M&As this week: McMurray Sports, ASSA ABLOY


Irish sports retailer McMurray Sports has acquired Gilmour Sports with financial support from Ulster Bank.

Based in the UK, the target company is a sports retailer specialised in field hockey.

Lock and security solutions provider ASSA ABLOY has agreed to acquire Inhep Electronics Holdings in order to enhance its presence in developing markets.

"Shenzhen Ideal Jewellery has reached an agreement with a rough diamonds trading company to acquire a 25.3% stake in the latter."

ASSA ABLOY is based in Sweden, whereas Inhep Electronics is a South African manufacturer and distributor of electronic security solutions.

The acquisition is expected to be completed by the third quarter of this year.

Shenzhen Ideal Jewellery has reached an agreement with a rough diamonds trading company to acquire a 25.3% stake in the latter.

Based in China, the acquirer company designs, manufactures and sells jewellery.

The purchase consideration for the acquisition is CNY1.6m ($0.23m).