LONDON, UK: Trifast plc announced the acquisition of North American specialist fastenings distributor, Falcon Fastening Solutions Inc. Trifast plc has acquired Falcon for a total cash consideration of US$8.3m (GBP £6.0m), on a cash free/debt free basis, which has been funded through the Group’s existing cash and financing facilities. Commenting on the acquisition, Mark Belton…
Oxford Metrics acquires Contemplas GmbH for £1.14 million
LONDON, UK: Oxford Metrics plc has acquired Contemplas GmbH, specialists in video-based movement analysis, for an initial and deferred consideration of £1.14m (€1.32m), funded from existing cash resources, a news release said. Commenting on the acquisition, Nick Bolton, CEO of Oxford Metrics, said: “Having firmly outlined our M&A intentions, I am delighted to welcome CONTEMPLAS to the Oxford…
Elis acquires PureWashrooms in the UK
SAINT-CLOUD: Elis, an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, today announces the acquisition of 100% of PureWashrooms Limited. PureWashrooms is a 30 employee washroom service company, based in Coventry, United Kingdom, which mainly covers the Midlands region and provides a wide range of…
Electrify America and NFI collaborate on electric trucks charging project
LONG BEACH, CALIFORNIA: Electrify America and NFI Industries announced plans for the nation’s single largest charging infrastructure project to support heavy-duty electric trucks, with 34 ultra-fast DC chargers slated for completion by December 2023. As the largest open DC fast charging network in the U.S., Electrify America was selected to deploy charging solutions including site configuration and…
EBOS Group completes acquisition of Sentry Medical
AUCKLAND: EBOS Group Limited (EBOS) has completed the acquisition of Sentry Medical. Sentry Medical is a designer, marketer and distributor of a broad range of medical consumable products, including its own brands and agency brands. Sentry is based in Australia and supplies to customers including wholesalers, hospitals, general practitioners, dental surgeries, aged care facilities, pharmacies,…
Pakistan awarded Offshore Block in Abu Dhabi
KARACHI, PAKISTAN: A Pakistan Petroleum Limited (PPL) led consortium has been awarded Offshore Block 5 in Abu Dhabi’s second competitive exploration block bid round. Offshore Block 5 covers an area of 6,223 square kilometers and is located 100 kilometers north east of Abu Dhabi city. Besides PPL, who is the Operator during the exploration phase,…
Alternus Energy acquires 64.6MWp solar park from BayWa
DUBLIN, IRELAND: Alternus Energy Group doubles its installed capacity with the acquisition of a 64.6 MWp Polish solar park from leading global renewable energy company BayWa r.e. The sales contract was signed between the parties in August 2021. The solar park is in Witnica, close to the German border between Poznan and Berlin. It is…
Jet2 Plc orders $4.9bn worth of new Airbus A321 neo aircraft
LONDON, UK: Jet2 plc announced that in order to meet the future anticipated growth of its Leisure Travel business and to refresh its existing aircraft fleet, the Company has entered into an agreement with Airbus to purchase 36 new firm ordered Airbus A321 neo aircraft and has also agreed flexibility to extend the order up…
Prosus increases stake in Delivery Hero
LONDON, UK: Prosus, major subsidiary of Naspers, has entered into an agreement to acquire an additional 2.5 per cent stake in Delivery Hero, subject to regulatory approval, through its subsidiary, MIH Food Holdings B.V. The transaction will be funded from existing resources. Prosus believes acquiring the additional stake is a sound financial investment that will afford…
Lords Group acquires Malton Road branch of Nu-line
LONDON, UK: Lords Group Trading, a leading distributor of building materials in the UK, has acquired the business and assets of the Malton Road, London W10 branch of Nu-line Builders Merchants Limited (Nu-Line) for a consideration of £0.6 million. Nu-Line, established in 1965, is an independent builders merchant specialising in the supply of general building…
Tavistock Investments complete sale of Tavistock Wealth
LONDON, UK: Tavistock Investments has completed the sale of Tavistock Wealth Limited (TWL) to Titan Wealth Holdings Limited. Company announced on 14 June 2021 that it had entered a 10-year strategic partnership with Titan Wealth. As a part of these arrangements Titan Wealth has acquired TWL for a consideration of up to £40 million in…
Bunzl Plc makes safety acquisitions in Spain
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, has recently completed two further acquisitions. In July the Company completed the acquisition of Proin Pinilla, the largest independent safety distributor to end-users in Spain, with a focus on personal protection equipment (PPE) and specialising in workwear. The business generated £15 million of revenue…