LONDON: Ofcom has today announced the final results of the auction for spectrum in the 700 MHz and 3.6-3.8 GHz bands, following completion of the remaining stages. In March, we announced the results of the principal stage, which determined how much spectrum each of the four bidders – EE Limited, Hutchison 3G UK Limited, Telefonica…
Halma Plc acquires PeriGen Inc. for $58 million
LONDON: Halma Plc has acquired PeriGen Inc., based in North Carolina, USA, in a $58 million deal, a news release said. PeriGen’s advanced technology protects mothers and their unborn babies by alerting doctors, midwives and nurses to potential problems during childbirth. Its software solutions use artificial intelligence to provide an automated early warning platform during…
£10.9m acquisition of supported living and care facilities in South Wales
LONDON: Civitas Social Housing PLC, has completed the acquisition of 15 supported living and care facilities in South Wales for a total consideration of £10.9 million. The portfolio provides 51 beds and long-term support for individuals with learning disabilities and mental health care needs along with dedicated facilities to develop and enhance independent living skills,…
Focusrite plc buys Sequential LLC in a $24 million deal
LONDON: Focusrite plc, the global music and audio products company, has bought Sequential LLC, a California based, world-renowned, high-end synthesizer company. The existing management and team will stay with the business post acquisition. The total consideration to be paid is $24 million (c£18 million) for the business, with initial consideration of approximately $20 million of…
Warren Equity announces acquisition of ADB Companies and affiliates from Keeley
SAINT LOUIS: Warren Equity Partners announced the acquisition of ADB Companies LLC, and its affiliates from the Keeley Companies. ADB, based in St. Louis, Missouri, is a leading turnkey provider of telecommunication and utility infrastructure solutions in the United States. Rusty Keeley, CEO of the Keeley Companies, and Chad Johnson, CEO of ADB, will maintain…
Xerox acquires Groupe CT
NORWALK: Xerox has acquired Groupe CT, a leading independent document management provider in Eastern Canada, a news release said. Terms of the transaction were not disclosed. “We’re continuing to grow our presence in the North America small and midsize business (SMB) market,” said Mike Feldman, president of Americas Operations and Global Document Services, Xerox. “With…
Toyota Motor’s Woven Planet to acquire Lyft’s self-driving car division
SAN FRANCISCO: Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, has signed an agreement for the acquisition of Lyft Inc.’s self-driving vehicle division, Level 5 in a $550 million deal The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving…
TechnipFMC to sell 14% of Technip Energies shares for €277.5 million
PARIS: TechnipFMC announced the sale of 25 million Technip Energies shares, representing around 14% of Technip Energies’ share capital at €11.10 per share, yielding total gross proceeds of €277.5 million. The sale will be through a private placement by way of an accelerated bookbuild offering. Concurrently with the placement, Technip Energies will purchase from TechnipFMC…
Vulcan Energy signs binding agreement to acquire Global Engineering and Consulting Gmbh (gec-co)
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…