OSLO, NORWAY: Elliptic Labs, a global AI software company and the world leader in AI Virtual Smart Sensors, will feature its AI Virtual Proximity Sensor INNER BEAUTY on the new Xiaomi Mi 11T smartphone. Xiaomi is the second-largest smartphone manufacturer in the world, and the Xiaomi Mi 11T, powered by MediaTek’s Dimensity 1200 chipset, is…
ECIT acquires 70% ownership in WLCOM
OSLO, NORWAY: ECIT AS has acquired 70% of WLCOM, a software and consulting company with more than 25 years of experience, which will strengthen the IT division in ECIT. Conzigma AS will hold 30% stakes in WLCOM. The acquisition is settled partly with cash and partly by issuing new shares in ECIT AS. “The experienced…
SEGRO prices €500 million inaugural Green Euro Bond
PARIS, FRANCE: SEGRO Plc announced the launch and pricing of a ten year, €500 million senior unsecured Green bond issue. The bonds, which were eight times oversubscribed, were priced at 55 basis points above euro mid-swaps and have an annual coupon of 0.5 per cent. This is SEGRO’s first bond in the euro market and…
AFC Energy and Urban-Air Port partnership
LONDON, UK: AFC Energy, a leading provider of hydrogen power generation technologies, signed a Hydrogen Fuel Cell Supply and Collaboration Agreement with partner, Urban-Air Port Limited. Highlights Urban-Air Port is a leading UK designer, developer and operator of innovative ground infrastructure for the growing demand in autonomous airborne drones and electric take-off and landing…
Half of online Blockchain’s PlusOneCoin now in circulation
LONDON, UK: PlusOneCoin, an Online Blockchain cryptocurrency project developed in conjunction with global stocks, shares and crypto information website ADVFN, has issued 50% of its maximum supply. There are now over 10 million of the minable coins (PLUS1USD) in circulation. PLUS1, which is listed on CoinMarketCap and CoinGecko, enables holders to reward posts they find valuable on the ADVFN and InvestorsHub platforms…
JTC acquires fund services provider, Segue Partners
LONDON, UK: JTC Plc, the global professional services business, has acquired Segue Partners, an innovative fund services provider head-quartered in St. Louis, Missouri, USA. The initial consideration will be settled in cash and JTC equity. A further consideration is available on the achievement of performance targets in 2022 and 2023. Background to Segue Partners Michelle…
Initial public offering of Thoughtworks
LONDON, UK: The Apax IX Fund, in which AGA is a limited partner, is an indirect shareholder in Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Following Thoughtworks’ announcement on the 14 September 2021 of the pricing of its initial public offering of common stock (IPO), shares of…
DP WORLD to invest £300mn London Gateway logistics hub
DUBAI, UAE: DP WORLD will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels, a news release said. The £300 million sum – which builds on the £2bn investment DP World has made in Britain…
Wesfarmers upgrades bid for Australian Pharmaceutical Industries t0 $1.55/share
SYDNEY, AUSTRALIA: Wesfarmers Limited has proposed to acquire 100 per cent of the shares in Australian Pharmaceutical Industries (API) for cash consideration of $1.55 per share (Revised Proposal). In July this year, Wesfarmers Ltd had submitted a non-binding, indicative offer to acquire 100 percent of the shares outstanding in Australian Pharmaceutical Industries (API) for $1.38 per share by way…
InsurTechs leveraging significant capital inflows to fuel innovation
PARIS, FRANCE: InsurTechs and BigTech players are leveraging significant capital inflows to boost technological development and fuel innovation, turning up the heat on incumbent insurers. Capgemini and Efma’s World InsurTech Report 2021 was published on Thursday. New age digital players are offering greater personalization and emphasis on customer experience, thus achieving maturity and customer adoption. In response, incumbents…
Healthia Limited to acquire Rothwell Physiotherapy
SYDNEY, AUSTRALIA: Healthia Limited has entered into a binding agreement to acquire Rothwell Physiotherapy, a physiotherapy business located on the north side of Brisbane which services the wider Moreton Bay region. Wesley Coote, Managing Director, said, “We are very much looking forward to welcoming the team at Rothwell Physiotherapy into the Healthia Family. The addition…
Cover Technologies acquires Flurbo Technology for up to $4.95 million
VANCOUVER, CANADA: Cover Technologies Inc. (COVE) has closed the acquisition of Flurbo, a decentralized finance (DeFi) blockchain technology software application from Nifty Technologies for $1.45 million in shares plus $3.5 million worth of performance shares. Flurbo is designed to facilitate tracking, trading, transacting, and borrowing against digital assets, in a secured and transparent manner. The…