OLDWICK: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Slavonic Mutual Fire Insurance Association and its wholly owned subsidiary, Slavonic Insurance Company of Texas. Both companies are domiciled in Rosenberg, TX. These companies are collectively…
Denmark offers mini/micro renewable power generation tech to Pakistan
ISLAMABAD: Denmark has offered to provide mini/micro renewable power plant technologies to Pakistan as the Nordic renewable energy giant eyes South Asian market with active interest. Rolf Holmboe, Ambassador of Denmark to Pakistan in a meeting with Nadeem Babar, Special Assistant to Prime Minister on Petroleum at the Petroleum Division, offered cooperation to Pakistan in…
AFT signs agreements to sell pain relief medicine in Germany, Pakistan and Vietnam
WELLINGTON: AFT Pharmaceuticals has signed licensing agreements for its Maxigesic pain relief medication in Germany, Pakistan and Vietnam, countries with pain relief markets worth more than US$1 billion. In Germany, where AFT has already achieved regulatory approval for Maxigesic tablets, the agreement represents the last significant hurdle to making first sales in an analgesic market…
Uniphar marks its entry into Nordic and Baltic markets with acquisitions
LONDON: Uniphar plc has announced acquisition of Nordic-based medtech service provider, EPS Group and Irish-based medtech service provider M3 Medical Limited. The EPS Group comprises EPS Vascular AB and EP Endovascular AB, both registered in Sweden and EPS Vascular OY registered in Finland. M3 Medical is an Irish registered business. Both the EPS Group and…
Equals Group acquires UK based payment services provider Casco Financial
LONDON: Equals Group PLC, the e-banking and international payments group, has acquired the entire issued ordinary share capital of Casco Financial Services Limited, a UK based payment services provider for £1.725 million with a potential additional consideration of £2.0 million, depending on future performance. Casco, which is regulated by the FCA as an Authorised Payment…
Sberbank and Mail.ru Group have agreed on strategic cooperation
MOSCOW: Sberbank and Mail.ru Group have agreed on strategic cooperation and signed binding paperwork to partner in mobility and food-tech. Sberbank has also signed binding documents to acquire a 36% shareholding in MF Technologies. The parties are set to leverage their expertise to boost the development of digital economy and AI-powered products in Russia. The…
Magseis Fairfield announces multi-client project
OSLO: Magseis Fairfield has entered into an agreement with an established multi-client company to participate in a multi-client project, which is expected to commence late in the first quarter of 2020. “This is the first phase of a multi-year campaign which will bring industry leading nodal acquisition and data processing to re-image a mature basin….
K2fly signs Rio Tinto for RCubed Solution
SUBIACO: K2fly Ltd announced that Rio Tinto have signed a five-year contract to implement the RCubed Mineral Resource and Reserve solution across 20 sites globally. Implementation will commence immediately. The total contract value, including initial implementation costs, is for AU$1.45 million. The RCubed solution will replace an in house system and will assist Rio Tinto…
Rex acquires pilot Academt in Ballarat, Victoria
PERTH: Regional Express (Rex) has finalised with ST Engineering the acquisition of its subsidiary Aviation Training Academy Australia Pty Ltd which owns ST Aerospace Academy (Australia) Pty Ltd (STAA(A)). STAA(A), located at Ballarat, Victoria, is a pilot academy founded over 10 years ago to provide airline cadet pilot training for global carriers. STAA(A) has over…
Vection enters software distribution agreement with Canadian App Arquela
PERTH, AUSTRALIA: ServTech Global Holdings (Vection), a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, has entered into a software distribution agreement with Canadian marketing and business intelligence specialist App Arquela Inc. The agreement with App Arquela marks the first step of Vection’s expansion into Canada ahead of the…
Mako Gold completes RD drilling on the Tchaga Prospect
MELBOURNE: Mako Gold Limited has completed its latest RC drilling program on the Tchaga Prospect at the Company’s 224 km2 Napié Project in Côte d’Ivoire. Mako is earning up to a 75% interest in the Napié Project under a farm-in and joint venture agreement with Occidental Gold SARL, a subsidiary of West African gold miner…
Xref and CVCheck form strategic alliance for ANZ region
SYDNEY: Xref Limited and CVCheck Ltd announced the details of a strategic alliance. As a result of the agreement, Xref’s reference checks will be made available to all CVCheck users, while users of the Xref platform will be able to add multiple products from CVCheck to their verification process. Xref is a high growth business…