MUNICH: Mutares SE & Co. KGaA has signed an agreement to acquire Ganter Construction & Interiors GmbH from MIGATI Beteiligungsgesellschaft mbH. The closing of the transaction is expected in the third quarter of 2021. The company headquartered in Waldkirch, close to Stuttgart, Germany, employs around 200 people and generates revenues of approx. EUR 110 million…
PlantX adds vegan wines to its U.S. e-commerce platform
VANCOUVER, BRITISH COLUMBIA: PlantX Life Inc. announced the addition of vegan wine to its expanding product selection on its U.S. e-commerce platform. The Company will be enhancing its product offerings by adding a curated selection of high-quality vegan wines by brands such as Rare Earth, Veuve Clicquot, Pino Cellars and Gravel Bar Winery. The new…
AEA Investors LP acquires Polygon Holding from Triton Partners
STOCKHOLM, SWEDEN: Funds advised by Triton Partners have signed an agreement to sell Polygon Holding AB to funds managed by AEA Investors LP, a news release said. AEA Investors, together with the management team, will acquire 100 percent ownership of Polygon. Closing of the transaction is subject to customary regulatory approvals and is expected to…
MMK Metalurji resumes operation of its hot rolling complex in Turkey
MOSCOW, RUSSIA: Magnitogorsk Iron & Steel Works (MMK) announced that MMK Metalurji, an asset of MMK in Turkey, has started hot tests at its electric arc furnace facility with a casting and rolling module. Annual production of hot-rolled coils at MMK’s Turkish production site amounts to about two million tonnes. MMK has begun the first…
AIDA Cruises expands its cruise program from Kiel
ROSTOCK, GERMANY: Due to the high demand for voyages from northern German ports, AIDA Cruises will deploy another Sphinx-class ship from Kiel. On August 15, 2021, the first four-day short cruise to Gdynia will start followed by a three-day cruise to Gothenburg. Both voyages will be offered alternately. A wide variety of travel dates are…
Swoop to acquire Beam Internet for $6.7 million
SYDNEY, AUSTRALIA: Swoop Holdings Limited has agreed to acquire Beam Internet, the largest privately owned fixed wireless network in regional South Australia, for a total enterprise value of $7.2 million, a news release said. Beam Internet offers fast and affordable high speed Wireless Broadband on its own network of over 60 towers and masts and…
Wesfarmers proposes to acquire Australian Pharmaceutical Industries for $687 million
SYDNEY, AUSTRALIA: Wesfarmers Ltd has submitted a non-binding, indicative offer to acquire 100 percent of the shares outstanding in Australian Pharmaceutical Industries (API) for $1.38 per share by way of a scheme of arrangement, a news release said. The proposal price corresponds to a total equity value for Australian Pharmaceutical Industries (API) of approximately $687…
Titomic USA acquires Silicon Valley-based Tri-D Dynamics Inc
SYDNEY, AUSTRALIA: Titomic Limited ‘s wholly owned subsidiary Titomic USA Inc has completed the acquisition of the business of Tri-D Dynamics Inc. The Tri-D acquisition is another milestone in the Titomic strategy to be a global solutions leader in additive manufacturing. Tri-D is a Silicon Valley-based design and manufacturing company developing smart pipe infrastructure for…
Shell joins Aukra Hydrogen Hub project
OSLO, NORWAY: Aker Clean Hydrogen and CapeOmega have signed a Memorandum of Understanding with energy major Shell to explore opportunities to develop the Aukra Hydrogen Hub to a large-scale production facility for clean hydrogen, using natural gas from the local gas processing plant at Nyhamna, a news release said. Shell is the operator of the…
DMGT in discussions to sell insurance risk division; Rothermere may acquire remaining shares of DMGT
LONDON, UK: Daily Mail and General Trust (DMGT) is in discussions in relation to the sale of its Insurance Risk division (RMS), while Rothermere Continuation Limited (RCL) prepared to make a possible cash offer to acquire the entire issued and to be issued share capital of DMGT not already owned by RCL. While discussions are…
Aker Carbon Capture launches carbon capture as a service
OSLO, NORWAY: Aker Carbon Capture has launched Carbon Capture as a Service; Carbon capture made easyT, an integrated offering that covers everything a customer needs to reduce emissions by CCS. “Now is the time to bring the full value chain together to enable source-to-storage decarbonization. With our offering, customers will simply pay per tonne captured…
Young & Co.’s Brewery sells Ram Pub Company to Punch Pubs for £53 million
LONDON, UK: Young & Co.’s Brewery has agreed to sell 56 of the 63 pubs in the Ram Pub Company to Punch Pubs & Co. for a total consideration of £53 million in cash, having generated EBITDA of £4.7 million for the year ended 31 March 2019, a news release said. Completion of the Disposal…