LYNGBY: Maersk Drilling has received a conditional letter of award (CLOA) from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana. The duration of the final contract is around four years with expected commencement in Q2…
PayPoint completes £70 million acquisition of Handepay and Merchant Rentals
LONDON: PayPoint has completed the acquisition of Handepay Limited and Merchant Rentals Limited, after receiving regulatory and other customary approvals. The cash consideration for the acquisition is £70 million on a cash free debt free basis, after closing balance sheet adjustments. The acquisition of Handepay/Merchant Rentals significantly enhances PayPoint’s existing cards business, with a 30,000-strong…
Marlowe notifies acquisition of Hadrian Technology for £3.8 million
LONDON: Marlowe plc, the UK leader in business critical services and software, has acquired Hadrian Technology Limited (HTL) for an expected enterprise value of £3.8 million, a news release said. HTL, founded in 1999, is a leading provider of CCTV and loss prevention technology solutions across the UK and Ireland. Hadrian implements CCTV solutions, operating…
JLEN acquires Codford Biogas for an initial upfront payment of £19.8 million
LONDON: JLEN Environmental Assets Group notified the acquisition of a 100% equity stake in Codford Biogas Limited (CBL). CBL holds the rights and operational assets that make up the Codford anaerobic digestion (AD) plant, a 100,000 tonnes per annum food waste permitted plant based in Wiltshire, UK. The acquisition is structured as an initial upfront…
Ecofin completes acquisition of seed investments
LONDON: Ecofin U.S. Renewables Infrastructure Trust (RNEW) has now completed the acquisition of all four seed investments described in its prospectus dated 11 November 2020. Within just over one month from admission, the Company has therefore now invested approximately 50% of the net IPO proceeds. The aggregate consideration payable for the fourth seed investment, is…
Checkit plc announces acquisition of Tutela LLC
LONDON: Checkit plc announced the acquisition of the entire issued share capital of its US based sole distributor Tutela Monitoring Systems LLC including cash of approximately $0.25m in Tutela as at the date of completion for a total upfront cash consideration of $0.85 million. The acquisition has been funded from the Group’s existing cash resources….
EnQuest PLC to purchase Suncor Energy’s entire equity interest in Golden Eagle for $325 million
LONDON: EnQuest PLC has signed an agreement with Suncor Energy UK Limited to purchase Suncor’s entire 26.69% non-operated equity interest in the Golden Eagle area, comprising the producing Golden Eagle, Peregrine and Solitaire fields for an initial consideration of US$325 million. EnQuest Chief Executive, Amjad Bseisu, said: “We are delighted we have agreed the acquisition…
Cellular Goods Plc intends to list on LSE
LONDON: Cellular Goods PLC, a UK-based provider of premium consumer products based on biosynthetic cannabinoids, announced its intention to join the main market of the London Stock Exchange this spring. Cullular Goods is backed by David Beckham. The flotation is expected to value Cellular Goods at approximately £20m and will make it the first LSE-listed…
Petrofac secures $300 million petroleum development Oman contracts
LONDON: Petrofac Limited has been awarded two contracts, together worth around US$300 million through Petroleum Development Oman (PDO). The first is a direct EPC contract for PDO’s Marmul Main Production Station (MMPS) – Gas Compression project. The scope of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning, start-up and initial operational…
Securitas launches business transformation in Europe and Ibero-America
STOCKHOLM: Securitas AB continues strategy execution by launching business transformation in Europe and Ibero-America The business transformation of Security Services Europe and Security Services Ibero-America targets an increase of the operating margin in the segments to around 6.5 percent and 6.0 percent respectively, upon completion in 2024. In 2019, Securitas launched two major transformation programs…
Netsmart acquires GPM to enhance provider digitization and mobile workflows
OVERLAND PARK: Netsmart announced the acquisition of GPM, a North Carolina-based Software-as-a-Service technology and services company. This acquisition extends the Netsmart CareFabric platform to deliver interoperable data sharing between long-term care facilities and the providers that treat and coordinate care for their residents. “GPM is a great addition to the Netsmart family,” said Netsmart CEO…
NOG acquires assets in Appalachian Basin from Reliance’s subsidiary
MINNEAPOLIS: Northern Oil and Gas Inc. (NOG) has entered into a definitive agreement to acquire certain non-operated assets in the Appalachian Basin from a subsidiary of Reliance Industries Ltd, a news release said. At the effective date of July 1, 2020, the Assets were producing approximately 120 MMcfe/d of natural gas equivalents, net to Northern’s…