OSLO: Karsten Sævik is the new managing director of New Havyard Ship Technology AS (NHST) in Leirvik , Norway. The current managing director, Erlend Hatleberg, has chosen to seek new challenges outside Havyard. The chairman of the board of NHST, Vegard Sævik, thanks Erlend Hatleberg for his efforts in what has been a demanding time…
Nordic Unmanned (NUMND) receives permit to fly drone in Lithuania
OSLO: Nordic Unmanned (NUMND) received permit to fly drone in Lithuania. This is the 14th European country on Nordic Unmanned’s list of flight permits. The permit includes beyond visual line of sight (BVLOS) flying out to 100 km range, and makes Lithuania the 5th European country Nordic Unmanned has received BVLOS permits from so far….
Mondi to acquire Olmuksan, a leading Turkish corrugated packaging player
LONDON: Mondi Plc has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.S from International Paper for a total consideration of €66 million. The implied enterprise value on a 100% basis would amount to around €88 million. Olmuksan is a leading and well-established corrugated packaging player in…
One Heritage Group acquires site on Bank Street, Sheffield
LONDON: One Heritage Group PLC, the UK-based residential developer focused on the North West of England, has exercised an option to acquire a site on Bank Street, Sheffield. The total consideration paid is £879,770 in cash. This was financed through a combination of the £5 million shareholder loan facility, the repayment of a loan by…
Nandan Mer appointed Group CEO of Network International Holding
LONDON: Network International Holdings plc announced that Simon Haslam, Group Chief Executive Officer has decided to retire from the Company after forty years in the financial services sector. As a result, and following a global leadership search, Nandan Mer, currently MasterCard Strategy Head – International Markets, will succeed Simon as Group CEO effective 1 February…
Israeli Ministry of Health authorizes COVID-19 vaccine Moderna for use in Israel
CAMBRIDGE: Moderna Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced that Israel’s Ministry of Health (MOH) has given authorization to import the COVID-19 Vaccine Moderna in Israel. “Today’s authorization is a landmark moment in our company’s history and in the global fight against COVID-19,” said Stéphane Bancel, Chief Executive Officer…
IKE acquires assets of artificial intelligence software business
AUCKLAND, NZ: IKE has signed an agreement to acquire certain assets of Visual Globe LLC, a US-based Artificial Intelligence (AI) and low code/no code software company that specializes in the automated analysis of power poles. This strategic acquisition complements IKE’s existing offering and aligns with the Company’s vision to become the standard for collecting, analysing…
Avery Dennison acquires ACPO Ltd.
GLENDALE: Avery Dennison has acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees. Avery Dennison has acquired the majority of ACPO’s assets, including coating, finishing…
GAN Limited completes acquisition of Coolbet
IRVINE: GAN Limited, a leading business-to-business supplier of internet gaming software-as-a-service solutions to the U.S. land-based casino industry, announced the completion of the Vincent Group (Coolbet) acquisition for a total purchase price of €149.1 million in cash and stock, as adjusted pursuant to the Share Exchange Agreement. Highlights: Dermot Smurfit Commented: “The completion of the…
GameSquare Esports to acquire Reciprocity Corp.
TORONTO: GameSquare Esports Inc., a Canadian gaming and esports company, has signed an arrangement agreement dated December 31, 2020 to acquire 100% of the issued and outstanding shares of Reciprocity Corp., a privately held gaming and esports company. Under the terms of the Agreement, GameSquare will issue 43.75 million common shares of GameSquare at a …
Martinrea International Inc.
Martinrea International Inc. is a Canadian auto parts manufacturer based in Vaughan, Ontario. Initially known as Royal Laser Tech Corporation with only a few employees, the company formed under the Business Corporations Act in 1998 as a laser trimming metallic company for store fixtures and fabrications. Martinrea did not become an automotive company until 2001…
Maple Leaf Foods Inc.
Maple Leaf Foods Inc. is a Canadian consumer packaged meats company. Its head office is in Mississauga, Ontario. Traded as: TSX: MFI Industry: Food, Packaging Predecessors: Canada Packers Inc. Maple Leaf Mills Limited Founded: 1927 Headquarters: 6897 Financial Drive, Mississauga, Ontario, Canada Website: www.mapleleaf.ca