PERTH, AUSTRALIA: YPB Group Limited has signed a non-exclusive Master Services Agreement (MSA) with India’s Optimum Interface Consulting (OIC) which provides investigative and risk mitigation services including the provision of anti-counterfeit technology solutions, a news release said. OIC works with a large number of Fortune 500 companies in the pharmaceutical, electrical, IT, automotive, finance, export…
Carclo Plc appoints Nick Sanders as Non-Executive Chairman of the Board
LONDON: Carclo plc has announced the appointment of Nick Sanders as the Non-Executive Chairman of the Board with immediate effect. Nick was appointed as a Non-Executive Director and Chairman-elect of the Board on 18 August 2020. Joe Oatley, who has been acting as Chairman of the Board since 27 April 2020, will step down from…
Sumo Group to buy Lake Street Labs Buyer Corp for $99.5 million
LONDON: Sumo Group has signed a contract to acquire Lake Street Labs Buyer Corp, the owner of Pipeworks for an enterprise value of up to $99.5 million, with initial consideration of $59.5 million. This initial consideration is being satisfied as to $35 million from the Group’s existing cash resources and $24.5 million through the issue…
Iconic Labs forms partnership with Glimpse Protocol
LONDON: Iconic Labs has signed a commercial partnership agreement with Glimpse Protocol, a leading provider of advanced technologies to Ad-tech, a news release said. This partnership will allow Iconic Labs to be well positioned to become industry leaders in the cookieless advertising space and future proof this part of the Company’s business. Glimpse Protocol will…
CLS Holdings completes £154 million long-term, green loan with Aviva Investors
LONDON, UK: CLS Holdings has completed a £154 million loan with Aviva Investors which is secured on a portfolio of 12 UK properties, a news release said. This loan replaces three existing loans of £67 million, which were due to expire in 2020 and 2021, as well as gearing unencumbered properties and will result in…
Symphony International leads strategic investment in August Jewellery
LONDON: Symphony International Holdings, a London listed strategic investment company, announced an investment in August Jewellery Pvt Ltd, the holding company for online gold fast-fashion jewellery brand, Melorra. The US$12.5 million funding round, led by Symphony, included investments from Lightbox Ventures, Alteria Capital, and certain family offices from India, Singapore & Indonesia. Melorra is a…
GE Healthcare launches new AI software for women’s health
LONDON: Intelligent Ultrasound announced that GE Healthcare has launched its new AI-enhanced Women’s Health ultrasound system, Voluson SWIFT. The Voluson SWIFT features SonoLyst, the world’s first fully integrated AI tool that recognizes the 20 views recommended by the International Society of Ultrasound in Obstetrics and Gynaecology mid-trimester practice guidelines for fetal imaging and incorporates Intelligent…
Rita-Rose Gagné appointed Chief Executive Officer of Hammerson plc
LONDON, UK: Hammerson plc has announced the appointment of Rita-Rose Gagné as Chief Executive Officer (CEO) and Executive Director. Ms Gagné was most recently President of Growth Markets at the global real estate company Ivanhoé Cambridge where she had responsibility for $7.6bn of real estate assets across Asia Pacific and Latin America. She joined Ivanhoé…
Smith+Nephew to acquire Integra LifeSciences’ Extremity Orthopaedics for $240 million
LONDON: Smith+Nephew, the global medical technology business, has agreed to acquire the Extremity Orthopaedics business of Integra LifeSciences Holdings Corporation for $240 million, a news release said. This acquisition will significantly strengthen Smith+Nephew’s extremities business by adding a combination of a focused sales channel, complementary shoulder replacement and upper and lower extremities portfolio, and an…
Atlas Mara’s subsidiary ABC Holdings selling stake in African Banking Corporation Mozambique
LONDON: Atlas Mara Limited’s subsidiary ABC Holdings Corporation Limited (ABCH) has entered into definitive agreements with Access Bank Plc for the sale of ABCH’s holdings in African Banking Corporation Mozambique (BancABC Mozambique), a news release said. The transaction will include upfront cash consideration payable at closing equal to approximately 0.8 times book value as of…
SLANG Worldwide acquires Colorado-licensed cannabis cultivator, Pleasant Valley Ranch
TORONTO: SLANG Worldwide Inc., has entered into an agreement to acquire Colorado-licensed cannabis cultivator Pleasant Valley Ranch, a news release said. Pursuant to the Agreement, SLANG will acquire Pleasant Valley for consideration comprised of a non-material amount of cash and common shares of the company. SLANG anticipates that ownership of a cultivation operation will provide…
NexTech acquires AirShow app
VANCOUVER: NexTech AR Solutions has acquired the AirShow app, valuable AI code plus a team of four AR experienced developers from TRICK 3D, the deal is closing October 1st, a news release said. This acquisition was structured as an asset purchase agreement with a $300,000 USD price tag, 50% being in cash and 50% in…