LONDON: Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators, local authorities, and the public transport networks that connect them, announced completion of the acquisition of Crime and Fire Defence Systems Limited (CFDS), a specialist infrastructure protection systems integrator in physical and cyber security solutions to the UK…
InPost Q2 profit surges on UK expansion, international revenue tops domestic for first time
AMSTERDAM: InPost Group, Europe’s leading out-of-home e-commerce logistics provider, reported a 35% year-on-year jump in second-quarter revenue to PLN 3.5 billion, driven by rapid international expansion and the integration of UK-based Yodel. Parcel volumes rose 23% to 324 million, with the UK segment surging 177% year-on-year. Adjusted EBITDA climbed 13% to PLN 1.0 billion, with…
NRW Holdings to acquire Fredon Industries in $200 million deal, expanding infrastructure reach
SYDNEY: Australian engineering and mining services firm NRW Holdings Ltd (ASX:NWH) said on Tuesday it will acquire Fredon Industries Pty Ltd for up to A$200 million, adding a fourth strategic pillar to its operations and expanding its footprint in electrical, mechanical, infrastructure and technology services. The acquisition, structured as a debt-free, cash-free transaction, will be…
Supreme Plc acquires iconic carpet care brand 1001 from WD-40 for £1.65 million
LONDON: Supreme PLC (AIM: SUP), a leading manufacturer and distributor of fast-moving consumer goods, said Monday it has acquired the trade and intellectual property of 1001, a heritage British carpet care brand, from the U.S.-based WD-40 Company for £1.65 million. The deal includes £0.35 million in deferred consideration and provides for additional contingent payments of…
Genuit Group has acquired Monodraught Topco for £55.6 million
LONDON: Genuit Group plc has acquired Monodraught Topco Limited for a total consideration of £55.6 million on a debt-free and cash-free basis. Monodraught is a leading provider of commercial ventilation solutions in the UK, with advanced controls and data management capability focussed on the UK education sector. Monodraught delivered 13% organic revenue CAGR between 2021…
Gateley has acquired Groom Wilkes & Wright LLP for £9 million
LONDON: Gateley, the professional services group, announced the acquisition of Groom Wilkes & Wright LLP (GWW) for a maximum consideration of up to £9.0 million. Founded more than 20 years ago, GWW is a boutique IP firm specialising in every aspect of trademark and design law, representing clients across all sectors from start-ups to several…
Intertek acquires Australia’s Envirolab to expand environmental testing footprint
LONDON: Intertek Group plc (ITRK.L), a global provider of Total Quality Assurance services, said on Monday it has acquired Envirolab, a leading environmental testing and analysis firm based in Australia, as part of its strategy to expand in high-growth sustainability markets. The deal gives Intertek access to Envirolab’s five laboratories across Australia and New Zealand,…
Verbrec returns to profitability, reinstates dividend amid strategic growth
Company reported profit of A$3.8 million for FY2025, up from A$2.0 million the previous year SYDNE: Engineering services firm Verbrec Ltd. (ASX: VBC) has posted its strongest financial performance in over a decade, reporting a comprehensive profit of A$3.8 million for FY2025, up from A$2.0 million the previous year. The company also reinstated its dividend…
Motio posts strong FY25 results, eyes expansion and innovation
Company recorded revenue of A$9.38 million and a cash EBITDA of A$1.94 million SYDNEY: Australian place-based media company Motio Ltd. reported a 30% year-on-year revenue increase for fiscal year 2025, driven by organic growth and strategic divestments, according to its annual results presentation released Monday. Motio posted revenue of A$9.38 million and a cash EBITDA…
Wall Street pulls back ahead of long weekend despite S&P 500 record
NEW YORK: U.S. stocks retreated Friday as investors locked in profits heading into a long weekend, following a record-setting week for the S&P 500 and strong earnings from Nvidia. The pullback came amid fresh inflation data that signaled persistent pricing pressures. The S&P 500 fell 0.7%, while the Nasdaq Composite dropped 1.2%. The Dow Jones…
John Wood Group to sell North America T&D business to Qualus for $110 million
LONDON: John Wood Group PLC (Wood) said on Friday it has agreed to sell its North American Transmission & Distribution (T&D) engineering business to Qualus LLC and 2737813 Alberta Ltd for $110 million in cash, as part of its ongoing disposal programme targeting non-core assets. The transaction, expected to close in the third or fourth…
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…