ABU DHABI, UAE: Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, announced that its Mobile Satellite Services (MSS) subsidiary, Thuraya Telecommunications Company has secured long-term agreements with a global service provider for a total value in excess of AED 316 million over the next three years. The agreements strengthen the Group’s…
Abu Dhabi National Insurance Company assigned excellent credit ratings
DUBAI, UAE: AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Abu Dhabi National Insurance Company P.J.S.C. (ADNIC). The outlook assigned to these Credit Ratings is stable. Abu Dhabi National Insurance Company has been assigned a financial strength rating of A (Excellent) and…
Lynch Group acquires Market Flowers Brisbane
SYDNEY, AUSTRALIA: Lynch Group Holdings Limited has completed the acquisition of Queensland-based flower wholesaler company, Market Flowers Brisbane in Rocklea (MFB). Lynch Group is Australia and China’s leading vertically integrated wholesaler and grower of flowers and potted plants. Operating for over 25 years, Market Flowers Brisbane (MFB) supplies the B2B wholesaler to wholesaler market in…
Luis Fernando, CEO of EZZ Life Science, resigns
Sydney, Australia: EZZ Life Science Holdings Limited notified its Chief Executive Officer (CEO) and Executive Director, Mr Luis Fernando Rodriguez Bravo, has tendered his resignation with immediate effect. This means that the termination of Mr Rodriguez’s employment with the Company and his resignation as Executive Director are effective from 8 October 2021. The Board has…
Doug Jones appointed new Group CEO of Metcash Limited
SYDNEY, AUSTRALIA: Metcash Limited notified that Group CEO Jeff Adams has notified the Board of his intention to retire from the role and that Doug Jones, currently CEO and Senior Vice President of South African-based Massmart Wholesale, will succeed him. The appointment of Doug follows completion of a well-managed process, including a thorough global search…
Valoe and ICON to setup solar module manufacturing in Saudi Arabia
HELSINKI, FINLAND: Valoe Oyj and ICON Advanced Co. Ltd, have agreed on establishing a joint venture company in Saudi Arabia. Valoe shall own 40 percent and ICON 60 percent of the joint venture company. The joint venture company is planning to build in Saudi Arabia a Back Contact Solar Module (solar module) manufacturing plant that…
Netcompany to acquire Intrasoft International for EUR 235 mn
COPENHAGEN, DENMARK: Netcompany Group A/S has entered into an agreement with Intracom Technologies – ultimately owned by Athens listed Intracom S.A. Holdings, and certain management shareholders to acquire Intrasoft International S.A., a leading European IT solutions and services group with strong international presence and expertise. Netcompany and Intracom Technologies as well as the management shareholders…
Crescent N.V enters EV charging station market, establishes E+ Drive
LEUVEN, BELGIUM: Crescent N.V, together with several strong partners, establishes E+ Drive and enters the fast-growing market of charge stations. The core of the E+ Drive offering and business model is the Charging Station as a Service concept – providing totally carefree charging station solutions to public authorities and private companies. The charging stations are…
Dailymotion entrusts monetisation of audio format to Targetspot
PARIS, FRANCE: AudioValley signed an exclusive agreement between its subsidiary Targetspot and Dailymotion Advertising for the commercialisation of its new audio roll advertising format, on four major markets. Targetspot commercialises Dailymotion’s Audio Rolls, a new digital audio advertising format. A clear accolade for the technology developed by Targetspot in the field of digital audio on…
AutoStore Holdings announces the terms of $1.8bn IPO
NEDRE VATS, NORWAY: AutoStore Holdings has resolved to launch the initial public offering and will apply for a listing of its shares on the Oslo Stock Exchange, which could value the SoftBank-backed company at up to $12 billion. Subject to approval of the listing application and a successful completion of the Offering, the shares of…
Kongsberg secures EUR 32 million contract
OSLO, NORWAY: Kongsberg Automotive‘s Couplings business unit has won a contract with a leading Asian car and commercial vehicle manufacturer worth EUR 32 million in estimated lifetime revenue, and average annual revenue of EUR 5.3 million. The secured contract for the Raufoss ABC System for compressed air offers optimal air system that reduces braking distance,…
Learning Technologies gets all approval for acquisition of GP Strategies
LONDON, UK: Learning Technologies Group (LTG), the provider of services and technologies for digital learning and talent management, announced receipt of all regulatory clearances required ahead of completion of the acquisition of GP Strategies (NYSE: GPX). The transaction is now expected to complete on 14 October, subject to certain customary closing conditions. Learning Technologies Group…