OSLO: Nel ASA, dedicated hydrogen company, has entered into a strategic collaboration agreement with the global EPC company Kværner AS. The companies will collaborate on specific green hydrogen projects and standardisation of solutions for large scale hydrogen production plants. “We’re happy to enter into this collaboration agreement with Kvaerner, who have extensive experience from large…
Oakley Fund III agrees to acquire a majority stake in Globe-Trotter
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has agreed to acquire a majority stake in Globe-Trotter Group Limited, the British luxury luggage brand, from entrepreneur Toshiyasu Takubo. Takubo, who has developed the brand significantly in the Japanese market, will retain a minority stake in the company. Founded in 1897, Globe-Trotter…
Itaconix announces new collaboration in biodegradable packaging
NEW YORK: Itaconix Plc has signed a joint development agreement with a leading innovator in biodegradable packaging (the Partner). Itaconix develops and produces bio-based specialty ingredients that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling. Under the agreement,…
Abcam extends capabilities with the acquisition of Marker Gene Technologies
LONDON: Abcam Plc, a global innovator in life science reagents and tools, announced the acquisition of the entire issued share capital of Marker Gene Technologies (MGT). Financial terms of the acquisition have not been disclosed and are expected to have a minimal impact on revenue and earnings in the current financial year. Following the recent…
CloudCall launches services in Australia
SYDNEY: CloudCall Group, a software and integrated communications business that has developed and provides a suite of cloud-based software and communications products and services, has announced the launch of its services in Australia, together with the opening of a regional sales office in Sydney as a launchpad for the eventual expansion of operations into the…
Tony Hadley appointed COO of Vital Metals
SYDENY: Vital Metals has announced that. Tony Hadley has been appointed as Chief Operating Officer of the company. Vital Metals Limited is an explorer and developer focussing on rare earths, technology metals and gold project across a range of jurisdictions in Canada, Africa and Germany. Regarded as one of the world’s leading experts in rare…
iCraft launches graphene cosmetic face mask
LONDON: iCraft has launched graphene cosmetic face mask featuring Haydale graphene nano-platelets. iCraft is a KOSDAQ listed company whose primary business designs, develops, and provides internet network integration products. iCRAFT also develops innovative products in wider sectors such as health and beauty. Haydale Graphene Industries has supplied graphene to iCraft since May 2019 for development…
Okamoto licenses VivaGel antiviral condom in Asian countries
MELBOURNE: Starpharma Holdings Limited announced that following the successful launch of the VivaGel antiviral condom by Okamoto Industries in Japan, Okamoto has sought an expansion to its licence territory for the VivaGel condom. As a result, Starpharma has granted Okamoto marketing rights to a further 11 countries in Asia which include South Korea, Indonesia, Malaysia,…
Mitr Phol to acquire Olam’s remaining 50% stake in Indonesian sugar joint venture
SINGAPORE: Global food and agri-business Olam International has entered into an agreement to sell its remaining 50.0% equity stake in Indonesian sugar joint-venture Far East Agri to its joint venture partner Mitr Phol Sugar Corporation for a total consideration between US$82.5 million and US$85.0 million. The consideration was arrived at on a willing buyer-willing seller…
Subsea 7 awarded contracts offshore Australia, offshore US Gulf of Mexico
LUXEMBOURG: Subsea 7 S.A. has announced the award of a large contract by ConocoPhillips Australia Barossa Pty Ltd to deliver the SURF scope for the Barossa Project, and a substantial contract by Murphy Exploration and Production Company – USA for the subsea installation services related to the Samurai, Khaleesi, and Mormont developments tying back to…
Arendals Fossekompani launches green-tech group, Volue
ARENDAL: Industrial investment company Arendals Fossekompani has grouped its portfolio companies including Powel, Scanmatic, Markedskraft and Wattsight in a new international growth company named Volue, which would increase yield and reduce carbon footprint of customers in the European energy sector, whilst preserving its mission to accelerate digitalisation across other industry verticals. “We are proud to…
Mowi collaborates with Alphabet’s innovation engine to make salmon farming more sustainable
BERGEN: Mowi, world’s leading seafood company, works with Tidal, X’s ocean health and sustainably team, to test and research new technologies. Over the last three years, Mowi has been researching and testing a new sensing system developed by Tidal at Alphabet’s X. After an extensive research and development period involving field testing and data collection,…