OSLO: Elliptic Labs is collaborating with Cirrus Logic Inc. to certify and optimize Elliptic Labs’ AI Virtual Smart Sensor Platform on Cirrus Logic’s latest smart boosted amplifiers for smartphone, PC/laptop, and IoT customers. Elliptic Labs’ Virtual Smart Sensors bring innovative user experiences like proximity and presence detection, as well as 3D touchless gesture sensing to…
Zaptec signs term sheet to purchase NovaVolt AG
STAVANGER: Zaptec Charger AS has today signed a letter of intent to purchase 100% of the shares in the Swiss company, NovaVolt AG. Zaptec Charger AS is 100% owned by Zaptec AS. NovaVolt is the exclusive distributor of Zaptec’s charging systems in Switzerland and has 7 employees, with its offices located in Zurich. Customers of…
Ashley Gilbert appointed MD of 88 Energy Limited
LONDON: 88 Energy Limited has confirmed the appointment of Ashley Gilbert to the Board of the Company and as Managing Director of 88 Energy with effect from 10 May 2021, following the resignation of David Wall. In addition, Mr Gilbert has stepped down from the role of Company Secretary and Ms Sarah Smith has been…
Trinity Exploration acquires PS-4 Block onshore Trinidad
LONDON: Trinity Exploration & Production plc has executed a Sale and Purchase Agreement (SPA) with Moonsie Oil Company Limited to acquire an operated 100% interest in the PS-4 Block Lease Operatorship Sub-Licence, onshore Trinidad for a total headline cash consideration of US$3.5 million. Overview of the PS-4 Block The PS-4 Block covers c.4 km2 located…
CIP Merchant Capital invests in Vertu Motors
LONDON: CIP Merchant Capital announced its investment in Vertu Motors plc, the new and used car dealership operating in the UK. The Company has acquired, in aggregate, 1,549,924 ordinary shares of 10p each in Vertu, representing approximately 0.42 percent of Vertu’s issued share capital, for a total consideration of approximately £625,553. For its financial year…
Live Company to invest £1.0 million for 16.3% stake in Start Art Global
LONDON: Live Company Group has subscribed for a non-controlling stake in Start Art Global Ltd, an online art and digital art sales and news platform, to be funded out of a proposed placing, a news release said. Live Company has agreed, subject to the passing of the Resolutions at the forthcoming General Meeting, to subscribe…
SDX Energy commences campaign to drill five wells in Morocco
LONDON: SDX Energy Plc announced the commencement of the first, three well, phase of its 2021 drilling campaign in Morocco, which will comprise up to five wells over the year. Mark Reid, CEO of SDX, commented: “I am pleased to announce that the Company has commenced its 2021 drilling activities of up to eleven wells…
Nightcap Plc agrees to acquire the Adventure Bar Group for £2.5 million
LONDON: Nightcap Plc has agreed to acquire the Adventure Bar Group including the entire issued share capital of +Venture Battersea Limited, Adventure Bars Mid Limited and Adventure Bars Luna Digbeth Ltd (target bars). The maximum aggregate consideration payable to the Vendors is £2.5 million and comprises an initial consideration of £1.0 million payable on completion…
Next Fifteen Communications acquires controlling interest in Blueshirt Capital Advisors
LONDON: Next Fifteen Communications Group announced the acquisition of a controlling interest in Blueshirt Capital Advisors LLC (BCA), the tech focused capital markets advisory business. In June 2016, the leadership team of Next 15’s Blueshirt agency and Next 15 agreed to create a separate but complementary business to Blueshirt, called BCA, which would play a…
One Media iP Group acquires Kid Creole and the Coconuts producer royalties
LONDON: One Media iP Group has acquired the writer’s share to the royalties of over 250 tracks of Kid Creole and the Coconuts, an American band created by August Darnell, that transcends the essence of ‘Tropical Cool’. The Acquisition includes the writer’s share of Kid Creole and the Coconut’s best known music tracks, as well…
Samarkand Group acquires Zita West and Babawest for a total of £2.414 million
LONDON: Samarkand Group plc has acquired the entire share capital of Zita West Products Limited and 51% of Babawest Ltd for a total consideration of £2.414 million to be satisfied by the payment of £1.914 million in cash and £500,000 by the issuance of 357,977 New Ordinary Shares in the capital of the company. Additionally,…
Victoria Plc acquires Edel Group BV for a consideration of €49.4 million
LONDON: Victoria Plc announced the substantial expansion of its existing artificial landscaping grass business with the acquisition of Edel Group BV, the Netherlands-based designers, manufacturers, and distributers of artificial grass and carpets. Total consideration paid was €49.4 million (£42.9m). In addition, Edel has approximately €20.0 million (£17.4m) of net debt. Established in 1918, Edel primarily…