridge has sold its information systems division to a management team led by venture capital group 3i in a £75m deal... [more]

RW Buxton the Birmingham-based contractor has been acquired by Fifehead Group for undisclosed terms... [more]

John Laing has acquired Beechcroft the developer of retirement homes for £9.6m... [more]

Schroders is selling its investment banking business to Citigroup of the US for £1.35bn and £200m of the proceeds will be used to establish a private banking business... [more]

Old Mutual is to acquire Gerrard Group the financial services company for £525m and expects to establish a private banking service using Gerrard's banking licence... [more]

Arthur Shaw is acquiring Belgravia Internet Productions for an initial £2.3m in order to produce broadcasts for transmission over the internet... [more]

Glaxo Wellcome is to merge with SmithKline Beecham to create a combined pharmaceuticals group with market capitalisation of £107bn and the operational headquarters will be moved to the US... [more]

FI Group is to acquire Druid Group the business software group for £763m in order to create a new force in the market for e-business and IT consulting... [more]

Smiths Industries is to acquire EMC Technology the US manufacturer of high-performance connectors for £26m... [more]

Baltimore Technologies has acquired GTE CyberTrust Solutions the US internet security company for £91m... [more]

Ocean Group is to sell its Cory Towage marine services business to Wijsmuller of the Netherlands for £82m in order to focus on global logistics... [more]

Rebus is to acquire Moorepay the supplier of payroll processing systems for £41m... [more]

Racal Electronics has agreed to a £1.3bn takeover bid from Thomson-CSF of France and Thomson's existing 6000 UK employees are expected to be reorganised around Racal... [more]

Scottish Media Group is to acquire Ginger Media Group for £225m in order to build up its radio and TV activities... [more]

Bristol Water has acquired Operational UK the supplier of energy and environmental engineering services for £4m as part of a strategy to build up its non-regulated business... [more]

Horners Motor Group the Manchester-based Rover dealership is to undergo a management buy-out for undisclosed terms... [more]

HM Group the construction equipment dealer has undergone a £18m management buy-out... [more]