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Technology / AI and automation

GEC BUYS CREDA BUSINESS FROM TI GROUP

One down, five to go: GEC’s agreement to pay TI Group UKP126m for the Creda domestic appliances business – UKP14.2m pre-tax on UKP142.4m last year – leaves GEC with Lear Siegler Avionics and four other undisclosed acquisition targets on the boil.

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CBR Staff Writer

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