DUBAI: The Board of Dubai Islamic Insurance & Reinsurance Company (Aman) has proposed AMAN’s first cash dividend distribution of 6% of net profit attributable to shareholders since 2011. The proposed dividend reflects the strong FY 2020 performance, which saw the initial benefits of the new three-year growth strategy coming through. Net profit attributable to shareholders…
Hexagon Composites and Mitsui expand and extend strategic alliance
OSLO, NORWAY: Tokyo based Mitsui & Co., Ltd. and Hexagon Composites ASA have extended their strategic alliance for an additional five years, effective from March 21, 2021. The agreement has also been expanded to include Hexagon Purus AS, which was recently spun-off and listed on Euronext Growth Oslo. “For the past 5 years, Mitsui has…
Air Liquide completes phase-I of its planned 25MW electrolysis hydrogen plants in Taiwan
PARIS: Air Liquide has completed the first phase of the construction of its planned 25 MW electrolysis hydrogen plants in the Tainan Technology Industrial Park in Taiwan, a news release said. These plants will provide ultra-high purity hydrogen to the semiconductor industry as well as serve emerging hydrogen energy applications in Taiwan. This project is…
Sony Interactive Entertainment and RTS jointly acquire Evolution Championship Series
SAN MATEO: Sony Interactive Entertainment and RTS, a new venture born out of Endeavor’s esports business, have acquired the assets and properties of the Evolution Championship Series (Evo), the world’s largest fighting game event, from Triple Perfect Inc., through a joint venture esports partnership, a news release said. Through this new partnership, Tony and Tom…
Revenio acquires Australian CERA Technologies (Oculo) for AUD 18.5 million
HELSINKI: Revenio Group has signed an agreement to purchase the entire share capital of the Australian CERA Technologies Pty Ltd (Oculo), a company specialized in developing software designed to share clinical imaging, referrals, and other clinical correspondence securely and instantly between health care professionals. The sellers are several Australian investors and the company’s shareholding employees….
Everfuel announces plan for Norwegian hydrogen fueling network
HERNING: Everfuel A/S announced the company’s H2 station roll-out plan for southern Norway with an ambition of having up to 15 strategically positioned fueling sites for zero-emission transport of goods and people operational by end of 2023. The plan is part of the Everfuel’s Scandinavian green hydrogen fueling strategy for trucks, buses and cars connecting…
HeiQ Viroblock signs agreement with ICP
LONDON: HeiQ has signed an Exclusive Licence and Chemicals Supply Agreement with ICP Industrial Inc, a division of ICP Group. The two companies have signed a five year contract (US$8m in the first two years, at which point the contract is subject to renewal) which is expected to deliver US$30m of royalty revenue to the…
Halfords Group to acquire Universal Tyre and Autocentres for £15 million
LONDON: Halfords Group has reached agreement to acquire Universal Tyre and Autocentres, a well-established motoring services provider in the South East of the UK, for consideration of £15 million, a news release said. Approximately £9 million of the purchase price relates to the acquisition of real-estate and the net cash position of the business, with…
ldox selling its Netherland based Grants Consultancy business €8.14 million
LONDON: ldox plc has agreed to the disposal of its Netherlands based Grants Consultancy and databases business, to an affiliate of SilverTree Equity Partners, a leading software and technology focused private equity firm. The deal is expected to complete by 6 April 2021, and total consideration of up to €8.14 million comprises an initial €4.25m…
AVEVA completes acquisition of OSIsoft
LONDON: AVEVA, a global leader in engineering and industrial software, announced successful completion of the acquisition of OSIsoft. The acquisition enhances AVEVA’s ability to accelerate the digital transformation of the industrial world. In connection with Completion, 13,655,570 ordinary shares of 3 5/9 pence each in the capital of the Company (the ‘Consideration Shares’) were allotted…
Xcovery appoint Giovanni Selvaggi as Chief Executive Officer
PALM BEACH GARDENS: Xcovery Holdings Inc. announced that Giovanni Selvaggi, M.D., has been appointed as the Chief Executive Officer (CEO), replacing Li Mao, M.D., who is leaving for personal reasons. Dr. Selvaggi will also continue as Xcovery’s Chief Medical Officer (CMO). “Giovanni is the right leader for Xcovery,” said Lieming Ding, M.D., Chairman of the…
Starbreeze enters co-publishing agreement with Koch Media for 2023 PAYDAY 3 launch
STOCKHOLM: Starbreeze AB announced a global co-publishing deal with the leading European publishing partner Koch Media GmbH for the highly anticipated PAYDAY 3. The agreement provides for an estimated total investment exceeding 50 MEUR for both development and marketing of PAYDAY 3 including more than 18 months of post-launch “Games as a service”, meaning continuous…