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Asfare Group is to acquire AssetCo Group, the provider of managed services to fire and rescue authorities with 380 staff at sites in Middlesex, Cambridgeshire and Newtownabbey, for £80m.

Asfare has acquired Collins Youldon, the Harlow-based manufacturer of hose reels and cable drums with 28 staff, for £0.9m.

Asfare Group has acquired Todd Research, the Chelmsford-based supplier of x-ray equipment to intercept suspect mail, for an initial £1.7m.

Asfare is planning to raise £2.4m in a flotation on Aim to fund the expansion of its Southampton-based specialist ladders business.