STOCKHOLM: Mycronic AB is to acquire atg Luther & Maelzer GmbH, a leading global developer, manufacturer and supplier of advanced equipment for electrical testing of PCBs and substrate. The acquisition strengthens and broadens Mycronic’s offering and creates a platform in the field of electrical testing. atg, with approximately 190 employees and domiciled in Wertheim, Germany,…
Incap Corporation temporarily closes down factories in India
HELSINKI: Incap Corporation has closed down temporarily its factories in Tumkur, Karnataka from 10 May until 24 May 2021. “Incap is fully committed to support the local government in its actions to contain the virus and continues also the vaccination program for its employees. Our priority is to protect the health and safety of our…
Iconic Labs to acquire controlling stake in Sting Industries
LONDON: Iconic Labs Plc (LON: ICON) has agreed to acquire a controlling stake of unmanned drone company, Sting Industries Ltd.The consideration is payable in a combination of convertible notes, warrants and cash, and provide a long-term financing facility to meet Sting’s working capital needs. Iconic Labs Plc (LON:ICON), a cutting-edge media, data, information, internet, security,…
Technip Energies awarded contract by Indian Oil Corporation for a new PTA plant
PARIS: Technip Energies (PARIS:TE) has been awarded a large Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its Para Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Orissa, on the East Coast of India. This EPCC contract covers the delivery of a new 1.2 MMTPA PTA…
Wavestone acquires consulting practice of Everest Group in the US
PARIS: Wavestone S.A has announced the acquisition of Everest Group Consulting, Everest Group’s consulting division, in the US. The transaction takes the form of the acquisition of all the assets of Everest Group’s Consulting practice from Everest Group by Wavestone. The purchase price is $10.1m (€8.3m) in enterprise value, plus an additional consideration of up…
HDFC sells 0.62% stake in HDFC ERGO to ERGO International
LONDON: Housing Development Finance Corporation Ltd. (HDFC), in accordance with the direction of Reserve Bank of India to reduce its shareholding in HDFC ERGO to 50% or below, has entered into a, agreement for sale of 44.12 million equity shares of Rs10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO….
Open Orphan’s hVIVO to manufacture a SARS-CoV-2 challenge virus
LONDON: hVIVO, a subsidiary of Open Orphan plc (LON: ORPH), has signed a contract with Imperial College London, as part of a Wellcome Trust funded initiative to manufacture a SARS-CoV-2 challenge virus. The contract is worth £3 million and under this agreement hVIVO will develop a new SARS-CoV-2 challenge virus based on new emerging variants…
Begbies Traynor Group acquires MAF Property Limited for £11.75 million
LONDON: Begbies Traynor Group plc (LON: BEG) announced the acquisition of MAF Property Limited, which trades as MAF Finance Group, a Midlands-based finance broker. The acquisition is for a maximum potential consideration of £11.75m on a cash free and debt free basis with normal levels of working capital (i.e. adjusted for cash, debt and working…
STM Group sells Jersey business for £1.40 million
LONDON: STM Group Plc (LON: STM) announced the unconditional sale of its Jersey based trust and company services businesses (STM Jersey) for a minimum net cash consideration of £1.40 million. The sale completes the Company’s strategy to exit the CTS sector, and focus on its core activities of pension administration and life assurance. The sale…
Eight Capital Partners acquires Innovative Finance (InnFin)
LONDON: Eight Capital Partners (AQSE: ECP) has acquired financial services business, Innovative Finance Srl (InnFin). The Company will pay an initial €2.45m with a further potential earn-out of up €2.45m based on the achievement of financial performance targets. It also announced a term loan to the Company of €1.1m. Eight Capital Partners (AQSE: ECP) board…
Amino Technologies bids to acquire MobiTV
LONDON: Amino Technologies (LON: AMO), a software-led global media technology company that delivers modern TV experiences, has submitted a bid to acquire the trade and assets of MobiTV Inc. and MobiTV Services Corporation, a US live and on-demand TV platform provider. MobiTV is USA based and provides a TV-as-a-Service (TVaaS) solution that allows operators to…
Hansard Global appoints Graham Sheward as Chief Executive Officer
Hansard Global (LON: HSD) announced the appointment of Graham Sheward as Chief Executive Officer (CEO) and Director with immediate effect. Graham will succeed Gordon Marr who, as announced in March, is retiring from the Company. Gordon is stepping down as CEO and Director upon Graham’s appointment. He will remain with the Company to ensure a…