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Central and East
Tuesday 25 August 2020

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AVEVA agrees $5bn deal for Californian company

Cambridge-headquartered industrial software giant AVEVA has agreed to acquire California-headquartered data software and services provider OSIsoft for an enterprise value of $5bn. The enlarged group will have revenues of about £1.2bn.
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Insider Feature
Feature 1

Business Matters: Where next for dealmaking

Andy Gregory, head of investment at BGF, takes a look at what the future holds for dealmaking.
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Deals

Aviva completes £75m private placement

Aviva has completed a £75m private placement with settle, a not-for-profit housing association which manages more than 9,000 properties across Bedfordshire and Hertfordshire.
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Start Up Loans programme reaches milestone

The British Business Bank's Start Up Loans programme has reached a key milestone with 75,000 loans issued.
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Cambridge firms urged to apply for grant schemes

Small businesses in Cambridge are being urged to apply for government-backed grants to support them through the Covid-19 pandemic as they get set to close.
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Business

AstraZeneca begins initial trial for Covid-19 treatment

AstraZeneca has started the first phase of a clinical trial for its Covid-19 vaccine.
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Laundry tech firm secures new site after funding boost

An Oxford start-up which uses laundry technology typically used in spaceship and hospital sterilisation has opened a site in Cambridge after securing £1.4m.
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Tesco to create 16,000 jobs

Tesco has revealed plans to create 16,000 permanent jobs following the growth of its online business.
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Property

Recipe box brand pre-lets major Essex facility

A cold store facility in West Thurrock, Essex, spanning more than 196,000 sq ft has been pre-let by a recipe box brand.
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Apartment plans for Beds hat factory tipped for nod

Plans to convert and change the use of a historic hat factory in Luton to provide new flats look set to be approved.
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Cambs self-build housing scheme refused

Plans earmarking land in a Cambridgeshire village for a development of self-build, custom homes have been refused.
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Arrival expands at Link 9

UK electric van maker Arrival has further expanded at Link 9 Bicester, marking the final letting at the major new industrial scheme.
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