LONDON: Toople Plc announced five new contract wins with leading UK businesses across a variety of sectors. Toople is a provider of bespoke telecom services to UK SMEs, a news release said. The most substantial of the five is a new contract win for Toople to provide a range of services to a large building…
Х5 remains largest digital company in Russian e-grocery market
MOSCOW: X5 Retail Group became the largest digital company in the Russian online food retail segment in 2020, according to Infoline. X5’s online GMV1 for FY 2020 totalled RUB 21.9 billion (including VAT); this includes RUB 15.0 billion from the online hypermarket Vprok and RUB 6.9 billion from express delivery services from X5’s Pyaterochka and…
JTC Plc acquires INDOS for upto £12.5 million
LONDON: JTC Plc has acquired INDOS for a maximum consideration of £12.5 million, a news release said. The initial consideration is £11m which will be settled in cash £10m and JTC equity £1m. A further £1.5m deferred consideration is available to management on the achievement of performance targets. Founded in 2012, INDOS is an industry-leading…
Mode Global Holdings to launch novel payments and loyalty solution
LONDON: Mode Global Holdings is set to launch its novel payments and loyalty solution powered by Open Banking in Q2 2021, providing merchants with an alternative to rising card interchange fees and boosting loyalty amongst consumers, a news release said. Since Mastercard announced its plan to increase card payment fees, Mode has announced it will…
Learning Technologies acquires Bridge in a $50 million deal
LONDON: Learning Technologies Group (LTG) has agreed to acquire getBridge LLC and related assets from Instructure Inc for a cash consideration of $50 million. Bridge is a learning, performance and skills development platform for mid-enterprise organisations, headquartered in the US with operations in the UK and Hungary. Bridge provides a learning management system in addition…
Robert Karofsky appointed sole President UBS Investment Bank
ZURICH: Robert Karofsky has been appointed sole President UBS Investment Bank, following Piero Novelli’s decision to retire, a news release said. Novelli will step down as Co-President Investment Bank on 31 March 2021. Together, Karofsky and Novelli successfully reshaped the Investment Bank, realigning efforts around clients’ evolving needs, focusing resources on opportunities for profitable growth,…
MESH and AAQUA sign agreement to jointly acquire Sentiance NV
LONDON: MESH Holdings plc and AAQUA BV have entered into a definitive sale and purchase agreement (SPA) to jointly acquire Sentiance NV, a news release said. Upon completion, MESH will increase its holding in Sentiance to 80% on a fully diluted basis, with the remaining 20% on a fully diluted basis owned by AAQUA. According…
Jim McCarthy steps down from the Chair of Wynnstay Group’ board
LONDON: Jim McCarthy, will be stepping down from his position of Chairman Wynnstay Group Plc at the forthcoming annual general meeting on Tuesday, 23 March 2021, a news release said. Jim will be succeeded by Steve Ellwood, Non-executive Director, who will take up the role on 23 March. In order to ensure a smooth transition,…
TietoEVRY agrees to sell its oil & gas software business to Aucerna
OSLO, NORWAY: TietoEVRY has reached an agreement with Aucerna to sell its Oil & Gas software business, a news release said. This divestment is part of the company’s strategy to seek focus and scale. Through this transaction, the Oil & Gas software business will have greater global market reach and growth opportunities. The agreement was…
China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. is China’s largest retail drugstore chain, based on the number of directly operated stores. As of April 2016, the company had 1,965 directly operated stores in China, one headquarters distribution center, and 15 regional distribution centers in China. It uses directly operated stores, centralized procurement, and a network of regional…
Play Magnus and Aker BioMarine become partner of Meltwater Champions Chess Tour
OSLO: Play Magnus Group and Aker BioMarine have signed a four-year agreement for LYSOVETA by Aker BioMarine to serve as the Official Learning Partner for the Meltwater Champions Chess Tour, a news release said. Aker BioMarine is committed to improving human and planetary health and has recently made significant advances in understanding how essential fatty…
China Mobile
China Mobile is the trade name of both China Mobile Limited and its ultimate controlling shareholder, China Mobile Communications Group Co., Ltd. formerly known as China Mobile Communications Corporation, “CMCC”), a Chinese state-owned company. China Mobile Limited provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China and Hong Kong….