SYDNEY: Turners Automotive Group, Collaborate Corporation’s third largest shareholder, has launched Turners Subscription in New Zealand. The car subscription proposition is supported by the Carly subscription platform under a licensing agreement and follows Turners’ $1 million strategic investment in Collaborate in July 2019. Turners has committed to supply a minimum of 200 vehicles to the…
Belgium-based fintech company Unifiedpost lists on Euronext Brussels
BRUSSELS: Belgium-based fintech company Unifiedpost began trading on Euronext Brussels (Compartment B), with an initial market capitalisation of €608 million. Unifiedpost is the second Belgian alumni of TechShare, Euronext’s pre-IPO programme, to go public. Based in La Hulpe (Belgium), Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time…
Hg selling A-Plan Group to Howden insurance broking group
LONDON: Hg, the Manager of HgCapital Trust plc (HGT), announced the sale of A-Plan Group (APG), one of the UK’s largest specialist insurance intermediaries, to Howden, the international insurance broking group. Hg partnered with APG in 2015, recognising the business’ best-in-class customer success model – a personal, service-oriented approach, leading to very high levels of…
Uniphar announced the acquisition of Diligent Health Solutions
DUBLIN: Uniphar plc announced its acquisition of US-based, Diligent Health Solutions (DHS), which completed earlier this week. DHS is a US-based healthcare communications company, providing enhanced contact centre services, focused on the delivery of medical information to patients, healthcare practitioners and payors. The acquisition is highly complementary to Uniphar’s footprint and present capabilities and will…
Strix signs conditional agreement to acquire LAICA
LONDON: Strix Group Plc has entered into a conditional agreement to acquire, through its newly incorporated indirect subsidiary, Strix Italy S.r.l., the entire share capital of LAICA S.p.A for an initial consideration of approximately €19.6 million. The purchase consideration comprises approximately €11.6 million in cash and €8.0 million in Strix ordinary shares, with up to…
Staffline Group appoints Albert Ellis as Chief Executive Officer
LONDON: Staffline Group has announced the appointment of Albert Ellis, currently Non-executive Director, as Chief Executive Officer with effect from 1 October 2020. Staffline is the UK’s market leading Recruitment and Training group. Albert was appointed to the Board of Staffline in March 2020 and has extensive executive level experience in the recruitment and human capital…
NES Global Talent (NES), Fircroft Group
OSLO: NES Global Talent (NES), in which Akastor holds an economic interest of around 17%, has entered into an agreement to combine its business with the Fircroft Group. The transaction represents a strategic alignment to create one of the leading human capital solutions business for engineering and technical talent globally. The combined entity will be…
Santa Fe Farms acquires FathomNM’s post cultivation services
ALBUQUERQUE: Santa Fe Farms has acquired FathomNM’s post cultivation services as part of its overall Hemp operations in New Mexico, a news release said. Santa Fe Farms is a leader in the production, extraction, manufacturing, and distribution of THC-free, Hemp-based phyto-cannabinoids. FathomNM, LLC CEO Jeff Apodaca has joined Santa Fe Farms as both Vice Chairman…
Bristol Myers Squibb completes acquisition of Forbius
NEW YORK: Bristol Myers Squibb has successfully completed its transaction to acquire Forbius for their TGF-beta program, including its lead investigational asset AVID200, currently in Phase 1 for oncology and fibrosis. “We are pleased to complete the transaction with Forbius and add their TGF-beta program to our growing pipeline of innovative assets,” said Rupert Vessey,…
Hewlett Packard completes $925 million acquisition of Silver Peak
SAN JOSE: Hewlett Packard Enterprise (HPE) has completed the acquisition of Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, in a transaction valued at $925 million. Silver Peak will become a part of Aruba, a Hewlett Packard Enterprise company. The acquisition will strengthen Aruba ESP (Edge Services Platform), helping to advance enterprise cloud transformation…
Matt Roney appointed CEO of Lumileds
SAN JOSE: Lumileds, a global leader in innovative lighting solutions, has appointed Matt Roney as the company’s Chief Executive Officer, effective October 1, 2020, a news release said. Roney most recently served as President of Lumileds’ Automotive Business Unit and succeeds Dr. Jonathan Rich who will continue with the company as Executive Chairman of the…
SGX and NSE India progress on NSE IFSC-SGX Connect
SINGAPORE: Singapore Exchange (SGX) and National Stock Exchange (NSE) of India have entered into a formal agreement to cement the key terms for operationalising the NSE IFSC-SGX Connect which will bring together international and Gujarat International Finance Tec-City (GIFT) participants to create a bigger liquidity pool for Nifty products in GIFT City. Both NSE and…