MIKKELI: Valoe Corporation and Sono Motors GmbH have signed about EUR 2.2 million co-operation agreement related to engineering and concept validation project for utilising solar energy in Sono Motors’ vehicles. The co-operation project commences immediately and lasts about 12 months. Valoe will now hire new employees for various development and manufacturing tasks at its Juva…
Korian acquires IPDL
PARIS: Korian, the leading European care services group, has acquired Intensivpflegedienst Lebenswert GmbH (IPDL), a leading German intensive care company currently implanted in southern Germany (Baden-Württemberg and Bavaria). IPDL offers ‘gold standard’ care (as recognised by MDK) through intensive one to one care in the homes of the patients, four community care centres, three of…
SES Signs MoU with Kazakhstan Government to accelerate the Digital Kazakhstan project
PARIS: The Republican Center for Space Communications (RCSC) Kazakhstan and SES have signed a Memorandum of Understanding (MoU) to explore service agreements for satellite-enabled, high-speed connectivity services using SES’s O3b mPOWER communications system in Kazakhstan to accelerate the Digital Kazakhstan project. Under this memorandum of understanding, Republican Center for Space Communications (RCSC) will explore utilising…
Access Bank will acquire ABC Holding’s 78.15% shareholding in BancABC Botswana
LONDON: Atlas Mara Limited’s subsidiary ABC Holdings Limited (ABCH) has entered into definitive agreements with Access Bank Plc for the sale of ABCH’s holdings in African Banking Corporation Botswana. The Transaction is subject to fulfillment of various customary conditions precedent including certain regulatory requirements and consents from other relevant authorities and certain counterparties. As part…
ITM Power announces electrolyser sale to Linde for H2Pioneer in Austria
LONDON: ITM Power Plc announced the sale of an HGas3SP (2MW) electrolyser and supporting equipment to partner Linde plc for the H2Pioneer project in Austria. One of the main goals of the H2Pioneer project is demonstrating the production of green hydrogen on-site to be used in semiconductor production, mostly replacing the supply of liquified hydrogen…
Advance Energy acquires 50% equity interest in Carnarvon Petroleum Timor
LONDON: Advance Energy plc announced the completion of its acquisition of a 50 percent equity interest in Carnarvon Petroleum Timor Unipessoal Lda, the holder of a 100 percent working interest in, and the contractor of, the Buffalo PSC, offshore Timor-Leste. The acquisition constituted a reverse takeover of the Company, pursuant to the AIM Market Rules….
Melrose Industries to sell its Nortek Air Management to Madison Industries for £2.62 billion
LONDON: Melrose Industries PLC has entered into an agreement to sell its Nortek Air Management business to Chicago-based Madison Industries for consideration of approximately £2.62 billion payable in cash on completion. Nortek Air Management business comprises Nortek Global HVAC (“GHVAC”) and Air Quality & Home Solutions (“AQH”) segments. Key highlights of the Disposal: · Cash…
Studio Retail Group to sell Findel Education for £30 million in cash
LONDON: Studio Retail Group plc, the online value retail business, has entered into and completed upon a definitive agreement for the sale (Disposal) of Findel Education Limited to West Moorland 221 Limited for a gross consideration of £30.0 million in cash. West Moorland 221 Limited is a newly formed company owned by investment funds managed…
Mattioli Woods announces acquisition of Caledonia Asset Management
LONDON: Mattioli Woods plc announced the acquisition of 100% of the share capital of Caledonia Asset Management Limited from its shareholders for an initial consideration of £0.96 million. A potential further consideration of up to £0.64 million is dependent on the attainment of specified performance targets in the two years after completion. Founded in 2000,…
Darktrace plc confirms IPO on the London Stock Exchange
LONDON: Darktrace plc has confirmed its intention to undertake an initial public offering (IPO) on London Stock Exchange (LSE). The Company intends to apply for admission of its ordinary shares to the premium segment of the Official List of the FCA and to trading on the London Stock Exchange’s Main Market for listed securities. The…
Carsten Egeriis appointed CEO of Danske Bank A/S
OSLO: The Board of Directors of Danske Bank A/S has appointed Carsten Egeriis as Chief Executive Officer. He replaces Chris Vogelzang, who has informed the Board that he wishes to resign from his position. This follows a decision by the Dutch authorities to name him a suspect in connection with their investigations of potential violations…
Sikri Holdings acquires Ambita AS in a NOK 950 million deal
OSLO: Sikri Holding AS has entered into a binding agreement with the Norwegian Ministry of Trade, Industry and Fisheries (NFD) regarding the acquisition of Ambita AS. The agreed enterprise value is NOK 950 million per 31 December 2020 (purchase price NOK 962.8 million). NOK 50 million of the purchase price will be settled by a…