SANTA CLARA: Silvaco Group announced the resignation of Babak Taheri as chief executive officer and member of the board after two years in the role. We are grateful for all of Babak’s contributions in the last two years to grow the company and wish him all the best in his next endeavor,” said Pierre-Yves Lesaicherre,…
TechnipFMC announces Technip Energies shares sale for €196.2 million
PARIS, FRANCE: TechnipFMC plc announced shares sale of 17.6 million Technip Energies N.V. shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares is set at €11.15 per share, yielding total gross proceeds of €196.2 million. HAL has agreed to a lock-up of…
TechnologyOne buys Scientia to tap higher education market
BRISBANE, AUSTRALIA: TechnologyOne, one of Australia’s largest enterprise Software as a Service (SaaS) companies, has entered into an agreement for the acquisition of Scientia Resource Management Limited, a United Kingdom company servicing the higher education sector. The likely consideration will be £12 million and includes an initial payment of £6 million and further payments, based…
HDFC Life Insurance will buy Exide Life
BENGALURU, INDIA : HDFC Life Insurance Co Ltd will buy the life insurance unit of Exide Industries Ltd for 66.87 billion rupees ($915 million), a news release said. As part of the deal, HDFC Life will issue 87 million shares to Exide Industries at 685 rupees per share and a cash payout of 7.26 billion…
Fantom joins hands with StrongBlock to offer nodes-as-a-service
NEW YORK: StrongBlock envisions an ecosystem where users without technical abilities can launch full blockchain nodes on their own and, in turn, be rewarded with the protocol’s native tokens such as STRONG. StrongBlock is known to have good community backing. This collaboration with Fantom will open up a door of opportunities for its users exposed…
Just Energy Group launches digital asset with Terrapass Coin
HOUSTON, TX: Terrapass, a leader in carbon offset and renewable energy solutions and a member of the Just Energy Group, announced Terrapass Coin (TPSC), a digital asset that works as an ERC-20 token on the Ethereum blockchain system. With Terrapass Coin, customers can own, buy, sell, trade, or offset their carbon footprint by managing their…
Yahsat selects GMV for upcoming Thuraya 4-NGS satellite
ABU DHABI, UAE: Al Yah Satellite Communications Company (Yahsat), UAE’s flagship satellite solutions provider, has selected the Spanish group, GMV, to supply the Spacecraft Control & Flight Dynamics Systems for Thuraya 4-NGS, a next-generation L-band mobile communications satellite system scheduled to begin operations in 2024. Through this new partnership, GMV’s best-in-class solutions will provide Yahsat’s…
ACWA Power announces IPO on Saudi Stock Exchange
RIYADH, KINGDOM OF SAUDI ARABIA: International Company for Power and Water Projects (ACWA Power) announced intention to proceed with an Initial Public Offering (IPO) and list its shares on the Main Market of the Saudi Stock Exchange (Tadawul). ACWA Power is a leading developer, investor and operator of power generation and desalinated water plants worldwide….
Structural Monitoring buys audio products business Eagle Copters
SYDNEY, AUSTRALIA: Structural Monitoring Systems Plc (SMS) has purchased the audio products business division from Eagle Copters Ltd., Calgary, Canada, a news release said. In light of the Eagle Audio transaction, it is regarded – simply, and easily – as the best add-on opportunity we have found since acquiring AEM in late-2017 – a deal…
Jeff Schrull appointed CEO of McArthur Oil & Gas
SYDNEY, AUSTRALIA: Board of Directors of Armour Energy Limited announced the appointment of Jeff Schrull as the Chief Executive Officer-elect for the proposed demerger and separate ASX listing of McArthur Oil & Gas Ltd (McArthur). Jeff Schrull brings over 30 years of upstream oil and gas experience to the role and joins the proposed McArthur…
Mick McMahon appointed CEO of Seafarms Group
SYDNEY, AUSTRALIA: Seafarms Group Limited announced the appointment of Mr Mick McMahon as Chief Executive Officer (CEO) and Mr Ian Brannan as Group Chief Finance Officer (CFO) commencing 20 September 2021. These appointments are part of the strategy to transform Seafarms into a significant multinational business. As previously announced, a capital raising by Seafarms for…
Barloworld Limited share price tumble on news of de-listing
LONDON, UK: Barloworld Limited share price tumbled on Thursday mid-day after the company announced to cancel its listing on London Stock Exchange effective October 01, 2021. Barloworld Limited has made an application to the Financial Conduct Authority (FCA) for the cancellation of its current listing of its ordinary shares of 0.05R on the Standard Segment…