SCOTTSDALE: Southern ITS International (OTC PINK:SITS) has acquired an 80% ownership stake in Kinzie LLC, a dynamic e-commerce enterprise. Kinzie LLC, established in 2013 and previously family-owned, started in the jewelry industry and has expanded its offerings to include everyday household items. The company has surpassed $28 million in sales since its inception. Gil Irey,…
Healwell AI to acquire VeroSource Solutions for $24.5 million
TORONTO: Healwell AI Inc. (OTCQX: HWAIF), a healthcare technology company focused on AI and data science for preventative care, has entered into an agreement to acquire VeroSource Solutions Inc., a multi-service technology enterprise focused mainly on providing both products and consulting services for total consideration of approximately $24.5 million. A significant portion of the consideration…
ADNOC and Alpha Dhabi JV Enersol to acquire 42.206% stake in Gordon Technologies for $270 million
ABU DHABI, UAE: ADNOC Drilling Company and Alpha Dhabi Holding announced their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC (“Gordon’’) for consideration of approximately $270 million, making Enersol the majority equity holder. The consideration is based on a valuation in line with the one…
Prime Financial to buy Equity Plan Management and Remuneration Strategies
SYDNEY, AUSTRALIA: Prime Financial Group (ASX:PFG), an Advice, Capital and Asset Management Group, has entered into an agreement to expand its Business Advisory & Consulting capability via the acquisition of the leading Australian remuneration and employee share plan administration business conducted by Equity Plan Management Pty Ltd and its associated entity Remuneration Strategies Pty Ltd….
Critical Metals Corp acquires Greenland’s Tanbreez Rare Earth Mine
SYDNEY, AUSTRALIA: Critical Metals Corp. has announced the acquisition of a 92.5% controlling interest in the Tanbreez Greenland Rare Earth Mine. The deal, which sees European Lithium Limited retaining a 7.5% stake, positions the Tanbreez Project as a key player in the global rare earth market. The Tanbreez Project, located in Southern Greenland, is a…
AGL Energy signs partnership with technology firm Kaluza
SYDNEY, AUSTRALIA: AGL Energy Limited (AGL) has announced a strategic partnership with technology firm Kaluza to revolutionize its customer operations. This collaboration marks a significant milestone in AGL’s Retail Transformation Program, aimed at enhancing customer experiences, slashing operational costs, and expediting product delivery to the market. Kaluza’s innovative platform, known for digitizing energy billing and…
Southern Cross Gold and Mawson Gold announce merger and dual listing
MELBOURNE, AUSTRALIA: Southern Cross Gold Ltd (SXG) and Mawson Gold Ltd (MAW) have announced a merger through an Australian scheme of arrangement transaction. The merger, dated 11 June 2024, will result in the formation of a new entity retaining the name Southern Cross Gold Ltd, which will be dual-listed on both the Australian Securities Exchange…
Collins Foods MD and CEO Drew O’Malley to step down
SYDNEY, AUSTRALIA: Collins Foods Limited (ASX: CKF) announced that Mr Drew O’Malley has informed the Board of his intention to step down as Managing Director and CEO of the Company, effective 1 July 2024. Mr Kevin Perkins will remain in the role of Interim Managing Director and CEO as the Board undertakes a local and…
Swoop to divest its Voicehub and Harbourtel businesses for $9m
SYDNEY, AUSTRALIA: Swoop has entered into a binding sale agreement to divest the entire issued share capital of Voicehub Group Pty Ltd and Harbourtel Pty Ltd (the entities that own and operate Swoop’s wholesale focused voice call termination business) to Pivotel for $9m cash. The purchase price is comprised of $8m payable on completion and…
Wendel Growth acquires stakes in YesWeHack for €14.5 million
PARIS: Wendel (Euronext: MF.FP), through its Wendel Growth investment arm, announced today the acquisition of a minority stake in YesWeHack through an equity investment of €14.5 million. Wendel invests alongside Adelie, Seventure Partners and historical investors Eiffel Investment Group, Open CNP2 and Caisse des Dépôts et Consignations. YesWeHack is a cybersecurity company that was founded…
Viridien partners with Ranch Computing to innovate digital media landscape
PARIS: Viridien, formerly CGG, an advanced technology and digital company, has announced a pivotal high-performance computing (HPC) agreement with Ranch Computing, a French rendering farm based in Paris, to unlock innovation in the digital media industry. Viridien will provide fully customized HPC cloud infrastructure and expertise to Ranch Computing, tailored to the demanding compute requirements…
Legrand has acquired Davenham and VASS in datacenters market
PARIS: Legrand (Paris:LR) continues to pursue its growth strategy with two new acquisitions in the rapidly-growing datacenters market, a segment that represented 15% of the Group’s revenue in 2023. Davenham is an Irish specialist in low-voltage power distribution systems (protection, switching, metering and energy distribution) for datacenters, including hyperscalers. Its business also includes product commissioning…