SAO PAOLO: Golden Agri-Resources (GAR), one of the leading integrated palm oil producers in the world, is enhancing its sugar trading business by incorporating a fully owned subsidiary in Sao Paolo, Brazil: Golden Agri-Resources Brasil Sociedade Limitada Unipessoal (GAR Brazil). GAR’s European sales team identified complementary merchandising opportunities in sugar, aligned with its existing palm…
Forward Air Corp acquires Value Logistics for $2.25 million
GREENEVILLE: Forward Air Corporation has entered into an agreement to acquire the assets of Value Logistics Inc., a privately held intermodal drayage provider for $2.25 million. Value Logistics generates approximately $6 million in annual revenue. The transaction will be funded from cash on hand and will close in October 2020. Forward Air Corporation is executing…
Accenture acquires New Zealand-based SAP and cloud solutions technology firm Zag
AUCKLAND: Accenture has acquired New Zealand-based SAP and cloud solutions technology firm Zag, a news release said. Terms of the transaction are not being disclosed. The acquisition will bolster Accenture’s New Zealand and Australian digital transformation capabilities to meet increased demand from organisations migrating to the cloud and SAP’s next generation products. Zag has offices…
Curtis Banks completes acquisition of Talbot and Muir Limited
LONDON: Curtis Banks, one of the UK’s leading SIPP providers, is pleased to announce that the pre-conditions to the acquisition of Talbot and Muir Limited, including receipt of approval from the Financial Conduct Authority, have been satisfied. Completion of the acquisition will occur on 30 October 2020. Will Self, CEO of Curtis Banks, said: “I…
Oncimmune announces UK Government funding for tool for use in COVID-19
LONDON: Oncimmune Holdings announced the award of funding from the ‘UK Research and Innovation (UKRI) Ideas to Address COVID-19’ programme, to support a joint collaboration between Oncimmune and Medicines Discovery Catapult to deliver the IMmunity Profiling of pAtients with COVID-19 for Therapy and Triage (IMPACTT) programme. This collaboration represents a critical partnership in response to…
BHP to acquire an additional 28% working interest in Shenzi from Hess
LONDON: BHP Group announced that it has signed a Membership Interest Purchase and Sale Agreement with Hess Corporation to acquire an additional 28 per cent working interest in Shenzi, a six-lease development in the deepwater Gulf of Mexico. Shenzi is structured as a joint ownership: BHP (Operator, 44 per cent interest); Hess (28 per cent…
Xpediator acquires UK based freight forwarder Nidd Transport for £4.6 million
LONDON: Xpediator Plc, a leading provider of freight management services across the UK and Central and Eastern Europe, has acquired the UK-based international groupage freight forwarder and operator, Nidd Transport Ltd for £4.6 million, a news release said. Founded by Tony White 36 years ago the business has evolved and developed a strong reputation for…
Donard Gaynor appointed Chairman of Glanbia Plc Board
LONDON: Glanbia plc, the global nutrition group, is appointing Independent Non-Executive Director, Donard Gaynor, as Chairman in place of Martin Keane with effect from 8th October 2020. Martin will remain on the Board of the Company until his normal retirement at the 2021 AGM. Donard Gaynor has been a director of Glanbia plc since March…
CareTech Holdings acquires Smartbox Assistive Technology in a £10.6 million deal
LONDON: CareTech Holdings has completed the acquisition of a majority holding in Smartbox Assistive Technology Limited and associated subsidiaries, and Sensory Software International Ltd (collectively “Smartbox”). As part of the aforementioned strategy for CareTech’s digital roadmap, the Group has identified diagnostic assistive technology and behavioural assessment solutions as priority areas for technology investment and adoption….
Nigeria’s insurance market offers significant potential despite headwinds
LONDON: Nigeria’s substantial oil and gas reserves, its young and growing population and its position as Africa’s largest economy continue to point to significant development potential for its insurance sector. However, Nigeria has failed to deliver on that potential historically due in part to the volatility of growth in the country’s real gross domestic product…
GCAC strengthens medical cannabis efficacy platform with Purity-IQ biotechnology
VANCOUVER: Global Cannabis Applications Corp. (GCAC) has signed a Memorandum of Understanding (MOU) with Purity-IQ Incorporated of Canada to integrate the Purity-IQ Cannabis Authenticity and Purity Standard (CAPS) and its Fingerprint technology with the GCAC efficacy platform; with a focus on the Canadian medical cannabis and adult-use markets, which are forecast to grow to CA$4.1…
Blockchain Foundry signs agreement with GDPR compliance solution provider
TORONTO: Blockchain Foundry Inc., a leading North American blockchain development firm, has entered into a blockchain development agreement with a client in the General Data Protection Regulation (GDPR) compliance space. The initial phase of the Agreement is valued at approximately $50,000 and will last for approximately four weeks. General Data Protection Regulation (GDPR) is a…