OSLO: Elliptic Labs expands its collaboration with Qualcomm Technologies Inc. to make available Elliptic’s AI Virtual Smart Sensor Platform for Windows based Always Connected PCs powered by Qualcomm Snapdragon compute platforms. As a result, Elliptic Labs’ AI Virtual Smart Sensor Platform is available to OEMs designing laptop and tablet devices powered by the latest Snapdragon…
Nekkar receives funding from Innovation Norway for disruptive wind turbine installation solution
OSLO: Nekkar ASA has received NOK 21 million grant from Innovation Norway to progress with the development of a disruptive installation technology that could significantly reduce the cost and environmental footprint associated with wind turbine installations. The solution – called SkyWalker – uses active heave compensation derived from offshore lifting systems combined with digital solutions…
Kahoot! acquires Motimate to strengthen offerings in employee engagement and corporate learning
OSLO: Kahoot! announced the acquisition of Motimate, an employee engagement and learning app provider for organizations of all sizes. This acquisition will allow Kahoot! to accelerate the building of the next generation of tools for employee learning, engagement and corporate culture, while strengthening its position in the corporate learning market. With this acquisition, Kahoot! continues…
Jersey Oil & Gas completes acquisition of CIECO V&C (UK) Limited
LONDON: Jersey Oil & Gas has completed its acquisition of the entire issued share capital of CIECO V&C (UK) Limited, owned by ITOCHU Corporationand Japan Oil, Gas and Metals National Corporation. As previously announced on 26 November 2020, the consideration for the acquisition consists of a completion payment of £150,000 and two contingent payments based…
Synectics Plc secures major City of London project as part of Secure City Programme
Pl LONDON: Synectics plc has been awarded a multi-million-pound project by the City of London Corporation and the City of London Police as part of their Secure City Programme. The Secure City Programme is a joint initiative between the City of London Corporation and City of London Police to significantly improve the safety of Square…
Artios collaborates with Novartis to create next generation DDR cancer therapies
LONDON: Arix Bioscience’s portfolio company Artios Pharma Limited announced a global research collaboration with Novartis to discover and validate next generation DDR targets to enhance Novartis’ Radioligand Therapies (RLT). Under the three-year collaboration, Artios and Novartis will perform target discovery and validation, and Novartis will select up to three exclusive DDR targets, and receive worldwide…
Sigmaroc acquires B-Mix Beton and Casters Beton for a total consideration of €13 million
LONDON: Sigmaroc Plc has completed the acquisitions of B-Mix Beton NV, J&G Overslag en Kraanbedrijf BV and TOP POMPING NV (collectively ‘B-Mix’), as well as Casters Beton NV (‘Casters’) from Groep Janssens N.V. for a combined cash consideration of €13m. B-Mix, located in Tessenderloo, and Casters, located in Genk, operate four concrete plants, producing around…
HSS Hire Group announces €11.2 million sale of Laois Hire Services Limited
LONDON: HSS Hire Group has entered into an unconditional agreement to sell Laois Hire Services Limited, the Group’s Irish large plant hire business, to Briggs Equipment Ireland Limited for a cash consideration of €11.2 million. The proceeds will be used to invest in the core Tool Hire business in line with the Group’s strategy. With…
Croda International’s Iberchem to acquire Parfex S.A. for €45 million
LONDON: Croda International Plc announced that its fragrances and flavours subsidiary, Iberchem, has agreed to acquire Parfex S.A., a fine fragrance business based in Grasse, France, for a total enterprise value of €45 million. Established in 1985 and now employing 75 people, Parfex creates fragrances principally for premium personal care and fine perfumery markets, leveraging…
Joules Group announces appointment of CFO
LONDON: Joules Group, the premium British brand, announced the appointment of Caroline York as its new Chief Financial Officer (‘CFO’) following a thorough search process. Caroline will join Joules no later than September 2021 from Moneysupermarket Group Plc, the FTSE250 price comparison business, where she is currently Finance Director. Prior to Moneysupermarket, Caroline held finance…
Good Energy Group appoints Nigel Pocklington as Chief Executive Officer
LONDON: Good Energy Group, the 100% renewable electricity supplier and innovative energy services provider, announced the appointment of Nigel Pocklington as Chief Executive Officer (CEO). Nigel will succeed Juliet Davenport, who announced in February 2021 that she wished to step down once a suitable successor had been identified. Nigel is expected to join the Good…
EML Payments Limited acquires Sentenial Limited for upto €110 million
SYDNEY: EML Payments Limited has entered into a binding Share Purchase Agreement to acquire 100% of Sentenial Limited and its wholly owned subsidiaries including their open banking product, Nuapay for an upfront enterprise value of €70 million plus an earn-out component of up to €40 million. Sentenial was founded in 2003, building out a technology…