PARIS: Sanofi announced a €400 million investment over five years to create a unique vaccine production center in Singapore. In partnership with the Singapore Economic Development Board (EDB), the new site will mainly supply the Asian region and complement existing manufacturing capacities in Europe and North America. The investment furthers Sanofi’s commitment to driving the…
Huawei sees significant potential to support Pakistan’s journey to a digital economy
KARACHI: On the sidelines of the SAMENA Leaders’ Summit, the President of Huawei Middle East, Charles Yang, has provided an update on the company’s business globally and across local markets, with his comments following Huawei’s release of its annual earnings results for 2020. The executive has emphasized the strategic importance of the region to the…
Mutares SE & Co. to buy Alan Dick Communications (ADComms) from Panasonic Europe
MUNICH: Mutares SE & Co. has signed an agreement to acquire Alan Dick Communications Limited (ADComms) from Panasonic Europe BV. The company is a leading provider of critical communications and security systems to the UK infrastructure sector, specializing in rail. The closing of the transaction is expected in Q2 2021. Headquartered in Scunthorpe, UK, ADComms…
BATM’s Telco Systems subsidiary partners with albis-elcon
LONDON: BATM Advanced Communications announced that its Telco Systems subsidiary has formed a strategic partnership with albis-elcon, a supplier of networking products and systems to communications service providers in the telecommunications industry, to jointly offer the Group’s network function virtualisation (NFV) solution, which represents a further route to market. The Group’s NFVTime virtualisation technology has…
Sistema PJSFC’s subsidiary Segezha Group intends to conduct an IPO on Moscow Exchange
MOSCOW: Sistema PJSFC’s subsidiary Segezha Group PJSC announced its intention to conduct an initial public offering (IPO) of ordinary shares and to list on Moscow Exchange. The Offering will consist of a primary offering of newly issued shares expected to raise at least RUB 30 billion and an over-allotment option of secondary shares of up…
CIP Merchant acquires stake in Ixico plc
LONDON: CIP Merchant Capital announced its investment in Ixico plc, the artificial intelligence data analytics company delivering insights in neuroscience, quoted on AIM. The Company has acquired, in aggregate, 1,784,500 ordinary shares of 1p each in Ixico, representing approximately 3.72 percent of Ixico’s issued share capital, for a total consideration of approximately £1.2 million. For…
Dev Clever to acquire Veative Labs Pte Ltd for approximately £54.75 million
LONDON: Dev Clever Holdings has entered into a comprehensive agreement to acquire entire shareholding of Veative Labs Pte Ltd (VLPL), a wholly owned Indian subsidiary of Veative. The consideration for the acquisition of Veative Labs Pte Ltd (VLPL) is to be settled through the issuance of 150 million new ordinary shares in the Company. Based…
Lee Marks appointed CEO of nmcn Plc
LONDON: nmcn Plc has announced that Lee Marks will join as a Director and Chief Executive Officer (CEO) of the Company with effect from 17 May 2021. nmcn Plc is a leading engineering and construction company in the UK. Its talented 1,700 strong workforce offers multi-sector engineering and construction skills, technical innovation, design and specialist…
Vitec Group announces acquisitions of Lightstream and Quasar for a total of $42 million
LONDON: The Vitec Group plc, the international provider of premium branded hardware products and software solutions to the growing content creation market, announces two acquisitions and a brief update on the Group’s Q1 2021 trading and outlook. · Agreed the acquisition of Lightstream, for an expected total cost of $35.9 million (£26.0 million) in cash…
Elixirr International acquires The Retearn Group Limited for £7.0 million
LONDON: Elixirr International plc announced the acquisition of the entire issued share capital of procurement and transformation firm, The Retearn Group Limited for a maximum total consideration payable of approximately £7.0 million plus an additional cash payment based on working capital at completion. The maximum total consideration payable is £7.0 million. This consists of initial…
GeoJunxion CEO Thierry Jaccoud resigns
AMSTERDAM: GeoJunxion announced today that its CEO, Thierry Jaccoud will resign at the end of May 2021. Thierry Jaccoud, CEO and Managing Director of GeoJunxion N.V., has decided to resign from both roles at the end of May 2021 for personal and family related reasons. Ivo Vleeschouwers, CFO, will take over the CEO function starting…
Cellectis S.A. sells $47 million worth of American Depositary Shares
NEW YORK: Cellectis S.A. has completed sales of approximately $47 million of American Depositary Shares (ADS) pursuant to the Company’s ATM program established on March 29, 2021, through Jefferies LLC, acting as sales agent. Each ADS represents one ordinary share of the company. In the ATM Sales, an aggregate of 2,415,630 new ADSs and the…