SYDNEY, AUSTRALIA: Woolworths Group Limited (ASX:WOW) will acquire a controlling interest in MyDeal.com.au Limited (ASX:MYD) MyDeal by way of a Scheme of Arrangement. MyDeal is an online retail marketplace focused on home and lifestyle goods. Woolworths Group proposes to acquire all of the issued shares in the Company other than certain shares held by Sean…
Author: Chenos Kahn
Hugh Humphrey appointed Chief Executive Officer of CountPlus
SYDNEY, AUSTRALIA: CountPlus Limited (ASX: CUP) announce that Hugh Humphrey has been appointed Chief Executive Officer, effective 1 July 2022. Chairman Ray Kellerman stated that with the appointment of Mr Humphrey as the new Chief Executive Officer, combined with the credentialed operational strength of Mr Toussaint, the CountPlus group is very well placed to continue…
Afreximbank and African Petroleum Producers to create a multi-billion-dollar African Energy Bank
JOHANNESBURG: The African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical financing for new and existing oil and gas projects,…
Huddlestock Fintech signs deal to acquire Trac Services and Trac Technology
OSLO, NORWAY: Huddlestock Fintech AS, a provider of innovative technology solutions, entered into an agreement with the intention to acquire 100% of Trac Services AS and Trac Technology AS, which includes Norwegian FSA licenses, giving the Huddlestock Group increased revenue potential and higher margins on their existing portfolio of wealth management products. The term sheet…
Dalata Hotel Group sells Clayton Crown Hotel, London for £21 million
DUBLIN, IRELAND: Dalata Hotel Group, the largest hotel operator in Ireland, with a growing presence in the United Kingdom and continental Europe, has signed contracts for the sale of the Clayton Crown Hotel, London, and the underlying business, to a company controlled by AG Hotels Group, for a cash consideration of approximately £21 million. The…
HYON and Mitsui collaborate for large-scale development of hydrogen fueling solutions
OSLO, NORWAY: HYON AS enters a collaboration agreement with Japanese trading and investment company Mitsui & Co., Ltd. for large-scale development of hydrogen fueling solutions, starting with a joint feasibility study in the second half of 2022. On 10 May 2022, HYON entered a collaboration agreement with Mitsui. Together, the parties aim to venture into…
Huddlestock Fintech acquires F5 IT in a NOK 20mn deal
OSLO, NORWAY: Huddlestock Fintech AS has confirmed the acquisition of 100% of F5 IT, a software developer with solid traction in customised applications and solutions within the Fintech, Proptech and IoT space. It has been agreed that Huddlestock will pay NOK 20 million in an all-share exchange to acquire 100% of F5 IT AS. “We…
Techstep acquires SaaS company Crypho for NOK 10mn
OSLO, NORWAY: Techstep ASA has signed an agreement to acquire the entire share capital of Crypho AS, an end-to-end encrypted enterprise software as a service (SaaS) messaging and file-sharing application. The acquisition price is NOK 10 million at enterprise value basis and is fully financed through a combination of share issue, earn-out and debt. Crypho…
Yara Clean Ammonia plans IPO on Oslo Stock Exchange
OSLO, NORWAY: Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange. Consistent with Yara’s ownership approach, the evaluation of a potential future listing is focused on attracting minority investors and reflects Yara’s strategic ambition to enable the hydrogen economy, where clean ammonia…
Aker, Cognite & Telenor jointly establish software security business, Omny
FORNEBU, NORWAY: Aker Capital, Cognite and Telenor, are establishing a software security company to serve industry and operational technology. The company called Omny will fill a gap in the cybersecurity market where there is a great unmet need for software that prevents cyber-attacks and secures businesses’ operations. The aim is to build a Norwegian software…
Dicker Data acquires Hills’s Security & IT Division for $19.35mn
SYDNEY, AUSTRALIA: Dicker Data Limited (ASX: DDR) announced the completion of the acquisition and transition of the Hills Limited (ASX: HIL) Security and IT (SIT) division. Hills shareholders voted in favour of the Business Sale Agreement on Wednesday, 20 April 2022, with the Company taking full ownership from Monday, 02 May 2022. The purchase price,…
Alytic acquires majority stake in Factlines
OSLO, NORWAY: Alytic, a portfolio company of Arendals Fossekompani, has acquired Factlines. Factlines offers a digital solution for securing responsible supply chains. “Factlines is a great match for Alytic. It offers a highly competent team, a great software-as-a-service solution, a solid customer base, and a huge potential,” says Espen Zachariassen, CEO of Alytic. In a…