BRUSSELS: Demand for electrified vehicles continued to drive growth in Europe’s car market in August, offsetting a steep drop in petrol and diesel sales, the European Automobile Manufacturers’ Association said Thursday. Registrations, a proxy for sales, also helped Chinese automakers…
PARIS: French industrial technology company Schneider Electric SE is nearing an agreement to acquire Shelly Group SE, a maker of smart devices for the home, Bloomberg News reported Thursday, citing people familiar with the matter. Schneider has been discussing an…
STOCKHOLM: Exel Composites and Suzlon Energy Limited have expanded their partnership with a new multi-year supply agreement for pultruded carbon fiber planks used in wind turbine blade spar caps, the companies announced. At the time of signing, the parties estimated…
SYDNEY: Elixinol Wellness Limited announced Thursday it has entered a binding agreement to acquire the business of Vitable, an Australian personalized supplement subscription platform, in a deal that would push the company past $20 million in annual revenue. The acquisition,…
LONDON: Foxtons Group plc, the London-listed real estate agency, announced Wednesday it has acquired four lettings businesses, deepening its push into Birmingham and reinforcing existing operations in Watford and Reading. The company said it bought Maguire Jackson and Davidson Estates…
LONDON: BTG Consulting plc, a financial and real estate advisory firm, announced Wednesday that it has completed the acquisition of Hornbeam CPAM Limited, a property and asset management business, in a deal worth up to £4 million. Hornbeam will join…
LONDON: Airtel Mobile Commerce N.V., the parent company of Airtel Money, announced Wednesday that it intends to pursue an initial public offering and list its shares on the London Stock Exchange, alongside a cornerstone investment agreement with the International Finance…
BRISBANE: AIC Mines Limited announced Wednesday it has entered into binding agreements to acquire 100% of Matera Metals Limited, owner of the Mt Cuthbert copper project in northwest Queensland, in a deal valued at $120 million. The acquisition, which is…
LONDON: Rentokil Initial plc said Tuesday it has agreed to sell its U.S.-based SOLitude Lake Management LLC and its Vertex Aquatic Solutions division to Bain Capital for $230 million in cash, the latest move in the company’s effort to streamline its operations. The deal,…
VÄSTERÅS: AQ Group has agreed to acquire certain operating assets and related real estate from Norlake, an Ohio-based manufacturer of custom transformers and inductors, the Swedish industrial components maker announced Tuesday. The purchase price is $1.4 million, and AQ will assume and settle…
SYDNEY: Bounty Oil & Gas NL said Tuesday it has entered a binding share sale agreement to acquire all issued units in PetroQuest Liberia Deep Water LLC, gaining exposure to a deepwater exploration block offshore Liberia. PetroQuest holds a letter of engagement with the National…
SYDNEY: Genetic Signatures Limited and Microba Life Sciences Limited announced Tuesday they have agreed to principal commercial terms for a merger that would create a combined Australian diagnostics company with about $29.6 million in aggregate annual revenue. The proposed merger, implemented through a scheme of…