LONDON: Iconic Labs has agreed Heads of Terms to acquire social media agency Social Alchemist Limited, which will bolster Iconic Labs’ offering, build critical mass within its social media consultancy division, enhance content generation and importantly provide proprietary distribution channels. Iconic Labs is a multi-divisional new media and technology business. Social Alchemist is a social…
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Victoria Plc announces acquisition of Ibero Ceramica
LONDON: Victoria Plc has acquired the business and certain assets of high-quality Spanish ceramic flooring manufacturer, Iberoalcorense (Ibero). Victoria is the international designers, manufacturers and distributors of innovative flooring, a release issued to London Stock Exchange (LSE) said. The purchase price for the acquisition is split into a payment on completion and a contingent payment,…
Maxima signs EUR 52 million loan agreement for green investments
LONDON: Maxima LT and the Nordic Investment Bank (NIB) have signed a 10-year EUR 52 million loan agreement, a release issued to London Stock Exchange (LSE) noted. Maxima Grupė‘s companies in the Baltics will allocate money for green investments. “We were seeking to diversify sources of financing and focused on long-term financing, therefore we see…
John Flint steps down as Group Chief Executive of HSBC Holdings
LONDON: HSBC Holdings plc announced that John Flint has Monday stepped down as Group Chief Executive and as a Director by mutual agreement with the Board. Although not carrying out his day-to-day duties after today, he remains available to assist HSBC with the transition. Mark Tucker, Group Chairman of HSBC, said: “On behalf of the…
Bidstack acquires Pubguard for £300,000
LONDON: Bidstack Group has acquired the entire issued share capital of Minimised Media Limited, which trades under the name ‘Pubguard’. Bidstack is an in-game advertising group. The consideration for the transaction of £300,000 will be entirely satisfied by the issue and allotment of 869,565 Bidstack ordinary shares credited as fully paid at a price of…
CentralNic completes $24mn acquisition of TPP Wholesale
LONDON: CentralNic Group has received the funds from its recent bond raise and, further to the announcement released on 20 May 2019, the acquisition of TPP Wholesale Group is now complete. Headline consideration for the acquisition was AUD $24 million. The acquisition of Hexonet Group, announced on 1 July 2019, is also expected to complete…
Agreement signed between Yumei Technology and Nakareg International Company
SINGAPORE: The Board of Directors of Advanced Systems Automation Limited announced that Yumei Technology Sdn Bhd, a wholly-owned subsidiary of the company, has entered into an agreement with Nakareg International Company Limited, whereby Yumei Technology is appointed as the business partner of Nakareg to manufacture steel trailer wheels. The total investment cost for the project…
Rightmove announces acquisition of Van Mildert
LONDON, UK: Rightmove plc, the UK’s number one property website, announced the acquisition of 100% of the issued share capital of Van Mildert, a company that provides tenant referencing services and rent guarantee insurance products. Van Mildert has a strong brand and is well positioned within the rental marketplace. The products and operational experience of…
Versarien signs LoI with global apparel manufacturer
LONDON: Versarien plc, the advanced materials engineering group, has signed a Letter of Intent (LOI) with the company’s textile sector collaboration partner covering the initial launch of high performance sportswear incorporating Versarien’s graphene ink technology. The partner, who has a collaboration agreement with the company, as announced on 8 January 2018, is headquartered in Asia…
Xcina Consulting secures three year contract with Parkmobile
LONDON: Shearwater Group plc, the organisational resilience group, announced that its group company Xcina Consulting has won a multi-year contract to deliver a qualified security assessment of Parkmobile’s UK and NL card data environment to ensure that its business is compliant with the Payment Card Industry Data Security Standard (PCI-DSS). Parkmobile, part of the BMW…
Atlantis successfully decommissions 1.2 MW SeaGen tidal system in industry first
LONDON, UK: SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, has successfully decommissioned the SeaGen tidal turbine support structure in Strangford Narrows, Northern Ireland. This marks the completion of the 1.2MW SeaGen tidal stream energy project lifecycle and is the first commercial scale tidal turbine development to be fully…
redT flow machine first to qualify for UK Frequency Response service
LONDON, UK: redT energy plc, the energy storage solutions company, announced that one of its 300kWh flow machines, situated at a customer site in Southern England, has successfully gained pre-qualification status to provide Dynamic Firm Frequency Response (FFR) services to the UK grid following testing conducted by leading UK aggregator, Open Energi. Dynamic FFR is…