LONDON, UK: Brickability Group plc announced the conditional acquisition of Taylor Maxwell Group (2017) Limited, one of the UK’s leading suppliers of timber and non-combustible cladding to the construction industry, for a consideration of up to £63 million. In order to finance the Acquisition and to help fund future bolt-on acquisitions, the Company has conditionally…
Airtel Africa sells tower portfolio belonging to Airtel Tanzania for $175 million
LONDON, UK: Airtel Africa announced the sale of the tower portfolio belonging to Airtel Tanzania to a joint venture company owned by a wholly-owned subsidiary of SBA Communications Corporation, a leading global independent owner and operator of wireless communications infrastructure, as majority owner, and by Paradigm Infrastructure Limited, a UK company focused on developing, owning…
Water Intelligence announces acquisition of ALD franchise and PlumbRight Services
LONDON, UK: Water Intelligence plc announced reacquisition of its American Leak Detection (ALD) franchise in Reno, Nevada and acquisition of PlumbRight Services Inc., a Kentucky corporation. The Group continues to build on its exceptional growth momentum. Both acquisitions are immediately accretive and will contribute to sales and profit growth for 2H and beyond. In both…
UK Residential REIT announces £150 million IPO on London Stock Exchange
LONDON, UK: The UK Residential REIT (URES) announced its intention to proceed with an initial public offering (IPO) of new Ordinary Shares and to apply for the admission of its shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market for listed securities of the…
Pakistan urea and DAP sales grow by 109% and 108%
During the month of May’21, data for provisional fertilizer offtake show that urea offtake portrayed a significant growth of 109% YoY to 502k tons against 240k tons in SPLY given a low base impact since lockdown was imposed last year, constraining movement nationwide. Pertinently, FFC and FFBL sales witnessed a massive surge of by 82%…
Nordhealth AS completes NOK 400 million acquisition of Aspit AS
ESPOO, FINLAND: Nordhealth AS, a provider of cloud-based Practice Management Software (PMS), has completed the acquisition of 100% of the shares outstanding in Aspit AS for a cash consideration of approximately NOK 400 million to strengthen the Company’s market position and product offering, a news release said. Aspit is a leading supplier of electronic patient…
Sercel launches a seabed nodal solution for shallow waters
PARIS, FRANCE: Sercel announced the launch of GPR300, a new nodal seismic acquisition solution specially designed for deployment in shallow waters down to depths of 300 meters, a news release said. Developed in partnership with BGP, the new solution expands Sercel’s existing GPRNT range which includes GPR1500 for high-end deepwater subsurface imaging. Compact and lightweight,…
EROAD partners with Phillips Connect in North America
AUCKLAND, NEW ZEALAND: EROAD Limited has entered into a strategic partnership with Phillips Connect, a leader in expandable and durable telematics solutions specifically focused on trailer and asset operations, safety and health. This partnership will bring Phillips Connect devices, sensors, dashboards and reporting to EROAD’s customers for advanced trailer and asset monitoring. Phillips Connect solutions…
National Australia Bank completes $1.44 billion sale of MLC Wealth to IOOF
SYDNEY, AUSTRALIA: National Australia Bank Limited (NAB) confirmed that it has completed the sale of the MLC Wealth business to IOOF Holdings Ltd. (IOOF). The sale price of $1.44 billion comprises $1.240 billion in cash proceeds from IOOF and $200 million in the form of a 5-year structured subordinated note issued by IOOF. “The collaborative…
Saint-Gobain sells part of its glass processing business in Germany
LONDON, UK: Saint-Gobain announced the sale of Saint-Gobain Glassolutions Objekt-Center, which specializes in glass processing operations as part of the Glassolutions network in Germany, to the German privately-owned AEQUITA group based in Munich. This sale concerns two sites: Döring Berlin and Radeburg, which employ a total of almost 200 people and generated €20 million in…
Marlowe plc acquires ACL for up to £7.3 million
LONDON, UK: Marlowe plc has acquired ACL, a provider of fire safety and security services, for an enterprise value of up to £7.3 million. Founded in 1984, ACL is based in Surrey and employs approximately 80 staff. The acquisition provides attractive synergies with Marlowe’s testing, inspection and certification activities. For the year ended 30 April…
Breedon Group acquires Micromix (Northern) Limited
LONDON, UK: Breedon Group, a leading construction materials group in Great Britain and Ireland, has acquired Micromix (Northern) Limited which trades as Express Minimix, a ‘mini mix’ concrete operator based out of Durham, a news release said. The company operates a fleet of 25 mixer trucks, specialising in delivering small loads of ready-mixed concrete and…