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,…
Puma Energy agrees to shareholding restructuring with Trafigura and Cochan
SINGAPORE: Puma Energy Holdings Pte Ltd has agreed, subject to receipt of regulatory approvals, to a shareholding restructuring transaction with Trafigura Pte Ltd and Cochan Holdings; the result of which will be that Cochan is no longer a significant shareholder, with Cochan’s shareholding reduced to less than 5%. This is in line with Puma Energy’s…
Location Sciences announce global master service agreement, partnership with Horizon Media
LONDON: Location Sciences, the location data verification company, has entered into a global master service agreement with one of the largest global advertising holding companies. This follows the recent signing by the Company of a framework agreement with Horizon Media Inc., the world’s largest independent media agency, which represents another significant step towards increased market…
BBC Studios and Escape Hunt launch new Doctor Who game
LONDON: Escape Hunt plc, a leading operator of escape rooms in the fast-growing experiential leisure sector, has announced the launch of a brand-new escape room experience with BBC Studios. A Dalek Awakens will be the second Doctor Who game to be launched, adding to the growing portfolio of proprietary games developed by Escape hunt and…
Xeros Technology agrees to sell US business
LONDON: Xeros Technology Group, the developer and provider of water saving and filtration technologies with multiple commercial applications, has agreed to sell its four US Marken specialist cleaning sites. Subject to closing conditions, completion is expected to take place by the end of March. The sale of these sites completes the Company’s planned transition to…
Rakuten and Vodafone invest in AST & Science’s venture SpaceMobile
TOKYO: Rakuten and Vodafone have become the lead investors in a venture to extend mobile coverage to more people and devices across the planet, using the first mobile broadband network that will be broadcast from space. Branded SpaceMobile, the low-Earth-orbit (LEO), low-latency satellite network from AST & Science will be the first in the world…
Catena to acquire upto 30.2pc interest in AI company, Insight Capital Partners
LONDON: Catena Group, a UK based venture capital company, has entered into a conditional investment agreement to acquire an initial 9.1 percent interest in the ordinary share capital of Insight Capital Partners Limited for £1.5 million payable in cash. The Company has also secured an option to increase its holding to 30.2 percent of Insight’s…
APQ Global acquires a US based corporation, Delphos International
LONDON: APQ Global has acquired the entire issued share capital of Delphos International, Ltd., a US based Corporation. In consideration to the shareholders of Delphos for the acquisition, the Company will pay an upfront amount of $1.5 million in cash. In addition to the Upfront Payment, APQ shall potentially make up to three earn-out payments…
EQTEC signs MOU for the development of first advanced gasification plant in Greece
LONDON: EQTEC plc, the technology solution company for advanced gasification in waste to energy projects, signed a Memorandum of Understanding (MOU), covering the key terms of the proposed cooperation for the engineering design and installation of the first advanced gasification plant in Greece. EQTEC has entered into the MOU with German EPC company, ewerGy GmbH…
Foxtons Group acquires London Stone for £2.2 million
LONDON: Foxtons Group, London’s leading estate agency, has announced the acquisition of the entire issued share capital of London Stone Properties Limited and its subsidiary company London Stone Property Sales Limited from its owner and founder Hilary Stone. London Stone is a well-established, high quality independent estate agent, primarily focussed on lettings and property management…
Pekka Lundmark appointed President and CEO of Nokia
ESPOO, FINLAND: Nokia’s Board of Directors has appointed Pekka Lundmark as President and Chief Executive Officer of Nokia. Lundmark is expected to start in his new role on September 1, 2020. Lundmark is currently President and CEO of Fortum, a leading energy company based in Espoo, Finland, where he consistently delivered robust total shareholder returns,…