LES CLAYES-SOUS-BOIS: Atos has inaugurated its new global Research & Development Lab in Les Clayes-sous-Bois, in the greater Paris metropolitan area (Yvelines), France. The new 8,000 m2 lab, which hosts around 350 of Atos’ highly qualified engineers, provides a modern space dedicated to research in quantum computing, high-performance computing, edge, artificial intelligence and cybersecurity. Supported…
Inchcape disposes of Toyota and Audi retail operations in St. Petersburg for £70 million
LONDON: Inchcape plc, the leading independent multi-brand automotive distributor with global scale, has agreed the sale of its Toyota and Audi retail operations in St. Petersburg to KlyuchAvto, a local market operator. The Group has agreed to dispose of the Toyota and Audi retail business for an enterprise value of c.£70 million, which will be…
Aker Offshore, Aker Horizons and University of Strathclyde to collaborate on accelerating glass fibre recycling
OSLO: Aker Offshore Wind, Aker Horizons and University of Strathclyde have signed a Memorandum of Understanding aimed at driving forward the development of recovery processes for used glass fibre products, including a novel process developed at Strathclyde. Glass-reinforced polymer composites (GRP), used in wind turbine blades around the world, is recognized as a hard-to-break-down source…
Daxocox (enflicoxib) approved for use by European Union and UK authorities
LONDON: Animalcare Group plc, the international animal health business, announces that following a positive opinion received from the Committee for Medicinal Products for Veterinary Use (CVMP) as first announced on 18 February 2021, Daxocox (enflicoxib) has now been granted Marketing Authorisation for the European Union. Daxocox is approved in Europe for the treatment of pain…
Alphawave IP Group plans listing of its shares on London Stock Exchange
LONDON: Alphawave IP Group plc, a leading semiconductor IP company, is considering an initial public offering (IPO), and applying for admission of its ordinary shares to the standard listing segment of the Official List of the Financial Conduct Authority (FCA) and to trading on the main market of the London Stock Exchange, a news release…
DP World reports 10% volume growth in 1Q
DUBAI: DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all…
MGC Pharma to acquire Israel based MediCaNL for $6.0 million in shares
LONDON: MGC Pharmaceuticals Ltd announced the acquisition of 100% of the issued share capital of MediCaNL Inc. MediCaNL Inc is the holding company of MediCaNL Israel 2019 Ltd, an Israeli company operating in and providing specialist services to the pharmaceutical sector for development of new medicines. MediCaNL offers clinical and preclinical trial services, as well…
Keywords Studios buys Climax Studios for £43 million
LONDON: Keywords Studios has acquired the entire issued share capital of Climax Studios, a UK based provider of game development services to the video games industry, for a total consideration of up to £43 million. The vendors were Hyperion Capital Limited (82.5%), Simon Gardner (15%) and James Sharman (2.5%). The acquisition will bring significant additional…
Gresham House acquires large utility-scale battery storage project for£15.6 million
LONDON: Gresham House Energy Storage Fund, the UK’s largest operational utility-scale battery storage fund, has completed its acquisition of the c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. The Project was acquired for a total enterprise value of £15.6 million (plus up to £0.35 million of deferred contingent consideration) and is…
House of Control acquires Business Analyze AS
HØVIK: House of Control Group AS (HOC) has entered into an agreement to acquire Business Analyze AS, a news release said. The acquisition will enable CFOs to gain better control over data from the entire business in a common dashboard, including the linking of House of Control’s ‘best-of-breed’ tools for the CFO. Business Analyze has…
CGG to support dCarbonX for decarbonisation exploration
PARIS: CGG, a global geoscience technology, has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK, which include geothermal energy and storage sites for CO2, hydrogen and ammonia. Such projects are critical in the ongoing energy transition from fossil fuels to renewable…
ESS Inc. appoints Eric Dresselhuys as new CEO
WILSONVILLE: ESS Inc. has appointed of Eric Dresselhuys as Chief Executive Officer, a news release said. Dresselhuys will leverage his proven strategic vision and executive leadership skills to guide the company through its next phase of growth as it expands its market presence and joins the global effort to decarbonize our energy systems. Dresselhuys joins…