SALINAS: Indus Holdings Inc., a vertically integrated cannabis company, announced that it has entered into a Letter of Intent (LOI) to lease a neighboring facility to host expanded cultivation operations. The LOI contemplates a 20-year lease with a 5-year extension option. “This contemplated expansion is not just another leg in our journey towards becoming the…
SHUAA and Arton partner to encourage foreign direct investment in high growth markets
DUBAI, UAE: SHUAA Capital announced its new partnership with Arton Capital, the leading global expert advisory specializing in investment-based social impact programs, to encourage foreign direct investment through the establishment of real estate development funds focused on high growth markets. Leveraging SHUAA’s expertise in asset management and real estate development and Arton Capital’s experience in…
AFT Pharmaceuticals establishes subsidiary in Ireland
AUCKLAND: AFT Pharmaceuticals has announced the establishment of a new subsidiary in Ireland, to drive the growth of the company’s products in Europe. AFT has appointed Eddie Townslie, an experienced pharma executive, as the local director of AFT Pharmaceuticals Europe. Mr Townslie is also Managing Director of Ireland’s JED Pharma, which has been appointed the…
Downer EDI to sell blasting services business to Enaex for $62 million
WELLINGTON: Downer EDI Limited has entered into an agreement to sell its blasting services business (Downer Blasting Services) to Enaex S.A. The sale price represents an enterprise value of $62 million. Enaex S.A. is a subsidiary of the Chilean company Sigdo Koppers Group, which has operations in five continents, and is the largest producer of…
SCEE to acquire Trivantage for an enterprise value of up to $53.5 million
SYDNEY: Southern Cross Electrical Engineering Limited (SCEE) has executed a Share Purchase Agreement to acquire 100% of Trivantage Holdings Pty Ltd from the current shareholders for an enterprise value of up to $53.5 million on a debt free basis. Completion is expected to occur in mid-December 2020. With over 50 years of operational experience, Trivantage…
Andrea Sutton appointed on the board of Red 5 Limited
SYDNEY: Board of Red 5 Limited confirmed that Andrea Sutton has been appointed as an independent non-executive director of the Company. Ms Sutton has over 25 years’ experience with Rio Tinto and ERA. Between 2013 and 2017, Ms Sutton was Chief Executive and Managing Director of Energy Resources of Australia, then a Non-Executive Director from…
Mosman’s Falcon-1 well successfully completed, tested and ready to produce
LONDON: Mosman Oil and Gas Limited has announced successful testing at the Falcon-1 well at the Champion Project in East Texas. In October 2020 Mosman announced the completion of drilling of Falcon-1 following which, the well has been cased and completed. Mosman has a 50% working interest in this well, the royalties are 25% and…
ADS Services acquires PowerChokes from Expro Group
HOUSTON: ADS Services LLC, a Black Bay Energy Capital portfolio company, announced the acquisition of the PowerChokes business unitfrom Expro Americas LLC, a part of the Expro Group. ADS is the Permian Basin leader for cost-effective, reliable, safe, and fully traceable managed pressure drilling (MPD) systems. The acquisition of PowerChokes significantly enhances the ADS geographic…
Total to operate 2,300 EV charge points of the Bélib’ Network in Paris
PARIS: Total SE has won the City of Paris’ concession tender for the modernization and extension of its public Electric Vehicles (EV) charge points network, installed throughout the French capital city, a news release said. The Council of Paris awarded to Total the management of its on-street public network for the 10 coming years. This…
PureFacts Financial Solutions acquires Quartal Financial Solutions
TORONTO: PureFacts Financial Solutions has acquired Quartal Financial Solutions, Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries, a news release said. This acquisition further strengthens PureFacts’ ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee clients. Additionally, the combined organization expands the company’s…
Snowflake announces global startup challenge to fuel next generation of apps in the data cloud
SAN MATEO: Snowflake, creator of the Data Cloud, announced its first-ever global Startup Challenge. The Startup Challenge invites early stage organizations that are building applications in the Snowflake Data Cloud to showcase their innovations via online submission, for a chance to be one of three finalists that will pitch to an audience of judges at…
Chairman and CEO Scott Wine to leave Polaris Inc.
MINNEAPOLIS: Polaris Inc. announced that Chairman and CEO Scott Wine will leave Polaris to assume the CEO role at CNH Industrial. Wine will remain in his current role at Polaris through the end of the year as the Board executes its succession plans. Transition plans will be announced at a later date. “For the last…