DUBAI: Injazat the UAE’s leader in digital transformation and Lamprell, a leading provider of services to the international energy sector, have announced the signing of a joint venture (JV) agreement to create and market innovative digital solutions focusing predominantly on the renewables and oil & gas industries, a news release said. With the initial funding…
Velocys and British Airways extend Altalto option
LONDON: Velocys Plc has jointly agreed to extend the current option agreement with British Airways for the Altalto project to 31st March 2022, a news release said. Exercise of the option would give both parties equal equity ownership (50/50) of Altalto Ltd and the right to appoint a Director. Details of the original option agreement…
ANGLE Plc announces global launch of clinical services laboratories
LONDON: ANGLE plc has completed the fitout and staffing of its clinical services laboratories in Guildford UK, and Plymouth Meeting PA, United States. This launch comes ahead of schedule with the US laboratory being completed sooner than anticipated and the UK laboratory opening in line with anticipated timescales. Together, these laboratories will allow ANGLE to…
The Unite Group announces disposal of eight properties for £133 million
LONDON: Unite Students Group announced the disposal of a portfolio of eight properties, comprising 2,284 beds for £133 million (Unite share: £90 million) to Aventicum Real Estate. The disposal portfolio includes assets in Coventry, Wolverhampton, Birmingham, Exeter and Manchester and has nomination agreements covering 28% of beds on short-term contracts. The disposal is part of…
K3 Business Technology appoints Marco Vergani as Chief Executive Officer
LONDON: K3 Business Technology, which provides mission‐critical business software and cloud solutions, announced the appointment of Marco Vergani as Chief Executive Officer of the Group, effective immediately. Marco, aged 57, has over 30 years’ experience in the technology industry, and has served in international executive and leadership roles across UK, Europe, US and Asia. The…
Oxford Nanopore prepares for IPO in the second half of 2021
LONDON: IP Group’s portfolio company Oxford Nanopore Technologies Ltd has started the process of preparing for a potential Initial Public Offering (IPO). Whilst the timing of a potential IPO is dependent on market conditions and other matters not fully within its control, Oxford Nanopore currently expects the IPO to occur in the second half of…
Nordic Unmanned teams up with Textron Systems to enter European fixed wing drone market
OSLO: Nordic Unmanned has teamed up with Textron Systems Corporation, a Textron Inc. company, to enter the fixed wing segment of the European drone market, a news release said. The first commercial opportunity for the team is already targeted, as Nordic Unmanned is competing for a contract with the European Maritime Safety Agency (EMSA) with…
Cann Global Limited granted an export permit by Health Canada
SYDNEY: Cann Global Limited announce that its joint venture partner Canntab Therapeutics Limited has been granted an Export Permit by Health Canada facilitating CannGlobal’s exclusive distribution of Canntab’s hard pills in Australia. As previously announced to the market, Cann Global has a 50/50 Joint Venture partnership with Canntab on their unique patented hard oral dose…
4iG signs agreement to acquire DIGI Group
BUDAPEST: 4iG PLC signed a preliminary, non-binding, agreement with RCS & RDS consortium to acquire the 100% ownership of DIGI Távközlési Szolgáltató Kft. and its subsidiaries, Invitel Zrt. and I TV Zrt. The acquisition is aimed to be completed by September 2021, subject to due diligence of the target company and its subsidiaries, the signing…
Canada based Requiti acquire fintech Pinmo for CAD13 million
ONTARIO: Requiti Capital, a Canadian firm, has acquired fintech company Pinmo for CAD 13 million. Until its acquisition, Pinmo has been offering tax credit solutions for the last four years but began initially as a tech startup specializing in social media monetization and advertising technologies. With the new acquisition, Requiti will now focus on offering…
Quisitive Technology Solutions to acquire BankCard USA merchant services
TORONTO: Quisitive Technology Solutions Inc. has entered into a stock purchase agreement to acquire BankCard USA Merchant Services for US$100 million in cash and the issuance of 50 million common shares in the capital of Quisitive, a news release said. BankCard, an arm’s length party to Quisitive, is an established all-in-one merchant payment services provider…
Infratil approves acquisition of its shares on behalf of Morrison & Co
AUCKLAND: Infratil Limited has approved the on-market acquisition of $20 million of Infratil shares on behalf of certain Morrison & Co executives and Morrison & Co. The shares to be acquired for Morrison & Co executives are subject to a lock-up between Morrison & Co and the executives of between 12 and 24 months. Approval…