IRVINE, CALIFORNIA: Lantronix Inc. has completed its previously announced acquisition of Transition Networks and Net2Edge, which comprises the majority of the Electronics and Software reportable business segment of Communications Systems Inc. The transaction will bring immediate scale to Lantronix, with revenues from the combined company expected to total more than $100 million on an annual…
S-Ventures invests in plant-based meat business
LONDON, UK: S-Ventures has entered into a joint venture, Vegan Punk Ventures Limited (VPV), to invest in the production and sale of plant-based meat and fish alternatives that promote both healthy living and sustainable agriculture. S-Ventures will own 50% of the issued share capital of VPV and has agreed to invest up to £100,000 in…
Essensys plc appoints Eric Schaffer as CEO Asia Pacific
LONDON, UK: essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announces the appointment of Eric Schaffer as CEO of its Asia Pacific business, effective immediately. Eric joins the Group’s Operating Board and will report to Mark Furness, the Group’s Founder & CEO. Eric will lead the establishment…
S4 Capital merges MediaMonks and MightyHive
LONDON, UK: S4Capital launched its unitary brand by merging MediaMonks and MightyHive into Media.Monks, represented by a dynamic logo mark that features MightyHive’s iconic hexagon, news release said. The single brand emphasizes a shared heritage in creative content and roots in data&digital, while unifying a team of nearly 6,000 digital-first experts working as a single…
Aferian Plc acquires remaining minority interest in 24i
CAMBRIDGE, LONDON: Aferian plc, a software-led global media technology company that delivers modern TV experiences, will acquire the remaining 8% minority interest in 24i Unit Media B.V and its subsidiaries. Further to the Company’s interim results announcement released earlier today, the Company has received an exercise notice from the founders of 24i with regards to…
DNO acquires ExxonMobil stake in Kurdistan Baeshiqa License
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company’s acquisition of ExxonMobil’s remaining 32 percent interest in the Baeshiqa license, doubling DNO’s stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously drilled…
Green Thumb acquire vertically integrated cannabis business in Rhode Island
VANCOUVER, BRITISH COLUMBIA: Green Thumb Industries Inc., a leading national cannabis consumer packaged goods company, has closed on the acquisition of Mobley Pain Management and Wellness Center (DE), LLC and Canwell Processing (Rhode Island), LLC, which both held contractual interests in Summit Medical Compassion Center, Inc., a non-profit corporation with vertically integrated cannabis operations in…
Smiths Group selling Smiths Medical for $2.3 billion
LONDON, UK: Smiths Group plc has entered into an agreement for the sale of Smiths Medical to Trulli Bidco Limited, a wholly owned subsidiary of funds advised by TA Associates LLP. The proposed transaction values Smiths Medical at an enterprise value of $2.3 billion (equivalent to £1.7 billion), plus an additional $0.2 billion contingent on…
Dolfines SAS acquires 8.2 France
MONTIGNY LE BRETONNEUX, FRANCE: Dolfines SAS, an independent specialist in engineering and services for the renewable and conventional energy industry, has completed the acquisition of 8.2 France, one of the world leaders in the expertise of renewable energy production parks. On this occasion, DOLFINES has set up with the investment company Negma a financing line…
Fertiglobe acquires 15% Stake in EBIC for $43 million
AMSTERDAM, NETHERLANDS: OCI N.V. announced Fertiglobe has agreed with a KBR-led consortium (NYSE: KBR), which includes Mitsubishi, JGC and Itochu, to buy their combined 15% stake in Egypt Basic Industries Corporation (EBIC) in Egypt for a total consideration of $43 million. This brings Fertiglobe’s stake in EBIC to 75%, further streamlining the group’s ownership structure,…
SSE sells stake in Scotia Gas Networks for £1.225 billion
LONDON, UK: SSE Plc has agreed to sell its entire 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) to a consortium comprising existing SGN shareholder Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and Brookfield Super-Core Infrastructure Partners (Brookfield), a news release said. The transaction is based on an effective economic date of 31 March…
Subsea 7 announces floating wind acquisition
LUXEMBOURG: Subsea 7 S.A. has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. Nautilus has developed a promising concept for a floating wind foundation based on a semi-submersible steel structure that supports a…