LONDON, UK: Digital 9 Infrastructure has entered into definitive agreements to deploy over £50 million into the development of a new intercontinental fibre system. Key highlights: The new intercontinental fibre system is an innovative, carrier-neutral network platform between Europe, the Middle-East and India comprising subsea and terrestrial fibre assets which will connect key locations in…
Literacy Capital buys majority shares in Oxygen Freejumping
LONDON, UK: Literacy Capital has completed an investment in OFJ Spring Topco Limited, the holding company for Oxygen Freejumping. Oxygen Freejumping is an operator of trampoline and adventure parks in the UK, with four sites in England. Literacy Capital has injected fresh capital and acquired a majority stake, with further financial terms remaining undisclosed. Literacy…
Takeshi Sugiyama, President & CEO of Mitsubishi Electric Corporation, resigns
TOKYO, JAPAN: Mitsubishi Electric Corporation announced that in light of a series of issues in Mitsubishi Electric Group, namely the quality-related conduct disclosed on June 30 and July 2, 2021, pertaining to HVAC (Heating, Ventilation and Air Conditioning systems) for railcars, among others, Director, Representative Executive Officer, President & CEO Takeshi Sugiyama will resign as of…
Smurfit Kappa agrees to acquire Verzuolo for €360 million
LONDON, UK: Smurfit Kappa Group (SKG) has agreed to acquire Verzuolo, a containerboard business in Northern Italy, for a cash consideration of €360 million, a news release said. The Verzuolo mill owned by the Burgo Group, is situated close to the port of Savona in the northwest of Italy. The PM9 machine was newly constructed…
Crossword Cybersecurity acquires threat intelligence & monitoring company for £1.8 million
LONDON, UK: Crossword Cybersecurity Plc it has undertaken an oversubscribed fundraising by Hybridan LLP of approximately £5.0 million as the company intends to complete an acquisition of a threat intelligence and monitoring services company. Additionally, Crossword cybersecurity intends to apply the proceeds of the fundraising to increase sales and marketing resource, for product development and…
Renalytix Appoints Ann Berman to its Board of Directors
NEW YORK: Renalytix plc announced the appointment of Ann E. Berman to its board of directors. She will chair the board’s audit committee and serve as member of the nomination committee, a news release said. Ms. Berman currently serves on the board of directors and as a member of the audit committee of Loews Corporation,…
AKKA Technologies and Modis unite to lead global engineering R&D market
PARIS, FRANCE: AKKA Technologies intend to combine AKKA with Modis to create a leading player in the global engineering R&D market, a news release said. Mauro Ricci, Chairman and CEO of AKKA, commented: “Today marks a turning point in AKKA’s history as we announce the creation of the number 2 global player in the smart…
Ignacio Salazar appointed Managing Director of Highfield Resources
SYDNEY, AUSTRALIA: The Board of Highfield Resources announced that the Company’s CEO, Mr Ignacio Salazar, has been appointed as Managing Director of Highfield Resources Limited and will join the Board with effect from 28 July 2021. Born and educated in northern Spain, and speaking five languages, Ignacio Salazar is an experienced international executive and proven…
ALS Limited buys 49% shares in NUVISAN for EUR 145 million
SYDNEY, AUSTRALIA: ALS Limited has bought an initial 49% shares in NUVISAN, a pharmaceutical testing business with operations in Germany and France, a news release said. ALS will initially acquire 49% of the equity in NUVISAN for consideration of EUR145 million. There is an exclusive ‘call’ option to acquire the remaining equity from 1 January…
Atos has completed the acquisition of IDEAL GRP
PARIS, FRANCE: Atos has completed the acquisition of IDEA GRP, a Product Lifecycle Management (PLM) system integrator and platinum-level solution partner of Siemens Digital Industries Software, headquartered in Finland. IDEAL GRP offers consulting, integration, software and maintenance services for businesses in the manufacturing sector. The acquisition will add a highly skilled team of approximately 100 experts…
Simplicity Esports and Gaming evaluates IPO in US
BOCA RATON, FLORIDA: Simplicity Esports and Gaming Company intends to list its common stock and warrants on The NASDAQ Capital Market or the NYSE American, a news release said. Simplicity Esports and Gaming Company (WINR) is an established brand within the esports industry, competing and streaming in popular games across different genres, including Apex Legends®,…
TSX Venture Exchange okays Blue Rhino’s acquisition of Zebediela Nickel Company
LONDON, UK: Blue Rhino Capital Corp has received conditional acceptance from the TSX Venture Exchange for its proposed qualifying transaction, being the acquisition of the Zebediela Nickel Company (ZEB), a wholly owned subsidiary of URU Metals Limited. Pursuant to the Transaction, Blue Rhino will consolidate its share capital on a 2.3-for-1 basis, following which it…