FAIRMONT: MVB Mortgage and Intercoastal Mortgage have become one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region: Intercoastal Mortgage, LLC (ICM). MVB Financial Corp. and its wholly-owned subsidiary MVB Bank announced that the Bank’s subsidiary Potomac Mortgage Group has completed a combination with Intercoastal Mortgage Company, a Van Metre Company….
Maxar Technologies completes $140 million acquisition of Vricon Inc.
WESTMINSTER: Maxar Technologies announced that it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing. Vricon is a global leader in satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D…
C&W Communications expands its B2B operations in the Cayman Islands
MIAMI: C&W Communications announced the acquisition of IT Outsource Ltd. (ITO), a leading Managed Service Provider (MSP) in the Cayman Islands. Founded in 2004, IT Outsource provides IT managed and support services, cloud back-up, security services and enterprise hardware and software solutions focused on clients in the financial services, insurance, government and tourism sectors. ITO…
HOF Village and Gordon Pointe jointly form Hall of Fame Resort & Entertainment Company
CANTON: HOF Village LLC, the owner of the multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame in Canton, Ohio, announced the completion of its previously announced business combination with Gordon Pointe Acquisition Corp (GPAQ). The resulting company is named Hall of Fame Resort & Entertainment Company and its common…
Omega’s ELISA antibody test approved for sale in India
LONDON: Omega Diagnostics, the medical diagnostics company, announced that its CE-Marked Mologic ELISA antibody test has been approved for testing of COVID-19 in India. Approval for sale remains conditional on the submission of supporting technical data and the Company is confident that this submission will be successful, and that Omega will be able to sell…
Global Ports Holding appoints Jan Fomferra as Chief Financial Officer
LONDON: Global Ports Holding, the world’s largest independent cruise port operator, announced the appointment of Jan Fomferra as Chief Financial Officer. Jan has a significant level of financial experience gained across a range of sectors, having worked at various in-house corporate finance functions and in a corporate finance advisory capacity for much of his career….
Gamma Communications acquires 80pc stake in HFO Holding for €20.4 million
LONDON: Gamma Communications plc, a leading technology-based provider of communications services, announced that it has acquired 80% of the issued share capital of HFO Holding AG (HFO) on 1 July 2020, and has an option to acquire the remaining 20% over the next three years. The acquisition is expected to be earnings enhancing immediately from…
VR Education announces launch of ENGAGE Mobile
LONDON: VR Education, a leading virtual reality (VR) technology company focused on the education and enterprise training space, announced the launch of ENGAGE Mobile, an android phone and tablet supported version of the Group’s proprietary VR communications, events and training platform. As notified on 16 June 2020 in the Group’s final results announcement, the ENGAGE…
PG&E obtains all financing necessary to emerge from Chapter 11 and for ongoing operations
SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. “Today’s announcement is significant for PG&E and for the many wildfire victims who…
Curaleaf unveils nationwide expansion plans for Select brand
WAKEFIELD: Curaleaf Holdings Inc., a leading multi-state cannabis operator in the United States, announced the continued expansion of its line of select brand into new markets including Maine, Massachusetts, Ohio and Florida between now and August 2020. It will expand its line of Select brand products into Connecticut. Select Elite Live cartridges will be available…
Zwipe and Publicenter collaborate on biometric payment solutions
BOLOGNA: Biometric fintech company Zwipe and Publicenter, Italy’s largest domestic smart card manufacturer, announced the launch of a collaboration aimed at bringing the next generation contactless experience, powered by biometric payment cards and wearables to financial institutions and consumers across Europe. Publicenter is a VISA and Mastercard certified smart card manufacturer, with over forty years…
Mutares completes the acquisition of certain seals and fluids activities from Cooper Standard
MUNICH: Mutares SE & Co KGaA has successfully completed the acquisition of certain Cooper Standard activities in Poland, Italy, Spain and India. With the completion of the acquisition, the company will operate under the new name SFC Solutions. SFC Solutions employs around 2,500 employees at six locations in Europe and seven production sites in India…