PARIS: Mobilize, a Renault Group brand dedicated to new mobilities, and Free To X, a subsidiary of Autostrade per l’Italia, have announced a transaction that aims to accelerate the deployment of a high-power charging network across Italy. Through this project, Mobilize is set to acquire a significant stake in Free To X, Autostrade per l’Italia’s…
Thruvision Group to explore strategic options including formal sale process
LONDON: Thruvision Group plc (AIM: THRU), an international provider of walk-through security technology, announced a strategic review and the potential launch of a formal sale process aimed at maximizing value for shareholders, employees, and other stakeholders. Despite advancements in technology and efforts to bolster sales capabilities following the divestment of the Digital Barriers video division…
JD Sports reports robust performance in challenging market
LONDON: JD Sports Fashion Plc, a leading global retailer of sports, fashion, and outdoor brands, announced a pre-close trading update on Tuesday, covering the nine weeks ending Jan. 4, 2025. Despite market headwinds, CEO Régis Schultz reported a 3.4% increase in organic revenue for the period. “Considering the current headwinds in the market, we performed…
Gamma to acquire SF Technologies Holding GmbH (STARFACE) for €196 million
Gamma completes acquisition of STARFACE LONDON: Gamma Communications has reached an agreement to acquire the entire issued share capital of SF Technologies Holding GmbH (STARFACE). STARFACE is being acquired, excluding transaction costs, for a cash payment of €196m (c.£165m) for the purchase of 100% of the equity of the Company on a debt-free / cash-free…
Elecosoft Ltd has acquired PEMAC for up to €8.4 million
LONDON: Eleco’s subsidiary Elecosoft Ltd has acquired 100% of the share capital of PMI Software Ltd (PEMAC) from principal seller Pemac Software Ltd for an initial consideration of c.€6.0m exclusively financed by the company’s own cash resources. The transaction terms also provide for additional earn-out consideration of up to €2.4m payable in two tranches in…
Hiphen acquires Aurea Imaging’s drone phenotyping operations
AVIGNON: Hiphen and Aurea Imaging, leaders in remote sensing, computer vision, and AI for agriculture, announced a significant acquisition on Monday. Hiphen will acquire Aurea Imaging’s drone phenotyping operations, enhancing its position as a top provider of advanced drone image analytics for crop science and agriculture globally. Established in 2014 and based in Avignon, France,…
Drake and Scull, El Amar Group collaborate in Egypt and Saudi Arabia
DUBAI: Drake and Scull International PJSC (DSI), a leader in mechanical, electrical, and plumbing (MEP) contracting services, as well as oil and gas, water, and wastewater treatment projects, has signed a strategic Memorandum of Understanding (MoU) with El Amar Group, a prominent real estate development and infrastructure company. The agreement aims to explore and collaborate…
Al Ansari Financial Services partners with Abhi Middle East for enhanced financial solutions
DUBAI: In a strategic move poised to transform the financial landscape, Al Ansari Financial Services PJSC (DFM: ALANSARI) has announced a partnership with Abhi Middle East Limited, the largest embedded finance platform in the region, backed by Hub71 and the Abu Dhabi Investment Office (ADIO). This collaboration aims to broaden the financial solutions available to…
Macfarlane Group acquires Pitreavie Group for £18 million
LONDON: Macfarlane Group PLC has announced the acquisition of The Pitreavie Group Limited for a maximum cash consideration of £18.0 million. This deal includes an earn-out of up to £4.0 million over two years, reflecting Macfarlane’s strategy to enhance its protective packaging business through both organic and acquisitive growth. Pitreavie, founded in 2005, specializes in…
GSK enters agreement to acquire IDRx Inc for up to $1.5 billion
LONDON: GSK plc (LSE/NYSE: GSK) and IDRx Inc. have entered into an agreement under which GSK will acquire IDRx, a Boston-based, clinical-stage biopharmaceutical company dedicated to developing precision therapeutics for the treatment of GIST. Under the agreement, GSK will pay $1 billion upfront, with potential for an additional $150 million success-based regulatory approval milestone payment….
DBAY and ERES IV Fund offers to acquire Alliance Pharma for 62.5 pence per share
LONDON: DBAY Affiliates and the ERES IV Fund have agreed to acquire Alliance Pharma for 62.5 pence per share in cash, valuing Alliance at approximately £349.7 million on a fully diluted basis. Shareholders can opt for cash or exchange shares for loan notes, converting to B ordinary shares in Midco. DBAY aims to delist Alliance, citing the…
RTW Biotech Opportunities invests in Alesta Therapeutics’ €65 million series A round
LONDON: RTW Biotech Opportunities Ltd, a London Stock Exchange-listed investment company focusing on high-growth potential assets in the life sciences sector, has announced a new investment in Alesta Therapeutics. The Netherlands-based biotechnology firm, Alesta, is dedicated to developing novel oral small molecule therapies for rare, underserved diseases. Alesta Therapeutics recently completed a €65 million (US$67…