PARIS, FRANCE: Bigben Group has completed of the acquisition of Metronic within its Audio/Telco Division. Metronic is the European leader in image processing with a strong position in connected audio-video. Founded in 1987 by Yves Bouget, Metronic, a recognized player in its sector, designs and distributes innovative products for broadcasting and receiving images in the…
Author: Chenos Kahn
Sivers raises SEK 400mn to fund MixComm acquisition
STOCKHOLM, SWEDEN: Sivers Semiconductors AB carried out a new issue of 17.021 ordinary shares, corresponding to approximately SEK 400 million, which will be used to finance the acquisition of MixComm Inc., and to satisfy the Company’s working capital needs Through the Directed Share Issue, the Company will receive proceeds of approximately SEK 400 million before…
BALYO closes €7.8 million private placement with French & int’l investors
PARIS, FRANCE: BALYO announced the success of a capital increase with cancellation of the preferential subscription right by placement of a final amount of €6.1 million to qualified French and international investors, carried-out by accelerated construction of an order book. Concurrently with the Primary Offer, funds managed by Seventure Partners, historical shareholder of the Company…
Sdiptech acquires 85% shares in Certus for EUR 40.75 million
STOCKHOLM, SWEDEN: Sdiptech AB has acquired 85 percent of the shares in Certus Technologies Holding B.V. and associated group companies. At day of transaction, Certus is valued at EUR 45.00 million, on a cash and debt-free basis, of which EUR 34.75 million is paid on the closing date and financed with own funds and existing…
Brett Morgan leaves BNK Banking, joins MyState Limited as CEO
SYDNEY, AUSTRALIA: BNK Banking Corporation Limited announced that Brett Morgan, CEO of its Banking Division, has tendered his resignation to accept the role of Chief Executive Officer of MyState Limited. BNK Banking Corporation Limited (BNK) is a diversified financial services company with two key operating divisions in banking and mortgage broking aggregation Mr Morgan will…
Nestlé creates geographic zones North America and Greater China
VEVEY, SWITZERLAND: The Nestlé Board of Directors has approved the creation of new geographic Zones, as of January 1, 2022. The new architecture will strengthen the company’s market-led approach and further Nestlé’s ability to win in a rapidly changing environment. The structure also underscores the company’s deep commitment to succeeding in all parts of the…
Arkema to build a new bio-circular materials plant in China
PARIS, FRANCE: Arkema announced the construction of a polyamide 11 powders plant on its Changshu platform in China, scheduled to come on stream in the first quarter of 2023. This investment will further support the growing demand for advanced bio-circular materials in Asia. Rilsan polyamide 11 powders, currently produced in France entirely from renewable castor…
Ross Thompson appointed CEO of People Infrastructure Ltd
SYDNEY, AUSTRALIA: People Infrastructure Ltd today announced the appointment of Ross Thompson as its new Chief Executive Officer (CEO) commencing on 25 October 2021. Mr Thompson joins People Infrastructure from UK listed firm RPS where he was CEO of its Australia Asia Pacific business and prior to that held senior executive roles at ASX 200-listed…
Valoe and ICON to setup solar module manufacturing in Saudi Arabia
HELSINKI, FINLAND: Valoe Oyj and ICON Advanced Co. Ltd, have agreed on establishing a joint venture company in Saudi Arabia. Valoe shall own 40 percent and ICON 60 percent of the joint venture company. The joint venture company is planning to build in Saudi Arabia a Back Contact Solar Module (solar module) manufacturing plant that…
Air Liquide acquires Polish home healthcare business, Betamed
PARIS, FRANCE: Air Liquide has announced the acquisition of Betamed S.A., a major home healthcare provider in Poland. Betamed specialises in the care of patients with severe pathologies, either at home or in its specialised clinic in Chorzów in Silesia. This acquisition enables the Group to strengthen its presence in Poland and to expand its…
Fabege AB acquires SHH Bostad AB for SEK 800 million
STOCKHOLM, SWEDEN: Fabege AB has acquired SHH Bostad AB, a real estate development company with a focus on residential and local authority properties. Fabege’s strategy of optimising the value of its residential development rights portfolio is thereby being reinforced by the company acquiring both expertise and more development rights in its home market of Stockholm….
Rexel buying electrical products distributor, Mayer, for $456mn
PARIS, FRANCE: Rexel has reached agreement to acquire Mayer Electric, a major distributor of electrical products and services in the Eastern part of the USA, further building up its presence in the world’s leading market for electrical products and services supplies. Headquartered in Birmingham, Alabama, founded in 1930 and owned by the Collat family, Mayer…