LONDON, UK: The board of directors of Checkit plc has appointed Christopher James Kyte (Kit Kyte) as Chief Executive Officer with immediate effect, a news release said. Kit Kyte, (previously Chief Commercial Officer of the Group), brings deep domain and digital transformation experience and during his time as Vice President of Genpact he was responsible…
Matthew Squire appointed CEO of 1414 Degrees
SYDNEY, AUSTRALIA: The board of 1414 Degrees Ltd has appointed oil and gas executive Matthew Squire as its Chief Executive Officer. Matthew Squire has extensive experience in the oil and gas, power generation and broader energy sector working for Australian and international publicly-listed companies including Beach Energy, QGC, BG Group, Santos and Origin Energy. Most…
Bahrain Bourse adopts Global Industry Classification Standard (GICS) for listed companies
MANAMA, BAHRAIN: Bahrain Bourse will adopt the Global Industry Classification Standard (GICS) for listed companies effective as of 11th July 2021, a news release said. This is in line with Bahrain Bourse’s strategy to enhance transparency and efficiency in Bahrain’s capital market and to meet best international practices. The industrial re-classification aims to establish alignment…
GFH acquires US based student housing portfolio
MANAMA, BAHRAIN: GFH Financial Group has signed to acquire a $100 million student housing portfolio affiliated to top rated universities located in the United States, a news release said. The acquisition is in partnership with Student Quarters, an Atlanta based specialist asset manager, who is the sixth largest purchaser of student housing assets in the…
Shell and K-Electric inaugurate first electric vehicle charging station in Karachi
KARACHI: Shell Pakistan Limited (SPL) and K-Electric (KE) inaugurated the first ‘Rapid Charger’ station with a capacity of 50 kWh for Electric Vehicles at the Shell Askari-4 forecourt located at Rashid Minhas Road in Karachi. This initiative follows the signing of a Memorandum of Understanding (MoU) between both companies earlier this year; pursuant to which, Shell…
Multiconsult acquires Erichsen & Horgen at an enterprise value of NOK 410 million
OSLO, NORWAY: Multiconsult ASA has entered into an agreement to purchase 100% of the shares of Erichsen & Horgen AS, a leading Norwegian engineering consultancy with a strong market position within buildings construction, HVAC, WWT, energy, environment and sustainability, a news release said. The enterprise value (EV) of Erichsen & Horgen is agreed at NOK…
Seeka Limited announces an equity investment in Fruitometry
AUCKLAND, NEW ZEALAND: Seeka Limited announced an equity investment in Fruitometry an innovative horticultural agritech. In its first year Fruitometry successfully delivering a new commercial Digital Crop Estimation (DCE) service to kiwifruit growers, managers and packhouses in the North Island. Fruitometry’s exclusive technology enables the $3 billion kiwifruit industry by growers being able to measure…
Beter Bed Holding sells its Swedish business Sängjätten to Sengespecialisten
AMSTERDAM, NETHERLANDS: Beter Bed Holding (BBH) has completed the sale of its Swedish business Sängjätten to Sengespecialisten, a Danish subsidiary of the Lars Larsen Group. The business will be operated through a Swedish entity. The completed divestment is an important step in the implementation of the new strategic direction for focused and accelerated growth. Following…
HeiQ acquires Life Material Technologies in a share exchange deal
LONDON, UK: HeiQ Plc (LSE: HEIQ) has acquired 100% of the share capital and voting rights of Life Material Technologies Limited, a materials technology company that has developed a strong portfolio of smart ingredients. The acquisition strengthens HeiQ’s presence in the bio-based antimicrobial and textile odor control market and further diversifies and innovates its product…
Veris Limited signs agreement to acquire 49% stake in Wumara Group
SYDNEY, AUSTRALIA: Veris Limited (VRS: ASX) has entered into a share sale and purchase agreement with shareholders of 100% indigenous owned EMFOX Pty Ltd trading as Wumara Group, a land and construction surveying company, to acquire a 49% stake. As consideration for the acquisition Veris will pay $180,000 in cash and issue $20,000 in shares…
Parkmead Group announces acquisition of Netherlands gas royalty
LONDON, UK: Parkmead Group, the independent energy group focused on growth through gas, oil and renewable energy projects, has agreed to purchase a historic royalty associated with the Group’s existing interests in the Drenthe IV, Drenthe V and Andel Va licenses in the Netherlands from Vermilion Energy. These licences contain the Grolloo, Geesbrug and Brakel…
Bidstack secures exclusive partnership with Nordeus
LONDON, UK: Bidstack Group Plc announced an exclusive partnership with Belgrade-based Nordeus, best known for its flagship game, Top Eleven, which is now part of Nasdaq listed Take-Two Interactive Software Inc. (NASDAQ: TTWO). Top Eleven was first released in 2010 and is now one of the longest running mobile games as it celebrated its eleventh…