LONDON: ldox plc has agreed to the disposal of its Netherlands based Grants Consultancy and databases business, to an affiliate of SilverTree Equity Partners, a leading software and technology focused private equity firm. The deal is expected to complete by 6 April 2021, and total consideration of up to €8.14 million comprises an initial €4.25m…
AVEVA completes acquisition of OSIsoft
LONDON: AVEVA, a global leader in engineering and industrial software, announced successful completion of the acquisition of OSIsoft. The acquisition enhances AVEVA’s ability to accelerate the digital transformation of the industrial world. In connection with Completion, 13,655,570 ordinary shares of 3 5/9 pence each in the capital of the Company (the ‘Consideration Shares’) were allotted…
Xcovery appoint Giovanni Selvaggi as Chief Executive Officer
PALM BEACH GARDENS: Xcovery Holdings Inc. announced that Giovanni Selvaggi, M.D., has been appointed as the Chief Executive Officer (CEO), replacing Li Mao, M.D., who is leaving for personal reasons. Dr. Selvaggi will also continue as Xcovery’s Chief Medical Officer (CMO). “Giovanni is the right leader for Xcovery,” said Lieming Ding, M.D., Chairman of the…
Starbreeze enters co-publishing agreement with Koch Media for 2023 PAYDAY 3 launch
STOCKHOLM: Starbreeze AB announced a global co-publishing deal with the leading European publishing partner Koch Media GmbH for the highly anticipated PAYDAY 3. The agreement provides for an estimated total investment exceeding 50 MEUR for both development and marketing of PAYDAY 3 including more than 18 months of post-launch “Games as a service”, meaning continuous…
Recticel acquires thermal insulation board business of Gór-Stal for EUR 30 million
BRUSSELS: Recticel has entered into preliminary agreements with the owners of the private Polish company Gór-Stal Sp. z o.o. to acquire Gór-Stal’s thermal polyisocyanurate-based (PIR) insulation board business. The acquisition will be made in cash for an enterprise value of EUR 30 million, of which EUR 27.25 million will be payable at closing and EUR2.75…
Medusa Mining appoints MD and Chairman
SYDNEY: Medusa Mining Limited announced the appointment of Andrew Teo as Managing Director and Jeffery McGlinn as Non-Executive Chairman, effective 19 March 2021. Mr Teo has been the Chairman of Medusa since November 2013 and a Board member since February 2010. Mr Teo has served as the Interim CEO since June 2020 after the resignation…
Schlumberger New Energy to setup lithium extraction pilot plant in Nevada
PARIS: Schlumberger New Energy announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while…
Groupe Renault, Veolia and Solvay partner to recycle EV battery metals in a closed loop
PARIS: Groupe Renault, Veolia and Solvay announced their partnership to enable the circular economy of EV battery metals in Europe through closed-loop recycling. The existing Veolia and Solvay consortium, created in September 2020, is thus reinforced with Groupe Renault’s pioneering position and experience in circular economy and in the life cycle of EV batteries, leading…
Air Liquide signs agreement to purchase renewable electricity in the Netherlands, Vattenfall
PARIS: Air Liquide has signed a long-term Power Purchase Agreement (PPA) with Vattenfall to purchase a total of 25 megawatts of offshore wind capacity in the Netherlands, a news release said. Vattenfall is one of Europe’s largest producers and retailers of electricity and heat. Following PPA agreements in the United States and Spain, this is…
Kahoot! starts trading on the Oslo Stock Exchange main list
OSLO: Kahoot!, the global learning platform company, started trading on the Oslo Stock Exchange on Thursday, marking an important milestone in the company’s history and its vision to grow as a leading learning platform worldwide. Kahoot! ASA is listed under the ticker KAHOT. Since its launch in 2013, Kahoot! has become a global pop culture…
Ofcom ramping up rollout of full-fibre broadband
LONDON: Millions of homes across the country are set be upgraded to faster, more reliable broadband, under new regulations announced today by Ofcom that will help shape the UK’s full-fibre future. The coronavirus pandemic has underlined the importance of a reliable internet connection. The UK’s copper telephone network – some of which was laid over…
Keywords Studios acquires 85% interest in Tantalus Media for up to $46.8 million
LONDON: Keywords Studios has acquired an 85% interest in Tantalus Media for a total consideration of up to US$46.8 million. The investment will further the Group’s strategy to become the ‘go to’ technical and creative services platform for the global video games industry and marks Keywords Studios’ entry into the Australian video games market. Founded…