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Dexion merger

DEXION, the materials handling and storage systems business owned by the private investment group, Apax and Partners, is to merge with Constructor.

The new company, Constructor Dexion Group, will have sales of pounds 350m. The group will be 8 per cent owned by Dexion management, 42 per cent by Apax and 50 per cent by Constructor's owner, the Norwegian group Aker.