LONDON: Somero Enterprises has announced the appointment of Tim Averkamp as its new Chief Executive Officer, effective April 1, 2025. The decision follows a comprehensive selection process to identify the ideal candidate for the role. Averkamp brings three decades of international experience in industrial manufacturing, construction machinery, and equipment innovation. He most recently served as Chief…
DP Poland acquires Pizzeria 105 in for £8.5 million
WARSAW: DP Poland, the operator of Domino’s Pizza stores in Poland and Croatia, has acquired Pizzeria 105, a franchised quick-service pizza chain with 90 locations across Poland, for 42.3 million Polish złoty (about £8.5 million). The seller, Marcin Ciesielski, will reinvest one-third of the proceeds—approximately 13.4 million złoty (£2.7 million)—into DP Poland by purchasing 23.6 million new…
CLS sells Spring Mews Student for £101.1 million
LONDON: CLS Holdings Plc announced that it has unconditionally exchanged on the sale of its student accommodation asset, Spring Mews Student, located in Vauxhall, London, to Rosethorn Capital Partners and Barings for £101.1 million in net cash consideration. The transaction, which aligns with the December 31, 2024, valuation, represents an 8.1% increase from the 2023 year-end valuation….
AJ Bell to sell AJ Bell Platinum to InvestAcc for £25 million
LONDON: AJ Bell plc has agreed to sell its Platinum SIPP and SSAS business (AJ Bell Platinum), part of its non-platform business, to InvestAcc Group Limited for a total consideration of up to £25.0 million. The Consideration will comprise £18.5 million upon completion; made up of £17.5 million in cash and £1.0 million in new InvestAcc shares,…
Brave Bison acquires Builtvisible Holdings for £3.5 million
LONDON: Brave Bison, the digital media, marketing and technology company, has entered into a binding agreement to acquire entire issued share capital of Builtvisible Holdings Limited for a total consideration of up to £3.5 million. Builtvisible was established in 2009 and has grown into a leading performance marketing agency specialising in organic performance strategies through the…
Voltage Park acquires TensorDock, a GPU cloud marketplace
Voltage Park, a scalable GPU-as-a-service (GPUaaS) provider offering on-demand and reserved AI infrastructure, announced Thursday its acquisition of TensorDock, a leading GPU cloud marketplace. The move underscores Voltage Park’s mission to democratize artificial intelligence by offering GPU solutions suitable for businesses of all sizes. “We share a common mission to make AI compute more accessible,” said…
Alcon acquires majority stake in Aurion Biotech
Alcon (SIX/NYSE: ALC), the global leader in eye care, announced today its acquisition of a majority interest in Aurion Biotech, Inc., a clinical-stage company developing advanced cell therapies for treating eye diseases. The move aims to advance Aurion’s promising allogeneic cell therapy asset, AURN001, into Phase 3 trials for corneal edema secondary to corneal endothelial disease later…
Archer Materials appoints Dr. Simon Ruffell as new CEO
SYDNEY: Archer Materials Limited announced Thursday the appointment of Dr. Simon Ruffell as its new Chief Executive Officer, effective immediately. Dr. Ruffell, who previously served as the company’s Chief Technology Officer, brings over 20 years of international experience in technology and research leadership to the role. Dr. Ruffell joined Archer Materials in February 2024 as Engineering…
CoStar raises offer for Domain Holdings to $4.43 per share
SYDNEY: CoStar Group, Inc. has submitted an improved non-binding proposal to acquire all shares of Domain Holdings Australia Limited for $4.43 per share in cash, up from its initial offer of $4.20. The new bid represents a 42% premium over Domain’s closing share price on Feb. 20, the last trading day before the original proposal was announced. …
Babcock secures £1 billion contract extension with UK Ministry of Defence
LONDON: Defence company Babcock International Group has clinched a five-year contract extension worth approximately £1 billion with the UK Ministry of Defence (MOD), reinforcing its strategic partnership with the British Army. The contract, a continuation of the Defence Support Group (DSG) Service Provision and Transformation Contract (SPTC), is set to enhance the Army’s operational readiness by providing…
Tesla to launch in Saudi Arabia amid declining Europe sales
Tesla is set to launch in Saudi Arabia next month, marking its entry into the Gulf region’s largest market. The company announced the April 10 event in Riyadh, where it will showcase electric vehicles, solar-powered products, and innovations like Cybercab and Optimus, its humanoid robot. Tesla’s expansion comes amid declining sales in Europe and global protests…
Chinese bubble tea chain Chagee files for U.S. IPO
Chagee, a Chinese bubble tea chain, filed for a U.S. initial public offering on Tuesday and aims to list on Nasdaq under the ticker “CHA.” The company plans to debut its first U.S. store in Los Angeles this spring at Westfield Century City mall. Founded in 2017 by CEO Junjie Zhang, Chagee operates over 6,400 teahouses across…