Ondine Biomedical Inc. (LON: OBI), a Canadian life sciences company pioneering light-activated antimicrobial treatments, announced that it has agreed to a private placement financing in exchange for common shares from a new third-party private investor in Canada to support commercial growth. The Company has agreed to issue 22,222,222 new common shares of no par value…
Smiths Group acquires Modular Metal Fabricators and Wattco Inc. for £110 million
LONDON: Smiths Group plc, a leading industrial technology company, announced today that it is acquiring two North American companies, Modular Metal Fabricators, Inc., and Wattco, Inc. for a combined purchase price of up to £110m. These two companies will be integrated respectively into the Heating, Ventilation & Air Conditioning (HVAC) and electrical heating solutions platforms…
Jim Mintern appointed new CEO of CRH Plc
DUBLIN: CRH plc (NYSE: CRH), the leading provider of building materials solutions, announced that Albert Manifold has decided to retire as Chief Executive Officer at the end of 2024 and that he is to be succeeded by Jim Mintern. Mr. Mintern is currently CRH’s Chief Financial Officer and has been a director of its board…
Legal & General Group appoints Eric Adler as Chief Executive Officer of Asset Management
LONDON: Legal & General Group announced the appointment of Eric Adler as Chief Executive Officer of Asset Management, subject to regulatory approval. The appointment follows the Group’s announcement that it would bring together its public and private markets businesses as a unified global asset manager, at its Capital Markets Event in June. The Group, which…
MTI Wireless Edge wins 5G backhaul antenna order from India’s leading cellular service provider
LONDON: MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, has received an initial order, worth approximately US$0.7 million, for its 5G backhaul antenna solution for use by one of India’s leading cellular service providers. The initial order will be delivered in the short…
NewRiver REIT agrees to acquire Capital & Regional plc in a £147 million deal
LONDON: NewRiver REIT plc and Capital & Regional plc have agreed on a cash and share offer, where NewRiver will acquire the entire share capital of Capital & Regional. This merger will be executed through a scheme of arrangement under Part 26 of the Companies Act. For each Capital & Regional share, shareholders will receive…
Karolinska Development AB divests its shareholding in Henlez ApS
STOCKHOLM: Karolinska Development AB (Nasdaq Stockholm: KDEV) announces the divestment of all its shares in the portfolio company Henlez ApS. Following the transaction, Karolinska Development’s investment portfolio consists of eleven holdings. Karolinska Development invested in Henlez ApS in 2022, in syndication with the Nordic venture capital firm Eir Ventures. Henlez is a privately held Danish…
Boab Metals signs agreement to secure a 100% interest in the Sorby Hills Project
LONDON: Boab Metals Limited (ASX: BML) has executed an option agreement with joint venture partner Henan Yuguang Gold & Lead Co. Ltd to acquire their 25% interest in the Sorby Hills Lead-Silver-Zinc Project, located in the Kimberley Region of Western Australia. Boab Managing Director and CEO, Simon Noon, stated: “Yuguang has been a committed partner…
Telix Pharmaceuticals agrees to acquire RLS USA for upto $250 million
MELBOURNE: Telix Pharmaceuticals Limited (ASX: TLX) has signed an agreement to acquire RLS (USA) Inc., from its parent company, RLS Group Ltd. The acquisition significantly expands Telix’s North American manufacturing footprint and establishes the basis of a next generation radiometal production network to benefit Telix and select strategic commercial partners. The acquisition of RLS is…
Johns Lyng acquires Queensland based Keystone Group for $47.7 million
SYDNEY: Johns Lyng Group (ASX: JLG) announced the acquisition of an 87.5% controlling equity interest in Queensland-based Keystone Group – one of Australia’s leading Insurance Building & Restoration Services (IB&RS) businesses. Keystone services a recurring blue-chip customer base providing insurance repairs, restoration and hazardous material removal through its subsidiaries, Rizon, Remeed, and Corvex. Over recent…
Hooman Caman Javvi appointed new CEO of Porvair Plc
LONDON: Porvair Plc announced the appointment of Hooman Caman Javvi as Chief Executive Officer designate and Director of the Company. He is expected to join the Group on 6 January 2025 and assume the role of Chief Executive on the retirement of Ben Stocks following the Company’s AGM on 15 April 2025. Hooman was, until…
BSE shares surge amid speculation of NSE IPO
Shares of the Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, soared by up to 9% in Mumbai trading on Friday, extending its weekly gains to approximately 38%. This surge comes as market participants speculate about the potential initial public offering (IPO) of the National Stock Exchange (NSE) of India Ltd, following its recent acquittal…