OSLO: Zwipe and VeriTech, the leading payment and banking technology solutions provider in Kuwait, have partnered to address the growing demand for biometric payment solutions in Kuwait and across the Middle East. VeriTech is the market leading provider of EMV payment card personalization, self-service kiosks, POS and Mobile NFC and Host Card Emulation to banks…
Hg announces an investment in Benevity
CALGARY: Benevity Inc., a global leader in corporate purpose cloud software, has secured an investment from Hg, a leading global software investor. Hg’s investment is expected to further accelerate and scale Benevity’s pioneering leadership in this category. HgCapital Trust plc will invest approximately £27.3 million in Benevity, with other institutional clients of Hg investing alongside…
Everfuel to distribute green hydrogen from Siemens Gamesa pilot project
HERNING: Everfuel A/S has signed an agreement with Siemens Gamesa for distribution of green hydrogen for zero emission mobility in Denmark. The green hydrogen will be produced by a Siemens Gamesa wind turbine connected to an electrolyzer with the ability to operate in ‘island mode’ – driving an electrolysis unit with no link to the…
SDI Group announces acquisition of Monmouth Scientific Limited
LONDON: SDI Group plc announced the acquisition of Monmouth Scientific Limited, a UK manufacturer of biological safety cabinets, fume cupboards, laminar flow cabinets and cleanrooms. Total consideration, including earnout, is forecast to be approximately £5.8 million, net of cash acquired. The Acquisition is in line with the Group’s strategy of acquiring businesses with complementary scientific…
Cohort Plc completes acquisition of Wärtsilä ELAC Nautik GmbH
LONDON: Cohort plc announced that the acquisition of Wärtsilä ELAC Nautik GmbH has now completed. German government approval for the transaction was granted in November and the other closing conditions were subsequently met. The acquisition, which has a headline price of €11.25m, is being funded from existing cash resources and the Group’s banking facilities. Wärtsilä…
Downer completes $1.4 billion sustainability linked loan facility
SYDNEY: Downer EDI Limited announced it has successfully completed the refinancing of the Group’s debt platform with the establishment of a new $1.4 billion syndicated sustainability linked loan facility. The new committed facility comprises three, four, five and six year tranches, and has been structured to enhance the debt maturity profile, reduce average borrowing costs…
Matthew van Deventer becomes GM Technology and Delivery of Trustpower Limited
AUCKLAND: Trustpower Limited announcesdthat Matthew van Deventer will become GM – Technology and Delivery from 3 December 2020. This is an interim appointment with a permanent appointment expected in the first half of 2021. CEO, David Prentice says, “We are delighted to take the opportunity to promote someone of Matt’s talent and potential to the…
Tower Limited reaches agreement for Club Marine boat customers
SYDNEY: Kiwi insurer Tower Limited has secured a referral agreement for Club Marine’s Pleasure Craft Insurance customers, with the potential of adding another 15,000 risks and $8m in Gross Written Premiums to Tower’s business. Under the agreement, Tower will offer Boat Insurance policies to Club Marine’s New Zealand customers on their renewal, as well as…
Steele Compliance Solutions acquires info4c
SAN FRANCISCO: Steele Compliance Solutions Inc. has announced the acquisition of info4c. info4c delivers the most trusted and robust Politically Exposed Person, State Owned Entity, Sanction Lists and Watchlists & Blacklists databases available. This acquisition positions Steele’s patented AI-driven platform, Risk Intelligence Data, as the most comprehensive source for real-time, high-quality risk and compliance data…
Rodgers Silicon Valley Acquisition Corp. announces $200 million IPO
WOODSIDE: Rodgers Silicon Valley Acquisition Corp. announced the pricing of its initial public offering of 20 million units at an offering price of $10 per unit, with each unit consisting of one share of common stock and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of…
Columbia Care completes $52.5 million acquisition of Project Cannabis
NEW YORK: Columbia Care Inc. has completed its acquisition of Project Cannabis, a leading cannabis cultivator, wholesaler and retailer based in Los Angeles, California. Total transaction consideration includes approximately $52.5 million in Columbia Care stock and an additional consideration of $16.5 million anticipated to be paid to the sellers from the proceeds of a subsequent…
Neovia Logistics to acquire Temmel Logistik Center
IRVING: Neovia Logistics has entered into an agreement to acquire Temmel Logistik Center (TLC), an Austria-based provider of automotive manufacturing inbound logistics support services, a news release said. The transaction is expected to close in early 2021 pending regulatory clearance. “We believe TLC will be an outstanding addition to the Neovia lineup, particularly in the…