SYDNEY: Vulcan Energy Resources signed a binding agreement to acquire 100% of geothermal surface consultancy company Global Engineering and Consulting Gmbh(gec-co), a news release said. Vulcan’s 100%-owned subsidiary, Vulcan Energie Ressourcen GmbH (VER), will acquire 100% of the shares in gec-co from Mr. Thorsten Weimann. Mr. Weimann was recently appointed as Vulcan’s Chief Operating Officer…
Hubify Limited acquires 4.2% equity stake in Internet 2.0
SYDNEY: Hubify Limited is strategically investing $0.5M into Internet 2.0 for 4.2% equity stake, a news release said. The $0.5M will be reinvested in marketing and sales to drive Hubify’s Cyber Security revenue in Australia. Hubify Limited has entered into a partnership agreement with Australian and US based Company Internet 2.0 to provide superior cyber…
Walmart has releases it’s 2020 Culture, Diversity, Equity & Inclusion Report
Walmart (NYSE: WMT) has released it’s 2020 Culture, Diversity, Equity & Inclusion Report detailing progress to create greater racial equity across society and in the company. “While the work is multifaceted and extends across our company and into the community, there are certain themes that shine through: representation matters, education is the foundation of progress, and…
Downer EDI sells Otraco to Bridgestone Corporation for $79 million
SYDNEY: Downer EDI Limited entered into an agreement to sell its tyre management business (Otraco) to Bridgestone Corporation (Bridgestone). The sale price represents an enterprise value of $79 million, a news release said. Bridgestone, which was established in 1931 and is listed on the Tokyo Stock Exchange, is a global company with operations in more…
SMW Group to acquisition Sarina Crane Hire for up to A$35.8 million
AUCKLAND: SMW Group Limited has entered into a conditional agreement to acquire Sarina Crane Hire for a purchase price of up to A$35.8 million, a news release said. When the SMW Group was created through a reverse listing in July 2020 it had a vision to grow both organically and through strategic and complementary acquisition…
A.M. Best reaffirms Tower Limited’s A- (Excellent) credit rating
AUCKLAND: Global company rating specialist A.M. Best has reaffirmed Tower Limited’s financial strength rating at A- (Excellent). The rating reflects Tower’s balance sheet strength, which A.M. Best assesses as very strong. A.M. Best also noted Tower’s robust financial flexibility and prudent reinsurance programme. Tower Chair, Michael Stiassny welcomes the confirmation from A.M. Best saying this…
TraceSafe partners with PlotProjects to expand presence in new European markets
VANCOUVER: Tracesafe Inc. announced a new partnership with PlotProjects, a European leader in location-based marketing technology that delivers high-end geo-fencing and beacon services to app owners and developers. This partnership will offer a proven health and safety solution to the European market. TraceSafe’s industry-leading technology and its privacy-centric approach was a deciding factor for the…
Good360 receives grant from Walmart.org to expand operating capabilities and impact
ALEXANDRIA: Good360 announced Walmart.org donated $1.2 million to help expand distribution of critically needed goods to communities in need and further support building and maintaining sustainable nonprofit operating models within Good360’s nonprofit network. With record numbers of Americans experiencing job and income loss due to the COVID-19 pandemic, the need to support our communities with…
MPC Energy signs power purchase agreement for Colombian solar PV project
AMSTERDAM: MPC Energy Solutions NV has signed a power purchase agreement (PPA) for Parque Solar Los Girasoles, a solar PV project under development in Colombia. The COP-denominated agreement includes the delivery of around 23 GWh a year over a 12 year period starting in Q2 2022, a news release said. The power purchase agreement was…
dnata enhances global leadership team with key appointments
DUBAI: dnata, one of the world’s largest air and travel services providers, has enhanced its global leadership team, announcing key senior management appointments. The new set-up will help the company decisively adapt to changing global trends, drive synergies and efficiencies across its operations, and continue to deliver excellent services and value to customers. John Bevan…
Bank Alfalah joins the race for Silkbank’s consumer portfolio
KARACHI: Bank Alfalah Limited (BAFL) has approached Silkbank Limited seeking its concurrence to BAFL to apply to State Bank of Pakistan to proceed with the due diligence for the consumer portfolio of Silkbank Limited. Silkbank Limited has already accorded in-principle approval to Habib Bank Limited (HBL) to conduct due diligence for the same. Fauji Foundation…
Victory Square Technologies to invest in renewable energy company, Stardust Solar
VANCOUVER: Victory Square Technologies Inc. (VST) has signed a binding letter of intent (LOI) to invest in the renewable energy company Stardust Solar, a leading renewable energy company operating in the United States and Canada. Founded in 2017, Stardust Solar is a leader in renewable energy education in Canada, providing CSA/NABCEP approved design and installation…