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…
NFT Investments invests in Sturdy Exchange
LONDON, UK: NFT Investments PLC, an incubator specialising in the market for non-fungible tokens (NFTs), announced an investment of US$1.4million into Sturdy Exchange, a marketplace to display, collect and trade NFTs created by artists and performers. The investment is being made as part of a seed round to raise a total of $20 million by…
Cloudberry recruits Charlotte Bergqvist to head offshore wind development team
OSLO, NORWAY: Cloudberry Clean Energy ASA, a leading independent renewable power developer and producer in the Nordics, has recruited Charlotte Bergqvist to head a new business area dedicated to pursuing investment and development opportunities within shallow water wind energy in the Nordics. Cloudberry has been an early mover on shallow water near shore projects in…
Horisont and Koole Terminals to build terminal at Port of Rotterdam
SANDNES, NORWAY: Horisont Energi and Koole Terminals B.V. announced the signing of a memorandum of understanding to collaborate on the development of a terminal and storage facility at the Port of Rotterdam. According to the agreement, Horisont Energi and Koole Terminals will explore the establishment of a strategic and collaborative relationship for storage of ammonia…
Pyxis Oncology prices Nasdaq IPO at $16/share
LONDON, UK: Arix Bioscience plc, a global venture capital company focused on investing in and building breakthrough biotech companies, notes that its portfolio company, Pyxis Oncology Inc., has announced the pricing of its initial public offering of 10.5 million shares of common stock at a public offering price of $16 per share for aggregate gross…
GLS to buy Canadian freight carrier Rosenau Transport for £210.5mn
LONDON, UK: Royal Mail’s subsidiary, General Logistics Systems (GLS), has agreed to acquire Canadian logistics company Mid-Nite Sun Transportation Ltd, one of the largest independent freight carriers in Western Canada that operates as ‘Rosenau Transport’. The total consideration is C$360.0 million (approximately £210.5 million) on a debt and cash free basis. The Acquisition will be…
Volex acquires Prodamex SA and Terminal & Cable for CAD22.5mn
LONDON, UK: Volex plc, the global supplier of integrated manufacturing services and power products, has signed a share purchase agreement for the acquisition of the entire issued share capital of Prodamex SA de CV and Terminal & Cable TC Inc., for a total consideration of CAD$22.5 million. The consideration will be paid in cash from…
SULB inaugurates $20mn wharf at Salman Industrial City in Hidd
HIDD, KINGDOM OF BAHRAIN: SULB, a major steel producer serving international markets, inaugurated the newly constructed Wharf. The new private port facility, located at Salman Industrial City in Hidd, is set to significantly enhance the company’s supply chain and deliver strong environmental and economic benefits for the Kingdom of Bahrain and its customers. High level…
Air Liquide acquires Polish home healthcare business, Betamed
PARIS, FRANCE: Air Liquide has announced the acquisition of Betamed S.A., a major home healthcare provider in Poland. Betamed specialises in the care of patients with severe pathologies, either at home or in its specialised clinic in Chorzów in Silesia. This acquisition enables the Group to strengthen its presence in Poland and to expand its…
MED completes acquisition of Rochdale Power Limited
LONDON, UK: Mast Energy Developments (MED), the UK-based multi-asset operator in the rapidly growing Reserve Power market, has exchanged final documentation and completed the definitive Sale and Purchase Agreement for Rochdale Power Limited announced on 16 August 2021. The transactional rationale and the technical and financial merits of the project are outlined in the Company’s…
Wheelsure signs collaboration agreement with Sedwell Limited
LONDON, UK: Wheelsure Holdings, the Aquis Stock Exchange quoted industrial engineering company, has entered into a collaboration agreement with Sedwell Ltd, a privately held digital technology company. This agreement is to mutually and exclusively develop their respective technologies in the form of a secure digital fastener for use in the global rail market. Tracksure, the…