LONDON, UK: Primary Health Properties, one of the UK’s leading investors in modern primary healthcare facilities, has acquired the entire issued share capital of Peak Health Solutions Limited, whose sole asset is the Lambgates Health Centre, Glossop for a total consideration of £5 million. The property is a modern, purpose-built primary care facility which is…
BAE Systems to acquire Bohemia Interactive Simulations
LONDON, UK: BAE Systems has entered into a definitive agreement to acquire Bohemia Interactive Simulations, a leading developer of advanced military simulation and training software. Bohemia Interactive Simulations is headquartered in Orlando, Florida, with more than 325 employees around the world. Bohemia Interactive Simulations provides innovative, high-fidelity training software products and related services to a…
ProPhotonix Limited to merge into Exaktera
LONDON, UK: ProPhotonix Limited, a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, has reached an agreement, wherein Exaktera will ProPhotonix for an aggregate consideration of approximately $11.6 million. Exaktera was founded by Union Park Capital to act as a holding company for a…
CGG, TGS and BGP commence acquisition of Suriname 3D Phase 1
PARIS, FRANCE: Further to the announcement on October 20, 2021 of a signed agreement with Staatsolie for multi-client programs offshore Suriname, CGG, a global geoscience technology leader, in a consortium with TGS and BGP, today announced that acquisition for Phase 1 of the Suriname 3D project has commenced. This 3D survey is adjacent to the prolific Block…
ABL Group to acquire ship design experts OSD-IMT
OSLO, NORWAY: AqualisBraemar LOC Group (ABL Group) has entered into an agreement to acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen Shipyards Group. The acquisition is projected to be completed by the end of November 2021. OSD-IMT is a specialist consultancy in ship design for newbuild, refit and conversion…
Air Arabia posts solid third quarter net profit of AED 209mn
SHARJAH, UAE: Air Arabia announced strong financial results for the third quarter of this year ending September 30, 2021, despite the lasting impact of COVID-19 pandemic on the performance of the aviation industry. Air Arabia registered a strong net profit of AED 209 million for the three months ending September 30, 2021; an increase of…
Al Ain University and BHM Capital inaugurate virtual trading floor
ABU DHABI, UAE: Al Ain University (AAU) and BHM Capital, leading UAE financial services company, inaugurated a virtual trading room at the university, with the aim of refining students’ skills and developing their cognitive abilities in the fields of investment, trading, and financial markets. The creation of the virtual trading room forms part of a…
5 Ways to Germinate Cannabis Seeds
Have you ever thought of germinating your cannabis seeds? It’s a stage that begins the life of the plant. Germinating cannabis seeds is a vital step in the growing process, and it’s the foundation of all marijuana plants. There are several ways to germinate cannabis seeds, and we will talk about five of them in…
Xero Limited to acquire LOCATE Inventory for $19 million
WELLINGTON, NEW ZEALAND: Xero Limited is acquiring LOCATE Inventory or LOCATE (the trading name of New Tack Inc), a US cloud-based inventory management provider, to better support the inventory needs of small business and enhance its ecommerce capability. The acquisition will embed LOCATE’s inventory and ecommerce talent and capability within Xero to enhance Xero’s inventory…
Morgan Stanley to acquire non-performing loans of Permanent TSB
LONDON, UK: Permanent TSB (PTSB) has agreed the sale of a loan portfolio to Morgan Stanley Principal Funding Inc. Permanent TSB is a wholly owned subsidiary of Permanent TSB Group Holdings. Morgan Stanley intends to securitise the loan portfolio following completion of the acquisition next year (2022). Neither the sale nor the securitisation of the…
Everfuel distributes green hydrogen from groundbreaking pilot project
HERNING, DENMARK: Everfuel A/S has begun distribution green hydrogen from Siemens Gamesa’s pilot project in Brande, Denmark. The project is the first to produce green hydrogen from wind in “island mode”, with the option of connecting it to the grid. The project now produces green hydrogen which is distributed by Everfuel as part of the…
Menzies Aviation wins ground services contract across Mexico
LONDON, UK: John Menzies plc, the global aviation logistics specialist, announced that Menzies Aviation has secured a significant contract win with Mexico’s flagship carrier and largest international airline, Aeromexico, which includes ground services at 15 airports across the country. As part of the three year agreement Menzies will deliver a full suite of ground services…