LONDON: 3i Infrastructure plc has agreed to invest €220 million to acquire up to 100% of Ionisos, a leading owner and operator of cold sterilisation facilities servicing the medical, pharmaceutical and cosmetics industries, from Ardian Expansion. Completion is expected to take place in September. Established in 1993 in Civrieux, France, Ionisos is the third largest…
Rightmove announces acquisition of Van Mildert
LONDON, UK: Rightmove plc, the UK’s number one property website, announced the acquisition of 100% of the issued share capital of Van Mildert, a company that provides tenant referencing services and rent guarantee insurance products. Van Mildert has a strong brand and is well positioned within the rental marketplace. The products and operational experience of…
Versarien signs LoI with global apparel manufacturer
LONDON: Versarien plc, the advanced materials engineering group, has signed a Letter of Intent (LOI) with the company’s textile sector collaboration partner covering the initial launch of high performance sportswear incorporating Versarien’s graphene ink technology. The partner, who has a collaboration agreement with the company, as announced on 8 January 2018, is headquartered in Asia…
Xcina Consulting secures three year contract with Parkmobile
LONDON: Shearwater Group plc, the organisational resilience group, announced that its group company Xcina Consulting has won a multi-year contract to deliver a qualified security assessment of Parkmobile’s UK and NL card data environment to ensure that its business is compliant with the Payment Card Industry Data Security Standard (PCI-DSS). Parkmobile, part of the BMW…
Atlantis successfully decommissions 1.2 MW SeaGen tidal system in industry first
LONDON, UK: SIMEC Atlantis Energy Limited, the global developer, owner and operator of sustainable energy projects, has successfully decommissioned the SeaGen tidal turbine support structure in Strangford Narrows, Northern Ireland. This marks the completion of the 1.2MW SeaGen tidal stream energy project lifecycle and is the first commercial scale tidal turbine development to be fully…
redT flow machine first to qualify for UK Frequency Response service
LONDON, UK: redT energy plc, the energy storage solutions company, announced that one of its 300kWh flow machines, situated at a customer site in Southern England, has successfully gained pre-qualification status to provide Dynamic Firm Frequency Response (FFR) services to the UK grid following testing conducted by leading UK aggregator, Open Energi. Dynamic FFR is…
Vodafone to create Europe’s largest tower company
LONDON: Having secured network sharing agreements in several key markets, Vodafone Group Plc announced Friday that it is proceeding with plans to monetise a substantial proportion of its European tower infrastructure during the next 18 months, including the previously announced intention to combine Vodafone Italy’s passive tower infrastructure with Inwit S.p.A. Vodafone has recently announced…
Pakistan’s overall urea sales grow 5pc to 2.87 million tons
KARACHI: Urea sales grew five percent year-on-year to 2.87 million tons in the last six months as buyers rushed to pile up stocks ahead of price hike and rainfalls boosted its demand for summer crops, a brokerage reported on Thursday. Urea sales stood at 2.72 million tons in the corresponding period a year earlier. Analyst…
SGS Pakistan for collective efforts to promote standardization of products
KARACHI: Managing Director of SGS Pakistan Abdul Razzak Lakhani has stressed that the business and industrial community of Karachi Chamber of Commerce & Industry (KCCI) must work collectively with SGS Pakistan to promote the standardization of products both either being produced and imported in Pakistan or being exported to other countries which would certainly ensure…
Nissan reports first-quarter results for fiscal year 2019
YOKOHAMA, JAPAN: Nissan Motor Co., Ltd. announced financial results for the three-month period ending June 30, 2019. In the first quarter of the fiscal year, Nissan generated an operating profit of 1.6 billion yen on net revenues of 2.37 trillion yen, equivalent to an operating margin of 0.1%. First quarter net income1 fell by 94.5%…
Mirai Creation Fund-II invests in VISITS Technologies
TOKYO: SPARX Group Co., Ltd. announced that its Mirai Creation Fund-II has invested in VISITS Technologies, a supporter of innovation generation primarily through its patented technology, which it calls “Consensus Intelligence technology” (CI technology), an algorithm for achieving consensus. With this round of fundraising, the company plans to accelerate its business development and bolster the…
ST Engineering secures contracts worth $1.5bn for 2Q2019
SINGAPORE: Singapore Technologies Engineering Ltd (ST Engineering), a global technology, defence and engineering group has announced that its Aerospace and Electronics sectors have secured new contracts with a combined value of about $1.5 billion for the second quarter (2Q) of 2019. This is in addition to the $1.0 billion contract announced on 24 April for…