TORONTO: Drone Delivery Canada Corp. and Volatus Aerospace Corp. have announced a definitive business combination agreement, marking a significant merger of equals. The new entity will operate under the name Volatus Aerospace Corp. and is set to continue trading on the TSX Venture Exchange under the ticker “FLT”, pending regulatory approval. The merger, unanimously approved…
Cochlear acquires Demant’s cochlear implant business
SYDNEY, AUSTRALIA: Cochlear Limited, a global leader in implantable hearing solutions, today announced the completion of its acquisition of the Oticon Medical cochlear implant business from Demant, with all required conditionality satisfied. Following Demant’s decision to discontinue its efforts in hearing implants, Cochlear has acquired Demant’s cochlear implant business for a zero headline purchase price….
EFG Hermes acquires stakes in Danish fintech Kenzi Wealth
CAIRO: EFG Hermes, the premier investment bank in the MENA region and a subsidiary of EFG Holding, has announced the acquisition of a minority stake in the Danish digital wealth management firm, Kenzi Wealth. This strategic investment is set to transform the landscape of personalized, digital investment solutions. EFG Hermes has also signed a memorandum…
Crossword Cybersecurity plc
Crossword Cybersecurity offers a range of cyber security solutions to help companies understand and reduce cyber security risk through a combination of people and technology, in the form of SaaS and software products, consulting, and managed services. Crossword’s areas of emphasis are cyber security strategy and risk, supply chain cyber, threat detection and response, and…
Stuart Jubb to be new CEO of Crossword Cybersecurity Plc
LONDON, UK: Crossword Cybersecurity Plc (AIM:CCS), the cybersecurity solutions company focused on cyber strategy and risk, announced that with effect from 1 August 2024, Tom Ilube, Crossword’s current CEO, will step up to non – executive Chair and Stuart Jubb, who is currently Group Managing Director, will take on the CEO role. The current Chair,…
Advanced Energy Industries proposes to acquire XP Power Limited for £468 million
LONDON, UK: Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in precision power conversion, has made a public offer to acquire XP Power Limited (LSE: XPP). The offer, detailed in a series of escalating bids, culminated in a £19.50 per share cash proposal, valuing XP Power’s equity at a staggering £468 million. The journey…
CVS Group announces disposal of non-core operations in the Netherlands and Ireland
LONDON: CVS Group Plc, the UK listed veterinary group and a leading provider of veterinary services announced the disposal of its non-core operations in the Netherlands and the Republic of Ireland. In light of the Group’s significant investment opportunities in Australia and through capital expenditure in its existing UK operations, CVS has reviewed its Netherlands…
AstraZeneca to deliver $80 billion revenue by 2030
LONDON: AstraZeneca revealed its bold ambition to deliver $80 billion in Total Revenue by 2030, up from $45.8 billion in 2023. This will be achieved through significant growth in its existing oncology, biopharmaceuticals and rare disease portfolio, and by launching an expected 20 new medicines before the end of the decade. To drive sustained growth…
Power Metal Resources acquires 75% stake in GSAe
Power Metal Resources, a London-listed exploration company, has completed the acquisition of a 75% stake in GSAe, a technology provider specializing in the extraction of critical metals from secondary sources. The deal, initially announced on February 29, 2024, follows successful due diligence and the execution of the Share Purchase Agreement. GSAe, founded in 2003, is…
Halliburton boosts local content in Africa, seeks interest in oil & gas ventures
JOHANNESBURG: Multinational oil service company Halliburton has taken a significant step toward enhancing local participation in the oil and gas sector. The company is inviting eligible local businesses to submit an Expression of Interest (EOI) for the supply of goods and services across various categories within the industry. This move aims to assess local interests…
Callinex Mines signs agreement to acquire 100% interest in the Alberts Lake Project
VANCOUVER, BC: Callinex Mines Inc. has announced the signing of an option agreement with Voyageur Mineral Explorers Corp. to acquire a 100% interest in the Alberts Lake Project. This acquisition is part of a broader initiative to expand the company’s flagship Pine Bay Project, which now spans over 11,859 hectares in the prolific Flin Flon…
Grayscale Investments appoints Peter Mintzberg as CEO
STAMFORD: Grayscale Investments, the world’s largest crypto asset manager, today announced the appointment of Peter Mintzberg as Chief Executive Officer, effective August 15, 2024, at which time Mintzberg will also join Grayscale’s Board of Directors. Peter Mintzberg succeeds Michael Sonnenshein, who has stepped down from the position to pursue other interests. In the intervening period,…