LONDON: Electra Private Equity PLC announced the disposal of Sentinel Performance Solutions Group Ltd to Aalberts N.V., (‘Aalberts’) a global industrial technology group headquartered in Utrecht, the Netherlands and listed on the Amsterdam Stock Exchange. Following an initial investment in Sentinel in 2011, Electra gained control of the business for a nominal sum in July…
Nuance Communications acquired by Microsoft for $19.7 billion
MENLO PARK: SRI International congratulates Nuance Communications on their acquisition by Microsoft for $19.7 billion, making it the second-largest Microsoft acquisition after LinkedIn. Nuance is a market leader in speech recognition and transcription for healthcare and other applications worldwide. Nuance was an early spinoff of SRI’s Speech Technology and Research (STAR) Laboratory, a world leader…
Komplett Bank enters into new forward flow agreement in Norway
OSLO: Komplett Bank continues the cooperation with Axactor, and has entered into a new forward flow agreement for the sale of non-performing consumer loans in Norway. The agreement has a duration of 12 months. According to the agreement, Axactor will service the loans for the initial 180 days after they are sent to collection and…
Etalon Group gets construction permit for first stage of ZIL-Yug Project
MOSCOW: Etalon Group Plc has received a construction permit for the first stage of a large-scale integrated development project located in the southern part of the former ZIL factory in Moscow. This stage, which will include six buildings and parking, is expected to have total net sellable area (NSA) of 57.6 ths sqm, including 48.4…
Fitch upgrades Halyk Bank to ‘BBB-‘ from ‘BB+’; outlook stable
LONDON: Fitch Ratings has upgraded Halyk Bank’s Long-Term Issuer Default Ratings (IDR) to ‘BBB-‘ from ‘BB+’, the outlook is Stable. As a result, the Bank’s rating was upgraded from speculative to investment grade. For the first time in the history of the country, a private commercial bank in Kazakhstan received an investment grade rating from…
Starbreeze enters licensing agreement with PopReach for PAYDAY Crime War
STOCKHOLM: Starbreeze has signed a licensing agreement with PopReach Corporation for the re-launch of mobile title PAYDAY Crime War. Under the terms of the agreement, Starbreeze will receive a non-recoupable upfront payment of USD 250 thousand. PopReach will receive the complete source code to PAYDAY Crime War, and access to PAYDAY 2 content, and will…
Otovo launches operations in Italy
OSLO: Otovo AS has launched its operations in Italy, which becomes the company’s 6th European market, a news release said. The residential solar market in Italy is one of the most attractive in Europe and expected to be worth more than 1,200 million euros annually by 2025. Otovo expects the Italian unit to contribute more…
Aroundtown and CPI Property launches joint cash offer for Globalworth Real Estate Investments Limited
LONDON: Aroundtown SA (AT) together with CPI Property Group SA (CPIPG) announced their firm intention to launch a joint cash offer for Globalworth Real Estate Investments Limited. The Consortium, which holds over 50% of the issued share capital of Globalworth, is seeking to further increase its joint ownership through an offer to Globalworth shareholders to…
Kazera Global completes due diligence for Namibian Investment
LONDON: Kazera Global plc report that the Board have now been informed that the banking due diligence on the investment package totaling €9,130,000 announced in previous RNS’s has now been successfully completed. The Company is now awaiting final confirmation of the transfer of funds, at which point it will make a further announcement. In anticipation…
MelodyVR launches exclusive 5G partnership with NOS in Portugal
LONDON: Napster Group PLC, the leading creator of virtual reality entertainment content and operator of the MelodyVR and Napster platforms, has entered into an exclusive 12 month partnership in Portugal with NOS, one of the largest mobile operators in Portugal with more than 4.9 million mobile customers. The partnership, that launches today, will see MelodyVR…
Bauer Keller Joint Venture (BKJV) awarded EKFB contract
LONDON: BKJV, the 50:50 joint venture between Bauer Technologies Ltd and Keller UK (BKJV), has been awarded a contract by EKFB to deliver geotechnical work as part of the C23 package on High Speed 2 (HS2) in the UK. The contract award is worth £95 million and at peak production, the works will require over…
AdEPT acquires Datrix Limited for an initial cash consideration of £9.0 million
LONDON: AdEPT Technology Group completed the acquisition of the entire issued share capital of Datrix Limited for an initial cash consideration of £9.0m, which has been funded through the Group’s new bank facility, a news release said. Datrix is a well-established, award-winning supplier of advanced cloud-based networking, communications, and cyber security solutions, headquartered in London,…