GRAZ, AUSTRIA: Ceres Power Holdings plc has signed a strategic collaboration with AVL List GmbH, a global powertrain engineering consultancy with a deep pedigree in fuel cell development, to accelerate customer adoption and product development of solid oxide fuel cell (SOFC) technology for numerous transportations, stationary or other applications. AVL List GmbH has 20 years…
JTC Plc announces acquisition of RBC Cees Limited
LONDON: JTC Plc announced the acquisition of CEES. Established in 2005, CEES is a market leading employee benefits platform with an internationally diverse blue-chip corporate client base. It offers a broad range of employee benefit plans and product structures, is expert in the administration of a number of asset classes and provides client support services…
XLMedia PLC acquires sports betting business of CBWG Sports
LONDON: XLMedia announced completion, on 9 December 2020, of its acquisition of the sports gaming and sports betting business of CBWG Sports. CBWG, which was formed early in 2020 through a combination of CB Sports and Warwick Gaming, is a highly successful and fast-growing digital media publishing group, based in the northeast United States, focused…
BiON enters solar power market with establishment of subsidiary and acquisition of solar assets
LONDON: BiON Plc has entered into the solar photovoltaic (PV) market with the establishment of BiON Suria Sdn Bhd, a solar-focused subsidiary, and its conditional acquisition of solar assets. This represents the first expansion of the Company’s activities into renewable energy sectors beyond biogas, in line with its stated strategy. BiON Suria has been established…
Spectris Plc announces divestment of Brüel & Kjær Vibro and Millbrook
LONDON: Spectris plc announced the divestment of its Brüel & Kjær Vibro (‘B&K Vibro’) and Millbrook businesses. Subject to the completion of these disposals, the proceeds will be used to further strengthen Spectris’ balance sheet and then be deployed in accordance with its capital allocation policy. Brüel & Kjær Vibro: Spectris has agreed with NSK…
Coinsilium to enter virtual asset and digital collectible market
LONDON: Coinsilium Group Limited’s wholly owned subsidiary Coinsilium (Gibraltar) Limited has concluded a Technical Development and Support Agreement with Vietnam-based RedFOX Labs Joint Stock Company, to support the creation of a range of Virtual Asset and Digital Collectible marketplaces and to facilitate the trading of Non-Fungible Tokens (NFTs) across various prospective market sectors. The Company…
HSBC Holdings announces proposed offering of additional Tier 1 securities
LONDON: HSBC Holdings plc has announced a proposed offering of a series of US dollar-denominated perpetual subordinated contingent convertible securities, subject to market conditions. Subject to the successful pricing of the Offering of the Securities (which is expected to occur on 10 December 2020, subject to market conditions), the Company intends to exercise its right…
360 Capital purchases 70% stake in Hotel Capital Partners
SYDNEY: 360 Capital Group has purchased a 70% interest in Hotel Capital Partners (HCP). HCP was initially established in 2000 by well regarded hotel investor and operator, Stephen Burt as a specialist hotel investor utilising third party capital to invest in hotels, hotel debt and management companies across the full spectrum of hotel classifications from…
Rhett Simonds appointed Group CEO & Managing Director of Simonds Group
MELBOURNE: Simonds Group has announced the retirement of Mr. Kelvin Ryan as Joint Chief Executive & Managing Director and the appointment of Mr. Rhett Simonds as Group CEO & Managing Director. This change will be effective from 1 January 2021.Kelvin Ryan retirement and appointment as Special Advisor Simonds Group Chairman, Mr. Iain Kirkwood, said: “The…
Stratasys Ltd to acquire Origin Inc in a $100 million deal
SAN FRANCISCO: Stratasys Ltd. signed an agreement to acquire 3D printing start-up Origin Inc. in a transaction for total consideration of up to $100 million, including cash and stock. The merger enables Stratasys to expand its leadership through innovation in the fast-growing mass production parts segment with a next-generation photopolymer platform. Subject to various approvals…
Ripcord acquires Engine ML
HAYWARD: Ripcord announced the acquisition of deep learning company Engine ML. Backed by Kleiner Perkins and Catapult, Engine ML builds distributed deep-learning infrastructure designed to scale. Now the integrated solution will enable leading brands in finance, insurance, retail and energy to quickly and easily unlock the power of their data and turn it into actionable…
Wattle Health’s Uganic expands to the Middle East
SYDNEY: Wattle Health Australia Limited has entered into a License Agreement with Verdure Nutrition Supplements Trading LLC (VNS) for Wattle’s organic infant formula range, Uganic, for the Middle Eastern market. The Agreement is for a 10-yearperiod giving VNS exclusivity for Uganic for the Middle Eastern market with customary commercial terms and conditions in line with…