HELSINKI: City of Espoo has selected Gofore Lead Ltd (Silver Planet Ltd until 28 January 2021), a Gofore Group company, as the primary service provider in a framework arrangement for ICT consultancy services. Its selection for the framework arrangement entails that Gofore Lead Ltd will be supporting the City of Espoo in its digital transformation….
Alstom wins €220 million contract to provide 234 metro cars for Mumbai Metro
PARIS: Alstom has won a €220 million contract to design and manufacture 234 metro cars for Mumbai Metro Lines 4 & 4A, a news release said. Alstom has been awarded by Mumbai Metropolitan Region Development Authority (MMRDA) the contract to design, manufacture, supply, test and commission 234 metro cars, including personnel training for Line 4…
Lotus Bakeries acquires full control of Lotus Bakeries Italia
BRUSSELS: Lotus Bakeries acquired all of the shares in Lotus Bakeries Italia. From a new office in Milan, Lotus Bakeries’ own team will further strengthen its position on the Italian market. In February 2019, together with its Italian distribution partner Lona, Lotus Bakeries set up a joint venture, Lotus Bakeries Italia, to focus exclusively on…
Paul Kendrick appointed CEO of Studio Retail Group
LONDON: Studio Retail has confirmed that Paul Kendrick has been appointed as CEO of the Company with effect from 26 March 2021, replacing Phil Maudsley who retired from Studio and stepped down as a director of the Company on the same date. As previously announced in June 2020, this is the outcome from a structured…
Injazat and Lamprell partner to accelerate digitalisation in the energy sector
DUBAI: Injazat the UAE’s leader in digital transformation and Lamprell, a leading provider of services to the international energy sector, have announced the signing of a joint venture (JV) agreement to create and market innovative digital solutions focusing predominantly on the renewables and oil & gas industries, a news release said. With the initial funding…
Velocys and British Airways extend Altalto option
LONDON: Velocys Plc has jointly agreed to extend the current option agreement with British Airways for the Altalto project to 31st March 2022, a news release said. Exercise of the option would give both parties equal equity ownership (50/50) of Altalto Ltd and the right to appoint a Director. Details of the original option agreement…
ANGLE Plc announces global launch of clinical services laboratories
LONDON: ANGLE plc has completed the fitout and staffing of its clinical services laboratories in Guildford UK, and Plymouth Meeting PA, United States. This launch comes ahead of schedule with the US laboratory being completed sooner than anticipated and the UK laboratory opening in line with anticipated timescales. Together, these laboratories will allow ANGLE to…
The Unite Group announces disposal of eight properties for £133 million
LONDON: Unite Students Group announced the disposal of a portfolio of eight properties, comprising 2,284 beds for £133 million (Unite share: £90 million) to Aventicum Real Estate. The disposal portfolio includes assets in Coventry, Wolverhampton, Birmingham, Exeter and Manchester and has nomination agreements covering 28% of beds on short-term contracts. The disposal is part of…
K3 Business Technology appoints Marco Vergani as Chief Executive Officer
LONDON: K3 Business Technology, which provides mission‐critical business software and cloud solutions, announced the appointment of Marco Vergani as Chief Executive Officer of the Group, effective immediately. Marco, aged 57, has over 30 years’ experience in the technology industry, and has served in international executive and leadership roles across UK, Europe, US and Asia. The…
Oxford Nanopore prepares for IPO in the second half of 2021
LONDON: IP Group’s portfolio company Oxford Nanopore Technologies Ltd has started the process of preparing for a potential Initial Public Offering (IPO). Whilst the timing of a potential IPO is dependent on market conditions and other matters not fully within its control, Oxford Nanopore currently expects the IPO to occur in the second half of…
Nordic Unmanned teams up with Textron Systems to enter European fixed wing drone market
OSLO: Nordic Unmanned has teamed up with Textron Systems Corporation, a Textron Inc. company, to enter the fixed wing segment of the European drone market, a news release said. The first commercial opportunity for the team is already targeted, as Nordic Unmanned is competing for a contract with the European Maritime Safety Agency (EMSA) with…
Cann Global Limited granted an export permit by Health Canada
SYDNEY: Cann Global Limited announce that its joint venture partner Canntab Therapeutics Limited has been granted an Export Permit by Health Canada facilitating CannGlobal’s exclusive distribution of Canntab’s hard pills in Australia. As previously announced to the market, Cann Global has a 50/50 Joint Venture partnership with Canntab on their unique patented hard oral dose…