LONDON: LondonMetric Property Plc has acquired two warehouses in Milton Keynes for £31.2 million, reflecting a blended net initial yield of 4.4% and a reversionary yield of 5.0%, a news release said. The buildings have a WAULT of 22 years and benefit from contractual rental uplifts. The two properties have been acquired in separate transactions…
Blackbird leads green technology campaign
LONDON, UK: Blackbird plc has launched a carbon awareness study titled “Video Shouldn’t Cost the Earth” developed in collaboration with environmental management consultancy Green Element. The study highlights the impact the video industry has on the environment and outlines key areas where companies can take greater strides towards meeting sustainability goals. Blackbird and Green Element…
PointsBet acquires Banach Technology
MELBOURNE: PointsBet Holdings’ Irish subsidiary, Lockspell Limited has entered into a binding share purchase agreement (SPA) to acquire Banach Technology Limited, a news release said. The transaction is subject to customary completion conditions and is expected to close in April 2021. Banach was founded by Rob Reck, Mark Hughes, Alex Zevenbergen and Hadrien Lepretre, all…
SailPoint Technologies acquires ERP Maestro
AUSTIN: SailPoint Technologies Holdings announced the completion of its acquisition of ERP Maestro, an early stage SaaS governance, risk and compliance (GRC) solution. With this acquisition, SailPoint unites identity security with separation of duties (SoD) access controls monitoring for an organization’s most critical applications, like SAP. This integrated approach addresses the growing risk of over-permissioned,…
Meltwater acquiring social media intelligence company Linkfluence for EUR 50 million
OSLO: Meltwater announced agreement to acquire leading social media intelligence company Linkfluence for EUR 50 million in a combination of cash, equity, and earn-out Meltwater B.V., a leading global provider of media intelligence and social analytics, has entered into an agreement under which it is committed to acquire Linkfluence, a French SaaS company using artificial…
Ismail Industries makes equity investment in PET resin plant
KARACHI: Ismail Industries Limited will make an equity investment of Rs1.5 billion in a recently incorporate subsidiary Ismail Resin Private Limited, which intends to setup a polyester resin (PET Resin) plant. Ismail Resin intends to setup PET Resin manufacturing plant with a capacity of 108,000 tons/annum keeping in view of growing demand of it. This…
John Hulme appointed Chief Operating Officer at Noreco
OSLO: Norwegian Energy Company ASA (Noreco) has appointed John Hulme as Chief Operating Officer (COO), effective today. Mr Hulme brings 30 years of global experience in the oil and gas industry. He was most recently Country Manager for Sapura Energy E&P business in Malaysia, which delivered strong growth following the acquisition of Newfield Malaysia in…
D&B to power Trade Foresight with verified company and business profiles
KARACHI: Trade Foresight has entered into an agreement with Dun & Bradstreet Pakistan (D&B), under which D&B will power Trade Foresight with D&B verified company and business profiles. Dun & Bradstreet Pakistan (D&B) is the world’s leading source of business information and insights. Integrating D&B’s Verified and Globally recognized Business Profiles will allow Trade Foresight’s…
Sitowise Group applies for listing Nasdaq Helsinki
HELSINKI, FINLAND: Sitowise Group Plc has today filed a listing application with Nasdaq Helsinki Ltd to list Sitowise’s shares first on the prelist and then on the official list of Nasdaq Helsinki. Trading in Sitowise’s shares is expected to commence on the prelist of Nasdaq Helsinki on or about 26 March 2021 and on the…
LeoVegas acquires Expekt Nordics for EUR 5.0 million
STOCKHOLM: LeoVegas AB is acquiring Expekt Nordics Ltd and related assets from Betclic Group, a news release said. Expekt is one of the most well-known sports betting brands in Sweden and the Nordic countries. The total purchase price is EUR 5.0 million for all assets. The acquisition strengthens LeoVegas’ brand portfolio with an established position…
Kalera buys facility in Minnesota to form a vertical farming facility
ORLANDO: Kalera AS announced the purchase of a facility in St. Paul, Minnesota which they will convert to a vertical farming facility. Kalera’s Minnesota location is the eighth facility it has announced, making it one of the fastest growing vertical farming companies in the United States. This announcement comes on the heels of the news…
bpost removes Jean-Paul Van Avermaet from the office of CEO
BRUSSELS: The Board of Directors of bpost has decided to terminate with immediate effect the collaboration with Mr. Jean-Paul Van Avermaet in his function of CEO of bpost. The Board also decided to suspend until the General Assembly of Shareholders on 12 May 2021 Mr. Van Avermaet as board member of bpost in the interest…