LONDON, UK: AMTE Power plc, a developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, announced a joint venture agreement with InfraNomics Technologies Pty Ltd and advanced plans to build a 200,000 cell micro production line in Australia’s Lithium Valley. The 50:50 joint venture will operate through Bardan Cells Ltd and be…
AIQ announces new contract to supply DeFi DEX
LONDON, UK: The Board of AIQ Limited announced that Alcodes International, the Group’s IT consultancy business headquartered in Hong Kong, has been awarded a contract worth US$552k to supply a decentralised finance (“DeFi”) exchange (“DEX”) to a customer based in Australia. Under the terms of the contract, the Group will receive payment in tranches upon…
SEGRO and Schroders complete UK industrial property swap
LONDON: SEGRO plc and Schroders have completed a property swap transaction in which SEGRO has acquired from Schroders a 256,000 sq ft urban warehouse estate in West London for £140 million and Schroders has acquired from SEGRO a portfolio of UK big box and urban assets totalling 880,000 sq ft for £205 million. The balance…
FirstGroup acquires remaining 50% stake in SPS joint venture
LONDON, UK: FirstGroup plc announced that its wholly-owned subsidiary, First South West Limited, has acquired the remaining 50% shareholding in its Somerset Passenger Solutions Ltd (SPS) joint venture. The shares have been acquired from JJP Holdings (South West) Limited (‘JJPH’), giving FirstGroup control over the business going forward. The consideration, being funded from FirstGroup’s existing…
Småkraft acquires twelve power plants in Sweden
OSLO, NORWAY: Småkraft announced the acquisitions of twelve power plants generating 40 GWh in Mälardalen and in Hälsingland, Sweden. The acquisitions were finalized Friday 1st of October. Småkraft’s entry into Sweden extends Småkraft’s ambitious and successful strategy in the consolidation of small hydro operations. Sweden and Norway are part of the same power market, Nordpool,…
Saint-Gobain acquires RABONI Normandie in France
LONDON, UK: Saint-Gobain has completed its acquisition of RABONI Normandie, a multi-specialist distributor of construction materials on the dynamic residential renovation and energy efficiency market in France. RABONI Normandie had sales of approximately €30 million in 2020, around 12 points-of-sale, and more than 100 employees. These points-of-sale will enhance Point.P’s geographical presence in Normandy, where…
Adani Green Energy buys 5GW renewable portfolio of SB Energy India
PARIS, FRANCE: Following the completion of Adani Green Energy’s (AGEL) acquisition of 100% interest in SB Energy India from SoftBank Group Corp (80%) and Bharti Group (20%) announced on 19th May 2021, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), which holds a 20% interest in AGEL adds a net capacity of 1.4 GWp1 of projects in operation and…
discoverIE sells South African distribution business, Vertec Scientific
LONDON, UK: discoverIE Group plc announced the sale of its 100% owned South African distribution business, Vertec Scientific SA Proprietary Limited. discoverIE is a leading international designer, manufacturer and supplier of customised electronics to industry. Vertec SA, which is part of the Custom Supply division, is an importer and supplier of medical equipment and related…
Flutter appoints Amy Howe as CEO of FanDuel
LONDON, UK: Flutter Entertainment Group has appointed Amy Howe as CEO of FanDuel. Amy joined FanDuel in February 2021 as President with responsibility for leading the company’s core commercial functions across its Sportsbook, Casino, Racing, and Daily Fantasy businesses. She was appointed Interim CEO in July. Prior to joining FanDuel, Amy Howe was Global Chief…
Segun Ogunsanya begins new role as CEO
LAGOS: Airtel Africa plc, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announces that further to the Company’s appointment of Olusegun “Segun” Ogunsanya, as Managing Director and Chief Executive Officer, Segun has begun his new role as at 1 October 2021 and joined the Board of…
Marlowe acquires VinciWorks and Hydro-X for £84 million
LONDON, UK: Marlowe plc announced two acquisitions across its Governance Risk & Compliance (GRC) and Testing, Inspection & Certification (TIC) divisions for a combined consideration of up to £84 million, a bourse filing said. Consistent with its clearly defined strategy focused on regulated compliance service and software sectors, Marlowe is significantly advancing its Digital offering by acquiring…
Yooma Wellness acquires Japanese wellness business for $12mn
LONDON, UK: Yooma Wellness Inc. has completed the acquisition of Tokyo-based Vertex Co. Ltd. The transaction is valued at US$12million and was completed after market close on Friday, October 1. Vertex sells a range of proprietary wellness products in Japan through various home shopping networks; including QVC, Fuji TV, Nihon TV and others; as well…