WELLINGTON: New Zealand’s Infratil Limited (IFT.NZ) said on Monday it has agreed to acquire a further 4.92% stake in power generator Contact Energy Limited (CEN.NZ) for NZ$437.7 million ($261.5 million), increasing its total holding to 14.3%. The infrastructure investor will buy the stake from TECT Holdings, the former Tauranga Energy Consumer Trust, at NZ$8.95 per Contact share, according…
Veris acquires Mesh and 50% of Parsel digital platform to boost consulting, digital revenue
SYDNEY: Australian consulting firm Veris Limited (VRS.AX) said on Monday it had agreed to acquire planning consultancy Mesh Livable Communities and a 50% stake in its digital platform Parsel, in a move to expand its higher-margin advisory and digital solutions business. Veris will pay up to A$3.18 million for Mesh, comprising A$2.38 million upfront and up…
FMCGIS acquires Ozflow Australia, secures exclusive rights to German hygiene drainage tech
SYDNEY: FMCG Industry Solutions (FMCGIS), a provider of specialized infrastructure for Australia’s fast-moving consumer goods sector, has acquired Brisbane-based Ozflow Australia, securing exclusive national distribution rights for Germany’s Wiedemann Technik drainage systems. The strategic acquisition integrates advanced hygienic drainage technology into FMCGIS’s portfolio, addressing a critical vulnerability in food and beverage manufacturing: bacterial contamination from…
ARATA, PALTAC, and PLANET to launch product data registry for Japan consumer goods
TOKYO: Japanese distributors ARATA CORPORATION and PALTAC CORPORATION, along with data exchange firm PLANET, INC., said on Monday they will establish a new company to centralize product information management for the consumer goods industry. The new venture, Product Registry Services, Inc., aims to create a single, standardized source for product data – such as descriptions…
EV Resources acquires Mexican processing plant to fast-track antimony production
MEXICO CITY: EV Resources Ltd. (ASX:EVR) has signed a lease agreement with an option to purchase a 150-tonne-per-day antimony processing plant in Tecomatlán, Mexico, positioning the company for near-term production and strategic supply alignment with U.S. critical minerals initiatives. The plant, located 50 kilometers from EVR’s Los Lirios Antimony Project, includes crushers, ball mills, flotation…
Bank of England’s Bailey says AI could be next industrial revolution, warns on growth
LONDON: Bank of England Governor Andrew Bailey said that Artificial Intelligence has the potential to be the next great technological leap that transforms the economy, but warned that Britain must work with it to reverse a prolonged slowdown in productivity growth. In a speech drawing on lessons from economic history, Bailey said the nature of…
Smiths Group to sell Smiths Interconnect to Molex Electronic Technologies for £1.3 billion
LONDON: Smiths Group plc has entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings, LLC . The transaction values Smiths Interconnect at an enterprise value of £1.3bn, representing 15.1x headline EBITDA of £86.1m for the fiscal year 2025. Smiths will receive cash consideration for the transaction which is subject to customary adjustments…
Avid raises $6.5 million seed funding to advance AI-powered fundraising platform
AUSTIN: Avid, developer of the first AI-powered Fundraising Operating System, announced Thursday it has raised $6.5 million in seed funding led by Silverton Partners, an Austin-based venture capital firm. The investment will support Avid’s mission to streamline nonprofit fundraising by integrating strategy and execution into a single platform. Already adopted by leading nonprofit organizations, Avid’s…
Prince Silver Corp shares begin trading on Frankfurt Stock Exchange
FRANKFURT: Prince Silver Corp (CSE: PRNC) (OTCQB: PRNCF) said on Thursday its common shares have commenced trading on the Frankfurt Stock Exchange under the symbol T130, expanding the Canadian silver explorer’s market presence to European investors. The listing adds to Prince Silver’s existing quotations on the Canadian Securities Exchange and the OTCQB in the United…
Certerra acquires Farabaugh Engineering to expand testing capabilities nationwide
REDMOND: Certerra, a leading provider of technology-enabled testing, inspection, and certification services for critical infrastructure, announced Thursday it has acquired Farabaugh Engineering and Testing, a specialized firm offering product testing, auditing, and engineering services for construction and building components. The acquisition strengthens Certerra’s Analytical Labs and Building Products Divisions, expanding its technical capabilities and geographic…
Vodafone Türkiye secures 100 MHz in 5G spectrum auction for $627 million
ANKARA: Vodafone Türkiye has acquired 100 megahertz of spectrum in a government-run 5G auction Thursday, committing $627 million (€539 million) to bolster its next-generation mobile services. The auction, conducted by the Information and Communication Technologies Authority (ICTA), awarded Vodafone Türkiye 2 x 10 MHz in the 700 MHz band and 80 MHz in the 3.5…
Workspace Group occupancy dips to 80% in second quarter amid strategic overhaul
LONDON: British flexible office provider Workspace Group PLC (WKP.L) share declined over 3.0% as the company reported a dip in occupancy for its second quarter, as it grapples with a strategic shift to streamline its portfolio and operations in a challenging commercial property market. The London-focused firm said on Thursday that like-for-like occupancy fell to…