LONDON, UK: Direct Line Insurance Group plc has signed an agreement to sell its brokered commercial insurance business lines to RSA Insurance Limited, a wholly-owned subsidiary of Intact Financial Corporation, for initial consideration of £520 million. Potential further consideration of up to £30 million, contingent upon certain earn-out provisions relating to the financial performance of…
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Mike Paul takes over as Interim CEO of Gusbourne PLC as Charlie Holland steps down
LONDON, UK: Mike Paul, a Non-Executive Director with extensive wine industry experience, has been appointed as Interim Chief Executive Officer of Gusbourne PLC, the English sparkling wine producer. He replaces Charlie Holland, who has resigned as CEO and director of the Company after ten years of service. Holland will remain as a consultant to the…
DCC Energy acquires five new businesses in the solar PV, energy efficiency and propane sectors
LONDON, UK: DCC plc, the leading international sales, marketing and support services group, is holding a DCC Energy Insights Day near Paris, France today to showcase its strategy to provide cleaner energy to its customers and its exciting growth prospects. The event will be hosted by senior Group, Divisional and business unit management and will…
RM Infrastructure Income plc decides to wind down the company after consulting shareholders
LONDON, UK: The board of directors of RM Infrastructure Income plc (the “Company”) has decided to propose a managed wind-down of the Company after consulting with its advisers and shareholders and receiving various offers from third parties. The Board believes that the Managed Wind-Down is the best option for shareholders and urges them to vote…
Concurrent Technologies has acquired Phillips Aerospace for $3.375 million
LONDON, UK: Concurrent Technologies (AIM: CNC) a world-leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, announces that it has completed the acquisition of Phillips Aerospace, a designer and manufacturer of rugged systems solutions predominantly serving the defence sector but with capabilities and customers in both the medical and…
Light Science Technologies acquires Tomtech (UK) Limited
LONDON, UK: Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture (CEA) technology and contract electronics manufacturing (CEM) group, announced the acquisition of Tomtech (UK) Limited, a UK leader in the design, manufacture and installation of monitoring and control systems for commercial greenhouses and polytunnels, for a total cash staged consideration of £500,000….
Dotdigital Group has acquired Fresh Relevance Limited for £25 million
LONDON, UK: Dotdigital Group plc (AIM: DOTD), the leading SaaS provider of an all-in-one customer experience and data platform (CXDP), announced the acquisition of Fresh Relevance Limited, a vendor of cross-channel personalisation technology. Dotdigital is paying a total consideration of £25.0 million, 100% payable on completion, with c.£18.9 million being satisfied in cash and c.£6.1…
Oneiro Energy appoints new chairman
LONDON, UK: Oneiro Energy PLC (LSE:ONE), the Company listed on the LSE and focused on energy transition, has announced today that it has appointed Andrew (“Andy”) Yeo as its Non-Executive Chairman. Robert Jones will stay on the Board as a Non-Executive Director. Mr Yeo is an expert in the oil and gas sector and is…
ECI Partners agree to acquire Commify in a €300 million deal
LONDON, UK: Hg, the manager of HgCapital Trust plc (HGT), has agreed the sale of Commify, the UK-headquartered European leader in business messaging solutions to Local Enterprises, to ECI Partners. The terms of the transaction have not been disclosed and completion is subject to closing conditions. HGT, whose shares are listed on the London Stock…
Rio Tinto appoints Jérôme Pécresse as new Aluminium Chief Executive
LONDON, UK: Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023. Jérôme is a French citizen with over 30 years of business experience, including senior leadership roles in…
ActiveOps plc appoints Emma Salthouse as Chief Financial Officer
LONDON, UK: ActiveOps plc (AIM: AOM), a leading provider of Management Process Automation (MPA) software for running hybrid and global back-office operations, announced the appointment to the Board of Emma Salthouse as Chief Financial Officer, with effect from 1 December 2023. In order to reduce his executive time commitments, Ken Smith, current Chief Financial Officer,…
XLMedia signs exclusive media partnership with Atlanta Journal-Constitution LLC
LONDON, UK: XLMedia PLC (AIM: XLM), the global digital media company that manages a portfolio of premium brands with an emphasis on sports and gaming in regulated markets, has signed an exclusive three-year partnership with Atlanta Journal-Constitution, LLC. (“AJC”) to create premium sports betting content. AJC reaches over 9.2 million unique digital users per month….