BRUSSELS: Pictet Alternative Advisors and Immobel have acquired 4,500 sqm office property located in the Paris-Opera district, in an off-market transaction. The asset, located at 73 Rue de Richelieu in the 2nd arrondissement, currently sits fully vacant after the previous long-term tenant vacated its premises in 2020 offering a significant redevelopment opportunity in one of…
Aperam signs agreement to acquire ELG for an enterprise value of EUR 357 million
LUXEMBOURG: Aperam (AMS: APAM) has signed a Share Purchase Agreement with Franz Haniel & Cie. Gmbh to acquire ELG for an enterprise value of EUR 357 million. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap and high performance alloys, delivering 1.3m tonnes of materials annually, employing 1,300 FTEs…
Mintra accelerates acquisitions and growth strategy
OSLO: Mintra (FRA: N0D) has signalled strong intent for further growth with the appointment of Valentinos Steliou to the newly created role of head of acquisitions. Mintra is a leading provider of digital learning and human capital management (HCM) software solutions to safety-critical industries worldwide. The appointment sees Mr Steliou, who is also managing director…
Kahoot acquires Clever Inc. for an enterprise value of $500 million
OSLO: Kahoot! announced the acquisition of Clever Inc., a widely-used digital learning platforms used by U.S. K-12 schools. Kahoot! Group (OTCMKTS: KHOTF) will acquire 100% of the shares in Clever Inc., for an enterprise value (EV) of USD 435 – 500 million on a cash and debt-free basis, including a performance-based element for 2021-2022. The…
Entra ASA to buy Fyrstikkalléen 1 property for NOK 2.3 billion
OSLO: Entra ASA is in exclusive negotiations to acquire the property Fyrstikkalléen 1 for approximately NOK 2.3 billion, a news releases said. Fyrstikkalléen 1 is a large, new-built office property completed in 2020, which is fully let to three public tenants with a 9.4 years WAULT. The asset totals 39,600 sqm and is located in…
Interloop Limited plans $300 million expansion to capture pent up demand
KARACHI: Interloop Limited (ILP) has plans to invest $300 million to expand its production capacity and install apparel factory to capture the pent up demand. “The management is targeting to double its revenues by FY26. We are modelling revenue growth of 46 percent over the next three years and earnings growth of 41 percent,” Muhammad…
OKEA signs 4-year rig frame agreement with COSL Drilling Europe
OSLO: OKEA ASA (FRA: 3SX) has awarded a four-year frame contract to COSL Drilling Europe AS for the use of COSL’s energy-efficient drilling units on the Norwegian Continental Shelf (NCS). As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive provider of semi-submersible drilling rigs for OKEA’s NCS operations, with flexibility in…
Nobina AB acquires Telepass AB for SEK 150 million
STOCKHOLM: Nobina AB has entered an agreement to acquire 100 percent of Telepass AB, a market leader in service traffic in Skåne, Sweden. The purchase price comprises a fixed consideration of SEK 150 million and a potential earn-out consideration of up to SEK 45 million over the coming three years. Nobina, through its subsidiary Samtrans,…
DC BLOX developing a Tier III data center in High Point, North Carolina
ATLANTA: DC BLOX has acquired land in High Point, North Carolina with plans to construct the first highly secure, Tier III data center in the Carolina Core/Piedmont Triad region which includes High Point, Greensboro, and Winston-Salem, a news release said. DC BLOX is a provider of interconnected multi-tenant data centers that deliver the infrastructure and…
Electronic Arts Inc. acquires Super Mega Baseball franchise developer, Metalhead Software
REDWOOD CITY: Electronic Arts Inc. (EA) announced the acquisition of Metalhead Software, a Canada-based video game studio and developer of the fan-favorite Super Mega Baseball franchise. EA SPORTS and Metalhead are teaming up to grow the Super Mega Baseball franchise as well as develop new gaming and sports experiences for players worldwide. Metalhead co-founders Scott…
DeepVerge announces new AI centre of excellence in Cork
LONDON: DeepVerge Plc (LON: DVRG) announced the expansion of the data and technology division, Rinocloud, into Moorepark Technology Centre (MTC) in Fermoy, Cork, Ireland. The facility, expected to be ready in Q3, includes laboratory and engineering production units that will establish a European centre of excellence for real-time detection of multiple dangerous pathogens, including SARS-CoV-2,…
UBS to sell 48.8% stake in Clearstream Fund Centre to Deutsche Börse for CHF 390 million
ZURICH: UBS Group and UBS AG today announced that UBS has agreed to sell its remaining minority stake (48.8%) in Clearstream Fund Centre (CFC) to Deutsche Börse AG for approximately CHF 390 million. Long-term commercial cooperation arrangements remain in place for the provision of services by Clearstream to UBS, including the collaboration in jointly servicing…