added ten stores to its Homebase estate during the financial year, giving it 297 sites by the end of February.
was originally a mail order business known as Universal Stores - it was founded in Manchester by Abraham and George Rose in 1900.
The deal came as GUS
reported a rise in half year profits.
Analysts believe that GUS
will make this move only when the retail environment improves as Experian generated pounds 52 million more profits than last year, while Argos and Homebase saw their contribution fall by pounds 59 million.
Mr Robert hoped GUS
would forge partnerships with the new owners to ensure clients felt no disruption to their trade.
In April, GUS
forecast annual profit towards the top end of expectations after better-than-expected sales at Argos.
has also managed to maintain its gross margins (the profit it makes on sales before its costs).
said there had been strong performances from horticulture and from big tickets items, especially in kitchens and furniture, as the chain benefited from new ranges and the addition of trading space.
said record profits at its Argos retail chain,Experian credit checking business and luxury fashion brand Burberry had driven growth in the year to March 31.
is also selling its Reality logistics and customer care business in the UK to the Barclays' March UK company for pounds 450m.
Signal Generator is built with two independent L1 and L5 signal generators that precisely control the frequency and phase of L1 and L5 code and carrier.
said weakness in the DIY market had deepened in recent months and that their lower prices failed to generate the upturn in sales volumes that it had hoped for.