BRUSSELS: Gimv has acquired a majority shareholding in Verkley, which specialises in building and maintaining underground cable and pipeline networks for energy and water, a news release said. Gimv has acquired the shares from PMH Investments in Heerenveen.Verkley’s experienced management is also reinvesting. In cooperation with Gimv, Verkley is keen to anchor and expand its…
IDEX selected as strategic technology partner for Goldpac’s hardware wallet initiative
OSLO: IDEX Biometrics ASA has been selected to be the strategic technology partner, by Goldpac Group Ltd on their Digital Currency/Electronic Payment (DC/EP) hardware-based digital wallet initiative. IDEX has also received a new order for fingerprint sensors to support this initiative. DC/EP is the name given to the Central Bank Digital Currency (CBDC) of China…
Kongsberg wins $40mn contract to equip US wind turbine installation vessel
OSLO: Kongsberg Maritime has won a US $40 million contract to supply a comprehensive integrated technology solution for a Wind Turbine Installation Vessel (WTIV), to be built at Keppel AmFELS shipyard in the USA. The ship, which is being constructed for US energy company Dominion Energy, is expected to be delivered by the end of…
Caledonia Mining to be added to the GDXJ Index
ST HELIER: Caledonia Mining Corporation notes that it is to be included in the MVIS Global Junior Gold Miners Index (GDXJ Index) for the first time following the GDXJ Index’s first quarter 2021 review. The GDXJ Index forms the basis of various passive gold sector investment funds in the North American market, the most significant…
FrieslandCampina and Domty form joint venture to tap African and Middle Eastern cheese market
LONDON: The Dutch dairy company FrieslandCampina International Holding and the Arabian Food industries Company (Domty) have signed a joint venture agreement that will focus on the export of cheese to Africa and the Middle East. FrieslandCampina and Domty are combining their efforts in a new company that will export and sell affordable cheese propositions to…
Ricardo Plc secures $89 million contract from US Army
LONDON: Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world, a news release said. Detroit, Michigan -The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System / Electronic Stability Control…
Ofcom raises £1.356 billion from principal stage spectrum auction
LONDON: Ofcom, UK’s communication regulator, has raised a total of £1.356 billion from the principal stage spectrum auction, with all money to be paid to HM Treasury. Ofcom has announced the outcome of the principal stage of its auction to release more airwaves to improve mobile services and support 5G. A total of 200 MHz…
Supply@ME to acquire Singapore based commodities trade enabler
LONDON: Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation service to manufacturing and trading companies, has signed Heads of Terms (HoT) for the acquisition of a leading FinTech-powered commodities trade enabler, focused on SMEs, based in Singapore. The acquisition will allow SYME’s Platform to complete its global offering, by monetising inventory…
Korian acquires Spain based ITA Mental Health
PARIS: Korian, the European care services group for elderly and fragile people, has signed an agreement to acquire ITA Mental Health in Spain from Magnum Capital, a news release said. Pending usual regulatory authorisations the acquisition is expected to close in a few months. Following the acquisition of Inicea, a major player in France, in…
CannaOne Technologies to acquire 51% stake in Direct Agent 5
VANCOUVER: CannaOne Technologies Inc. has entered into a memorandum of understanding for the acquisition of 51% of Direct Agent 5 Inc. (DA5). DA5 is a Philippine-based corporation, which serves as a remittance and forex licensed entity with Bangko Sentro Pilipinas (BSP). Cannaone has agreed to issue an aggregate of 11.823 million common shares to the…
Love Hemp signs global sponsorship agreement with Ultimate Fighting Championship
LONDON: Love Hemp Group, one of the UK’s leading CBD and Hemp product suppliers, has secured an exclusive five year, multi-million-dollar global partnership Agreement with Ultimate Fighting Championship (UFC). Ultimate Fighting Championship (UFC) is the world’s premier mixed martial arts organisation and the largest Pay-Per-View event provider in the world. This Agreement will commence on…
Tesco completes sale of Tesco Polska
LONDON: Tesco Plc confirmed that it has completed the sale of its business in Poland to Salling Group A/S. There will now be a transition period of up to 18 months, during which time, Tesco stores in Poland will be converted to Netto.