MELBOURNE: Clinuvel Pharmaceuticals is investing in the further expansion of its facilities in Singapore with new state of the art and expanded laboratories to open 1 July 2020. The research and development capacity of its wholly owned subsidiary, Vallaurix Pte Ltd, will be expanded through both a new biological and analytical laboratory, which will work…
Andrew Arapakis appointed CEO of Environmental Group Limited
SYDNEY: The Board of the Environmental Group Limited (EGL) announced the appointment of Andrew Arapakis as CEO of the Company effective as at 6th April 2020. Arapakis has held senior leadership positions for over 25 years across a variety of engineering, industrial and environmental service enterprises. He was most recently a member of the Executive Leadership…
International energy services group Hunting PLC acquires Enpro Subsea Limited
LONDON: Hunting PLC, the international energy services group, has completed the acquisition of Enpro Subsea Limited for a total consideration of US$33.0 million payable on completion, plus a potential maximum earn out of US$3.0 million based on EBITDA performance in 2020. The consideration payable is on a cash-free-debt-free basis and payable in cash and has…
Halma acquires Maxtec for $20 million
LONDON: Halma Plc, the leading safety, health and environmental technology group, has announced that it has acquired Maxtec, LLC, which is based in Utah, USA. The cash consideration for Maxtec is US$20 million (£15.3 million3), on a cash and debt free basis, which will be funded from Halma’s existing facilities. Maxtec is a leader in…
Well-supplied global LNG market sees demand build for cleaner-burning energy
SINGAPORE: Global demand for liquefied natural gas (LNG) grew by 12.5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook published today – a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system. 2019 saw key developments that are helping to reshape the industry, namely;…
Myanmar Strategic Holdings partnering Liverpool John Moores University for engineering training
LONDON: Myanmar Strategic Holdings, an independent developer and manager of consumer businesses located in Myanmar, is partnering with Liverpool John Moores University to provide high quality engineering training programmes for young, working professionals in Myanmar. The partnership with Liverpool John Moores University will be directly with A Partners Limited, which trades as Auston College Myanmar….
Greencoat UK acquires Slieve Divena II for £51 million
LONDON: Greencoat UK Wind, renewable infrastructure fund invested in 36 operating UK wind farms with net generating capacity of 998MW, has agreed to acquire Slieve Divena II wind farm from SSE Renewables for a consideration of £51 million. Slieve Divena II is located approximately 10 miles south east of Omagh in County Tyrone, Northern Ireland,…
Natascha Viljoen appointed CEO of Anglo American Platinum
LONDON: The Board of Anglo American Platinum Limited, global mining company, has announced the appointment of Natascha Viljoen as CEO, with effect from 16 April 2020, following Chris Griffith’s decision to step down after more than seven years to pursue other career opportunities. Norman Mbazima, Chairman of Anglo American Platinum, said: “I am delighted to…
DeepMatter collaborates with the University of Nottingham
LONDON: DeepMatter Group Plc, company focusing on digitising chemistry, has announced collaboration with the University of Nottingham’s School of Chemistry, to explore the benefits of the DigitalGlassware™ platform in data capture and analysis within undergraduate chemistry teaching. The project, “‘Data led synthesis: an undergraduate project in chemical optimisation” will see undergraduate students performing a series…
Engro Elengy signs agreement to expand LNG terminal’s capacity by 150mmcfd
KARACHI: Engro Elengy Terminal (EETL) has signed heads of agreement (HOA) with Excelerate and with Shell for the expansion of the Elengy Terminal in Port Qasim, CEO of Engro Elengy Jahangir Paracha. The current FSRU will be replaced by a new build vessel before the winters of 2020, increasing EETL’s send-out capability by over 150…
Yourgene’s Health gets approval to sell the chemotoxicity diagnostic assay in Australia
MANCHESTER: Yourgene Health, an international molecular diagnostics group, announced that its chemotoxicity diagnostics assay – Elucigene DPYD – which tests to identify cancer patients at risk of lethal side effects from chemotherapy, has been approved for sale in Australia by the Therapeutic Goods Administration (TGA) as an IVD (in vitro diagnostic). The TGA is the…
Knights Group acquires Fraser Brown Solicitors for £8.28 million
LONDON: UK’s fastest growing legal and professional services businesses, Knights Group Holdings, announced the exchange of contracts to acquire Fraser Brown Solicitors, a full-service law firm in Nottingham for a total consideration of £8.28 million. This acquisition strengthens the Company’s presence in the East Midlands, in line with the Group’s strategy to accelerate its organic…