M&A Deal Summary

HomeServe Acquires Pilkington Glass - Glazing Division

On April 4, 2006, HomeServe acquired business services company Pilkington Glass - Glazing Division from Pilkington Glass for 7M GBP

Acquisition Highlights
  • This is HomeServe’s 3rd transaction in the Business Services sector.
  • This is HomeServe’s 6th largest (disclosed) transaction.
  • This is HomeServe’s 1st transaction in Russia.

M&A Deal Summary
Date 2006-04-04
Target Pilkington Glass - Glazing Division
Sector Business Services
Buyer(s) HomeServe
Sellers(s) Pilkington Glass
Deal Type Divestiture
Deal Value 7M GBP

Target

Pilkington Glass - Glazing Division

Moscow, Russia
Pilkington Glass LLC - Glazing Division is a nationwide domestic and commercial glazing repair business operating from seven regional branches across England and Wales employing 113 people, including 44 glaziers. In addition the business operates an extensive nationwide subcontractor network.

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Buyer(S) 1

Buyer

HomeServe

Walsall, United Kingdom
Category Company
Founded 1991
Sector Consumer Services
Employees7,400
Revenue 1.3B GBP (2021)
DESCRIPTION

HomeServe is a home assistance company providing plumbing, drainage, electrics and heating maintenance and repair services through its own network of directly employed and sub-contracting specialist engineers. HomeServe was founded in 1991 and is based in Walsall, the United Kingdom.

DEAL STATS #
Overall 4 of 21
Sector (Business Services) 3 of 13
Type (Divestiture) 1 of 3
Country (Russia) 1 of 1
Year (2006) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-16 Improveline

London, United Kingdom

Improveline Ltd. is one of the UK's major home insurance repairers providing property repair services. Improveline currently has contractual arrangements with five leading household insurers. The company operates from a head office in Chiswick and six branches in the South East of England. The company has 320 employees including 155 directly employed trade operatives.

Buy £14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-26 Digital Insurance Services

Great Yarmouth, United Kingdom

Digital Insurance Services Ltd. is a provider of home insurance contents claims validation and fulfilment services. DIS currently has contractual arrangements with eight leading household insurers and operates from Great Yarmouth with 45 employees.

Buy £1M

Seller(S) 1

SELLER

Pilkington Glass

Moscow, Russia
Category Company
Founded 2003
Sector Building Materials
DESCRIPTION

Pilkington is one of the largest glass producers in the world, to build a state-of-the-art glass factory near Moscow to meet the growing demand for high quality float glass in the Western Russian market.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Russia) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
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