LONDON, UK: SDCL Energy Efficiency Income Trust plc (SEEIT) has agreed to acquire a 100% interest in Värtan Gas Stockholm AB (VGSAB), the ultimate owner of the established, operational and regulated gas distribution network for Stockholm, Sweden, involving an equity investment of approximately £100 million. The VGSAB group owns and operates Stockholm’s regulated gas grid,…
Ceres and Doosan expand strategic collaboration, building mass manufacturing in Korea
HORSHAM: Ceres Power Holdings plc, Doosan Fuel Cell Co., and Doosan Corporation announced the signing of strategic collaboration and licence agreements. These include the building of an initial 50MW mass manufacturing facility for the manufacture under license of Ceres’ fuel cell stacks in South Korea. The value of the announced contract with Doosan Fuel Cell…
Judges Scientific acquires Korvus Technology Limited for £2.64 million
LONDON: Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, has acquired the entire issued share capital of Korvus Technology Limited, a maker of vapour deposition systems. The Board expects the Acquisition to be immediately earnings enhancing. The initial consideration for Korvus is £2.64 million in cash. The consideration…
CloudCall announces integration with CEIPAL
LONDON: CloudCall, the integrated communications company that provides unified communications and contact centre software that tightly integrates with Customer Relationship Management (CRM) platforms, has a new integration with CEIPAL. Built on CloudCall’s ‘unify’ architecture, the integration brings together CloudCall’s communications platform with CEIPAL’s AI-Powered Recruitment Software for Staffing Firms & Corporate HR. It will allow…
AC Energy to setup 70MWp solar farm in India
SINGAPORE: Ayala Corporation’s energy arm, AC Energy, continues to expand its renewables business in India with the development of the 70 MWp (50 MWac) Paryapt Solar through UPC-AC Energy Solar, the company’s joint venture with UPC Solar Asia Pacific. The estimated US$36 million facility is expected to start power generation in the first half of…
Ahli United Bank launches Bahrain Trade under its AUB Trader Platform
BAHRAIN: Ahli United Bank Bahrain (AUB), has announced the launch of Bahrain Trade under its AUB Trader Platform by adding Bahrain Bourse under the list of electronic markets available on AUB Trader, its online trading platform. First launched in 2006, AUB Trader is noted for being the first online stock trading service in the kingdom…
Amanat Holdings invests $5.0 million in US-based EdTech company BEGiN
DUBAI: Amanat Holdings PJSC has made an AED 18.4 million (USD 5 million) investment in BEGiN, a US-based leading education technology company behind the proven early learning program HOMER as part of their Series C financing round. BEGiN is focused on early childhood education through a highly effective and engaging platform aimed at children between…
SHUAA Capital appointed Advisor to 500 Startups’ Falcons 1 Fund
DUBAI: SHUAA Capital has been appointed by 500 Startups, the most active early stage venture capital firm globally, as Advisor to its Falcon 1 fund in MENA (500 Falcons, L.P.). SHUAA will be represented by its Chief Executive Officer, Jassim Alseddiqi. SHUAA, under Jassim’s leadership, will focus its support on advising 500 Startups’ Falcons I…
Dr. Reddy’s and RDIF receive approval to conduct clinical trial for Sputnik V vaccine in India
HYDERABAD: Dr. Reddy’s Laboratories and Russian Direct Investment Fund (RDIF) have received approval from the Drug Control General of India (DCGI) to conduct an adaptive phase 2/3 human clinical trial for Sputnik V vaccine in India. This will be a multi-center and randomized controlled study, which will include safety and immunogenicity study. Earlier in September…
Lynas Corporation Ltd.
Lynas Corporation Ltd. is an Australian rare-earths mining company, listed on the Australian Securities Exchange as a S&P/ASX 200 company. It has two major operations: a mining and concentration plant at Mount Weld, Western Australia, and a refining facility at Kuantan, Malaysia. Industry: Mining Predecessor: Yilgangi Gold NL Founded: 1983; 37 years ago Founder: Nicholas…
LiveTiles
LiveTiles is an intranet and digital workplace software company founded in 2014. The company develops cloud-based digital workplace software for the commercial, government and education markets. As of 2018, it has raised more than A$50 million in total funding (including seed funding). LiveTiles is headquartered in New York City, and has offices in Seattle, Tri-Cities…
Life360 Inc.
Life360 Inc. is a San Francisco–based information technology company that provides location-based services, including sharing and notifications, to consumers globally. Its main service is called Life360, a family social networking app released in 2008. It is a location-based service designed primarily to enable friends and family members to share their location with each other. Traded…