WINSFORD: Advanced Medical Solutions Group has acquired French company Biomatlante SA, a well-established international developer and manufacturer of innovative surgical biomaterial technologies for €8 million, with a potential further up to €0.3 million due over the next two years. Advanced is the surgical and advanced wound care specialist company. The acquisition will strengthen AMS’s product…
ARENA completes design and installation of Diriyah Arena
LONDON: Arena Events Group plc has completed the design and installation of the 15,000 seat Diriyah Arena and hospitality structure, ahead of the Joshua v Ruiz II boxing “Clash on the Dunes” being held on 7 December 2019. Commissioned by the Saudi General Sports Authority, the purpose-built arena was constructed in six weeks and is…
Thomson appointed CEO of MJ Gleeson
LONDON: The Board of MJ Gleeson plc announced that James Thomson, currently the Group’s interim CEO, has been appointed to the role on a permanent basis with immediate effect. The appointment follows a comprehensive search process, led by an external search firm, which included internal and external candidates. Dermot Gleeson, Chairman, commented: “The Board is…
NTPC lists its commercial paper at BSE
MUMBAI: On November 29, 2019, NTPC Limited, India’s largest energy conglomerate, made an application to list Commercial Paper at BSE for an Issue Size of Rs. 1500 crore. Post process, the effective date of listing for the same at BSE is December 02, 2019. BSE, Asia’s oldest exchange on November 26, 2019 announced the Framework…
Sindh unveils Pakistan’s first waste-to-fuel transport project
KARACHI: Sindh government Thursday unveiled the Karachi Breeze Red Line Project, which will be the first ever transport system in Pakistan to use bio-methane produced from animal waste as a fuel resource for its 213 bus fleet. The project will have an estimated cost of Rs78.384 billion and will provide transport services for 300,000 people…
Active Energy awards first CoalSwitch licence agreement in Canada
LONDON: Active Energy Group Plc, an international biomass based renewable energy business, has agreed terms for the issuance of its first CoalSwitch Licence Agreement to RMD Environmentals, Inc. (RMDE) to develop and manage projects involving the use of CoalSwitch technology in each of the Crown Provinces of Alberta and British Columbia in Canada. RMDE is…
Grainger to forward fund 132-home PRS development for £55.5 million
LONDON: Grainger plc has agreed to forward fund a 132-home private rented sector (PRS) development in the Hallsville Quarter development at Canning Town, London for c.£55.5 million. The scheme, which also includes c.11,000 sqft commercial space, will be developed by Linkcity, with Bouygues UK the building contractor. This is the fifth PRS scheme Linkcity and…
Boku enters strategic partnership with Swisscom
LONDON: Boku Inc, the world’s leading independent direct carrier commerce company, has entered into a partnership with Swisscom to provide mobile identity verification capabilities in the Swiss market. As part of the agreement, Swisscom will connect with Boku’s global Identity platform through a single connection. The mobile identity verification provided by Boku will enable Swisscom’s…
AM Best affirms credit ratings of Hiscox Ltd and its subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Hiscox Insurance Company (Bermuda) Limited (Hiscox Bermuda), Hiscox Insurance Company Limited (Hisco) (United Kingdom), Hiscox Insurance Company (Guernsey) Limited (Hiscox Guernsey), Hiscox Insurance Company Inc. (HICI) (Chicago, Illinois, USA), and Lloyd’s Syndicate…
VR launches Shuttle Commander on PlayStation
LONDON, UK: VR Education announced that the Group’s latest VR showcase experience, ‘Shuttle Commander’, will launch on Sony PlayStation on Tuesday, 3 December 2019. The VR showcase experience will retail at £21.99 in the UK, €24.99 in the EU and US$24.99 in the US. Shuttle Commander is an accurate physics-based flight simulator experience, offering users…
Essentra Plc forms joint venture company in China
LONDON: Essentra plc has signed an agreement for the establishment of a new joint venture (JV) company in China, China Tobacco Essentra (Xiamen) Filters Co., Ltd. to produce specialist and next generation filters, which the JV plans to manufacture locally in a new facility in Xiamen, and will incorporate a state-of-the-art development and testing centre….
Blackbird signs multi-year deal with Bloomberg Media
NEW YORK: Blackbird plc, developer and seller of market-leading cloud video platform Blackbird, has signed a significant multi-year deal with Bloomberg Media for fast turnaround news editing and social publishing, a release said. The annual revenues from this deal will be significant for Blackbird, which operates in the fast-growing SaaS and cloud video market and…