LONDON: EQTEC plc has signed a Share Purchase Agreement (SPA) with Logik Developments Limited to acquire full ownership of the Deeside Refuse Derived Fuel (RDF) project from Logik through the acquisition of Logik WTE Limited. The Project is part of a portfolio of projects currently under review by a European owner-operator of waste to energy…
Maria Ramos appointed AngloGold Ashanti Chair
JOHANNESBURG: The Board of AngloGold Ashanti is pleased to advise that Independent Non-Executive Director Maria Ramos has been appointed chair of the Board. Ms Ramos succeeds Sipho Pityana who has resigned from the Board. These changes are with immediate effect. The Board notes the significant contribution made by Mr Pityana to the Company since his…
Mail.ru Group acquiring 25% stake in Uchi Group
LONDON: Mail.ru Group is investing in Uchi Group, Russia’s leading platform within the K-12 e-learning segment, a news release said. Uchi Group’s sales are expected to reach around RUB 3 bn in 2020, with nearly 3x growth YoY. Mail.ru Group is initially acquiring 25% of Uchi Group. The founders of Uchi Group will remain its…
Kaspi.kz launches online travel platform Kaspi Travel
ALMATY: Kaspi.kz announces the launch of its online travel platform, Kaspi Travel. Kaspi.kz’s more than 8.5 million users can now purchase domestic and international flights from over 700 airlines through the Kaspi.kz Super App. Mikheil Lomtadze, Kaspi.kz co-founder and CEO, commented: “Kaspi Travel is our latest product addition to the Kaspi.kz Super App. Our users…
Euromoney buys WealthEngine Inc. for $14.5 million
LONDON, UK: Euromoney Institutional Investor PLC, the global B2B information services provider of price discovery, essential market intelligence and events, announces the acquisition of WealthEngine Inc. for $14.5 million. WealthEngine is a SaaS platform providing data-driven intelligence and predictive analytics to wealth managers, luxury brands and not-for-profit organisations. It is a workflow tool which profiles…
Norwegian Air Shuttle files for a supplementary reconstruction process
OSLO: Norwegian Air Shuttle ASA, following the interim protection granted by the Irish courts on 18th November 2020, was yesterday on 7th December 2020 successfully made subject to the examinership process which is a cornerstone of the reorganization plan. Following this determination, Norwegian will now enter into a supplementary Norwegian reconstruction process, which enhances the…
Aurora acquiring Uber’s Self-Driving Unit, Advanced Technologies Group
PITTSBURGH: Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product safely, quickly, and broadly. “By adding the people and technology of Uber’s Advanced Technologies Group to the incredible…
Veritas to acquire Federal IT and Mission Support Services Business of Northrop Grumman for $3.4 billion
NEW YORK: Veritas Capital announced that an affiliate of Veritas has signed a definitive agreement to acquire the federal IT and mission support services business of Northrop Grumman for $3.4 billion in cash. The business expects to generate $2.3 billion in revenue in 2020. The business provides a wide range of advanced technology solutions including…
Adobe completes acquisition of Workfront
SAN JOSE: Adobe has announced the completion of its acquisition of Workfront, the leading work management platform for marketers with more than 3,000 customers and one million users. Adobe’s acquisition of Workfront will bring efficiency, collaboration and productivity gains to marketing teams currently challenged with siloed work management solutions. Both companies are established partners with…
ON Semiconductor names Hassane El-Khoury as Next CEO
PHOENIX: ON Semiconductor Corporation announced today that Hassane El-Khoury has been named as the company’s president, chief executive officer and member of its board of directors, effective Dec. 7, 2020. “Following a comprehensive internal and external search process, I want to welcome Hassane to ON Semiconductor,” said Alan Campbell, chairman of the board of directors….
TECO 2030 launches next-generation marine emission reduction system
OSLO: TECO 2030 has launched next-generation marine emission reduction system – The TECO 2030 Future Funnel – which is a revolutionary marine emission reduction system developed to comply with not only existing but even upcoming and far stricter regulations in the marine industry. “TECO 2030 Future Funnel is a unique concept of next generation marine…
World’s first rolling ultrasound scanner launched for commercial sale
OSLO: Elop AS has launched the world’s first rolling ultrasound scanner for commercial sale, a news release said. “For our shareholders, today’s commercial launch means that Elop’s gateway to revenues has opened,” says Kjersti Kanne, CEO of Elop. “The rolling ultrasound scanner – named Elop Insight – enables smart and unparalleled efficiency of scanning for…