CAIRO: Telecom Egypt announced its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a harp. It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure. Through HARP, Telecom Egypt will offer…
DMGT acquires New Scientist for £70 million cash
LONDON: Daily Mail and General Trust plc (DMGT) announced that dmg media, its Consumer Media business, has acquired New Scientist from a consortium of individual investors led by Sir Bernard Gray, for £70 million cash consideration. New Scientist has a large and growing international readership, with a weekly circulation of approximately 120,000, of which just…
Eesti Energia acquires renewable development company in Estonia
TALLINN, ESTONIA: Enefit Green AS, a fully owned subsidiary of Eesti Energia AS, signed an agreement to acquire the shares of an Estonian wind park developer Raunistal. The acquisition consideration payable is confidential according to the agreement between the seller and the buyer. With the acquisition Enefit Green will also acquire and complete the development…
JLEN acquires Gigabox South Road Limited (GSRL)
LONDON: JLEN Environmental Assets Group Limited has acquired 100% equity stake in Gigabox South Road Limited (GSRL). GSRL holds the development rights to construct the West Gourdie project, a 50MW lithium-ion battery energy storage plant based in Dundee, UK. The acquisition will see JLEN invest up to £21.2m over the next 12-15 months. The West…
WPP Plc acquires mobile technology provider NN4M
LONDON: WPP Plc announced that Wunderman Thompson has acquired NN4M, a leading mobile commerce partner for global brands. Offering innovative and cutting-edge commerce services for retailers, NN4M provides its clients with connected, experience-driven solutions across mobile and in-store channels. The acquisition is in line with WPP’s accelerated growth strategy and focused M&A approach to build…
Coral Products acquires Customised Packaging Limited for £1.25 million
LONDON: Coral Products plc has acquired the entire issued share capital of Customised Packaging Limited (CPL) for a net consideration of £1.25 million. The acquisition consideration comprises £883,956.25 to be satisfied in cash and £366,043.75 to be satisfied by the issue of 3.327 million new ordinary shares to the vendors of CPL at a price…
Solid State acquires Willow Technologies and its subsidiaries for £10 million
LONDON: Solid State plc announced the acquisition of Willow Technologies Limited and its subsidiaries for an initial consideration of £10 million, which, when adjusted for the cash on the balance sheet, results in an effective net initial consideration of approximately £5.5 million. The Company has acquired the entire share capital of Willow Technologies for an…
Gamma Communications acquires Mission Labs Limited for £40.2 million
LONDON: Gamma Communications has acquired the entire issued share capital of Mission Labs Limitedon 2 March 2021. This acquisition gives Gamma additional capabilities in the rapidly evolving markets of Cloud Contact Centre and Cloud Communications The acquisition of Mission Labs will enable Gamma to enhance and expand its cloud contact centre (CCaaS) technology. Gartner predicts…
Inspired Energy acquires BWS Holdco Limited, its subsidiary Businesswise Solutions and GEM
LONDON: Inspired Energy has completed the acquisitions of BWS Holdco Limited, and its trading subsidiary Businesswise Solutions Limited, and General Energy Management Limited (GEM), a news release said. Businesswise is an energy consultant based in Nelson, Lancashire which primarily provides assurance services and incremental optimisation services to its diverse corporate customer base across a broad…
HeiQ Plc to acquire 51% of Chrisal for €7.5 million
LONDON: HeiQ Plc has signed an agreement to acquire 51% of the share capital and voting rights of Chrisal N.V., Belgium for a consideration of €7.5 million, with €5.0 million payable in cash and €2.5 million through the issue of 1.101 million new ordinary shares by HeiQ. On completion, Chrisal will be renamed HeiQ Chrisal….
HeiQ Plc (LON: HEIQ)
HeiQ Plc (LON: HEIQ) is a pioneer and at the forefront of global technology in the $10 billion antimicrobial fabrics and $24 billion textile chemicals market. With the focus on materials and textile innovation, HeiQ has created some of the most effective, durable and high-performance technologies and textile effects in the market today, which cool,…
Schneider Electric to acquire 30% stake in Uplight Inc. for $1.5 billion
PARIS: Schneider Electric signed agreement to acquire a strategic minority stake in Uplight Inc., the technology partner of energy providers transitioning to clean energy, a news release said. The transaction values Uplight at c.$1.5 billion around 10x expected 2021 revenue. Uplight expects significant revenue growth in the coming years. Uplight, a certified B Corporation, has…