LONDON: Zenith Energy Ltd. said Tuesday the Republic of Tunisia has formally recognized its subsidiary’s ownership of two oil production concessions, marking a significant step in ongoing arbitration proceedings before the International Centre for Settlement of Investment Disputes. The concessions, Robbana and El Bibane, are held by Ecumed Petroleum Tunisia Ltd., Zenith’s fully owned subsidiary….
LONDON: Intertek Group PLC said it has initiated a strategic review to explore separating its operations into two independent, publicly traded companies, as the testing and assurance giant reported better-than-expected first-quarter revenue growth. The proposed separation would create Intertek Testing & Assurance, a £1.9 billion business focused on consumer products, corporate assurance and health and…
LONDON: SEED Innovations Ltd, an AIM-quoted investment company, has participated in a £4.5 million financing of portfolio company Clean Food Group, a UK biotech manufacturer developing sustainable oils and fats through fermentation. The financing, structured as a convertible loan note, was led by Clean Growth Fund and New Agrarian Company Ltd. SEED committed £260,000 to…
LONDON: Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L), a leading technology-driven UK property finance service, today announced that it has acquired 100% of the issued share capital of HomeOwners Alliance Ltd (“HOA”) from its founders and Smoove Limited. The total consideration payable is £1.4m, plus surplus distributable reserves, with 50% payable on completion and the…
SYDNEY: Australian payments firm Causal Ltd (ASX: CCL) said on Tuesday it has agreed to acquire Paymark Ltd, trading as Worldline New Zealand, for A$27 million ($17.5 million) in cash, as it pushes to expand its geographic footprint across the Tasman. The acquisition of the New Zealand payments infrastructure provider will be funded entirely by…
STOCKHOLM: Hexagon AB today announced that it has signed a definitive agreement to acquire Waygate Technologies, a leading provider of non-destructive testing solutions, from Baker Hughes. Waygate Technologies serves customers across aerospace, automotive, energy, and industrial manufacturing sectors globally, and brings with it a portfolio of market-leading inspection technologies that integrate naturally with Hexagon’s existing precision…
LONDON: EKF Diagnostics Holdings plc (AIM: EKF), the AIM-quoted global diagnostics business, announces that it has signed an asset purchase agreement with Sweden based Beep Insights AB in relation to its Beep Insights Technology, an IOS and Android software application that combines data from sports performance wearables connected via Bluetooth with real-time glucose and lactate tracking to…
LONDON: Halma, the global group of life-saving technology companies focused on growing a safer, cleaner, healthier future for everyone, every day, today announces that it has acquired Surgistar, Inc. (Surgistar) as a bolt-on for its Healthcare Sector company, MicroSurgical Technology, Inc. (MST). Founded over 20 years ago and based in California, Surgistar designs and manufactures…
LONDON: Vistry Group PLC announced the appointment of Adam Daniels as Chief Executive Officer and Executive Director with immediate effect. Adam is currently the Executive Chair of one of Vistry’s two largest operating divisions and a member of the Group’s Executive Leadership Team. Adam brings significant experience in the UK partnerships, affordable housing and housebuilding…
SYDNEY: Australian-listed cybersecurity firm WhiteHawk Ltd (ASX: WHK) said on Monday it has agreed to acquire Quixxi Pty Ltd, a move that thrusts the company into the rapidly expanding global market for artificial intelligence governance, where spending is forecast to top $4.8 billion by 2034. The all-share transaction, structured as a share sale agreement with…
MELBOURNE: Australian video technology company Atomos Ltd (ASX:AMS) said on Monday it has agreed to acquire U.S.-based reference monitor maker Flanders Scientific Inc. (FSI), a deal that accelerates its push into high-end post-production workflows and expands its share of customer spending across the video production chain. Under a binding share purchase agreement, Atomos will pay…
MAINZ, Germany — The German state of Rhineland-Palatinate has granted a five-year royalty exemption for lithium production, a move aimed at securing domestic supply of the critical battery metal until local capacity is built up. The exemption, effective through Dec. 31, 2030, applies under section 32.2 of Germany’s Federal Mining Act. A review will take…