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…
Keppel O&M secures two contracts worth approximately S$200 million
SINGAPORE: Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries, Keppel AmFELS and Keppel Shipyard, clinched contracts worth approximately S$200 million combined. In the United States, Keppel AmFELS will be constructing a high-specification Trailing Suction Hopper Dredger (TSHD) for Manson Construction Co. The TSHD will be the first dredger built at Keppel…
Fitch takes rating action on four Indian NBFIs following pandemic
SINGAPORE: Fitch Ratings has taken rating action on the Long-Term Issuer Default Ratings (IDR) of four Indian non-bank financial institutions (NBFI) in light of the companies’ performance amid the coronavirus pandemic. The rating actions are as follows: · IIFL Finance Limited ‘B+’ rating maintained on Rating Watch Negative (RWN) · Manappuram Finance Limited (MFIN), affirmed at ‘BB-‘;…
Entech Electronics becomes Respiri’s global manufacturing partner for Wheezo
MELBOURNE: Respiri Limited, an eHealth SaaS Company supporting respiratory health management, announced a partnership with Entech Electronics for the global supply of the ground breaking wheezo. Entech Electronics are an Australian, privately owned contract electronics manufacturer established in 1986. Headquartered in Devon Park, South Australia, the company has operated offshore production facilities in Shenzhen China…
VivoPower International to acquire 51% Shareholding in Tembo
LONDON: VivoPower International has signed a non-binding Letter of Intent (LOI) to acquire a 51% shareholding in Tembo 4×4 e-LV B.V. Tembo is a specialist battery-electric and off-road vehicle company with customers globally in the mining, government services (armored cars, police, ambulances, inspection vehicles), game safari and humanitarian aid sectors. The purchase consideration will be…
BiON acquires two biogas power plants in Malaysia
LONDON: BiON Plc announced the acquisition of two biogas power plants from its associate company, Megagreen Energy Sdn Bhd (MGE), which increases its installed capacity to 7.0MW. Through its subsidiary, BiON Sdn Bhd (BSB), BiON has conditionally acquired two biogas power plants, Nasarudin and Seberang Perak (both in Perak, Malaysia), from its associate company, Megagreeen…