LONDON, UK: Velocys plc, the sustainable fuels technology company, announced that sustainable aviation fuel (SAF) produced by the Company’s proprietary technology using woody biomass residue feedstock has been used in a commercial flight by Japan Airlines (JAL). Japan Airlines flight (JAL #515) from Tokyo to Sapporo was completed on 17 June 2021. This important milestone follows on from the collaboration agreement signed with Toyo…
Paragon ID announces acquisition of Security Label
PARIS, FRANCE: Paragon ID announced its acquisition of Security Label, European leader and one of the world’s biggest producers of baggage tags for the air transport industry. The acquisition will become effective as of 1 July 2021, a news release said. Security Label is a German company based near Hanover, founded in 1990 by the…
Gaming Realms signs licensing agreement with IGT
LONDON, UK: Gaming Realms plc, the developer and licensor of mobile-focused gaming content, has signed a licensing agreement with International Game Technology PLC (IGT), a multinational gaming and lottery company, a news release said. Under the terms of the agreement, Gaming Realms will produce Slingo games, an entertainment genre popular among mobile gaming enthusiasts that…
Geir Karlsen appointed new CEO of Norwegian Air Shuttle
OSLO, NORWAY: Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA. Karlsen succeeds Jacob Schram. The appointment will be effective June 21st 2021. “I am pleased to announce that Geir Karlsen on requet of the Board has accepted the job as CEO of Norwegian. Karlsen has successfully led the financial reconstruction of…
Hotel Chocolat Group announces acquisition of a Joint Venture
LONDON, UK: Hotel Chocolat, the premium British chocolatier, has agreed to acquire the entire issued share capital of Rabot 1745 Limited, which it does not already hold, a news release said. Summary of the Acquisition Rabot was established in 2016 as a joint venture between the Company and Andrew Gerrie (the Non-Executive Chairman of Hotel…
Guild Esports and Samsung sign sponsorship deal
LONDON, UK: Guild Esports welcomes Samsung, a world-leader in transformative technologies, as the Company’s Official Display Partner with the signing of a one-year deal, with an option for Samsung to extend for a further year, across the U.K. & Ireland. The partnership commences on 21 June 2021 and is Samsung’s first partnership agreement with a…
Capita and Cabinet Office agree to sell AXELOS Limited to PeopleCert International for £380 million
LONDON, UK: Capita plc and Cabinet Office have agreed to sell AXELOS Limited to PeopleCert International Limited in a deal that values the joint venture at £380 million on a cash-free, debt-free basis, representing an 11.5x multiple on 2020 EBITDA of £33.1 million, a news release said. The sale of Capita’s 51% interest in AXELOS…
Dev Clever Holdings agrees to acquire The Inspirational Learning Group Limited
LONDON, UK: Dev Clever Holdings has entered into definitive heads of terms to acquire The Inspirational Learning Group Limited (TILG), a profitable and established UK-based educational business. Under the definitive heads of terms, TILG will be acquired for a cash consideration of £200,000 and the issue of 6,000,000 new ordinary shares in Dev Clever, subject…
Kerry Group reaches agreement to acquire Niacet for €853 million
LONDON, UK: Kerry Group plc has reached agreement to acquire Hare Topco Inc. trading as Niacet Corp. from an affiliate of funds advised by SK Capital Partners LP and other shareholders for €853 million, a news release said. Niacet is a global market leader in technologies for preservation. It has clear leadership positions in Bakery…
TNG Limited signs agreement with AGV Energy to develop VRFB
SYDNEY, AUSTRALIA: TNG Limited has reached an agreement with an international technology company and specialist in the green hydrogen sector to develop commercial opportunities using vanadium redox flow batteries (VRFB). The Company has executed a Heads of Agreement with Malaysian-based AGV Energy & Technology Sdn Bhd to progress formal arrangements for collaboration on opportunities for…
Swoop Holdings to acquire wireless broadband provider, Speedweb for $1.75mn
SYDNEY, AUSTRALIA: Swoop Holdings Limited has agreed to acquire Speedweb, a wireless broadband provider in the Gippsland and Latrobe Valley areas of Victoria, for an enterprise value of $1.75million. Speedweb offers fast and affordable high speed Wireless Broadband on its own network of over 50 towers and masts and has more than 1,800 services in…
Axiata and Telenor sign agreement to merger Celcom and Digi in Malaysia
OSLO, NORWAY: Axiata Group Berhad and Telenor Group have successfully concluded the due-diligence exercise and signed an agreement on the proposed merger of the Malaysian mobile operations, Celcom Axiata Berhad and Digi. Following the 8 April 2021 announcement that Axiata and Telenor were in advanced discussions on the proposed merger, the signing today signifies a…