VANCOUVER: Borealis Biosciences, a next-generation RNA medicines company, today emerged from stealth with $150 million in combined Series A financing from founding investor Versant Ventures and Novartis AG, as well as committed strategic research collaboration funding from Novartis. Despite recent advances for patients with IgA nephropathy, many other forms of highly prevalent kidney disease remain unaddressed….
Volvo receives order for 300 electric trucks from DSV
GOTHENBURG, SWEDEN: Volvo Trucks and global logistics company DSV have signed a cooperation agreement for 300 electric heavy trucks. The deal is one of the largest commercial orders to date for Volvo electric trucks. With the order, DSV will have one of the largest company fleets of heavy electric trucks in Europe. DSV, a global…
Serco wins $320m contract to modernise Pituffik Space Base
LONDON: Serco Plc has been awarded a new contract by US Army Corps of Engineers (USACE) to manage the modernisation of the back-up electrical plant at the US Space Force’s Pituffik Space Base, in Greenland. The contract started in August 2024 and has an estimated value of around $320m (£250 million) over its four-year term….
Atlas Arteria appoints Hugh Wehby as new CEO and Managing Director
SYDNEY: Atlas Arteria (ASX:ALX) has appointed Hugh Wehby as the Company’s new CEO and Managing Director. Hugh has extensive experience in the Australian listed infrastructure market, having held executive roles at Transurban and Sydney Airport. Hugh is currently Chief Commercial Officer at Transurban where his core focus is on delivering excellent on-road experience for customers,…
JTC to acquire Buck UK and European Share Plan Administration and Trustee Businesses
LONDON: JTC, the global professional services business, announced the proposed acquisition of the Buck UK and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co. With operations in the UK, Guernsey and Germany, Buck Share Plans provides fully outsourced administration and trustee services to a blue-chip global client base, covering a full range…
Caledonia Investments acquires Direct Tyre Management for £55m
LONDON: Caledonia Investments has invested £55m to acquire a majority stake in Direct Tyre Management Limited (“DTM”), the UK’s leading independent provider of outsourced tyre management services to fleet operators. The management team has reinvested alongside Caledonia to acquire 100% of the Business from investors including Palatine Private Equity. The acquisition exemplifies Caledonia’s strategy of…
Auswide Bank to merge with MyState, and acquire Selfco
SYDNEY, AUSTRALIA: Auswide Bank Limited has entered into a binding agreement to merge with MyState in a transaction that, if implemented, will combine two high-quality banks and materially increase scale with the potential for shareholder value creation. The proposed merger aims to strategically consolidate two high-quality, complementary banks, creating a trusted national organization. This merger will significantly…
Multiways International launches Daria BOND Smartphone in UAE market
DUBAI: Multiways International has announced the launch of the revolutionary Daria BOND Smartphone in the UAE market. Designed by Multi Ways International, the Daria BOND smartphone ushers in a new era of innovation, blending cutting-edge technology with a unique community-based monetization ecosystem that rewards users for their contributions. Halil Chaglar , CEO, Multi Ways International,…
Nex Metals Explorations appoints Maki Petkovski as Chief Executive Officer
SYDNEY: Nex Metals Explorations (ASX:NME) announce the appointment of Mr. Maki Petkovski as the Chief Executive Officer of the Company, effective as of 15 August 2024. Mr Petkovski commented;“It is an honour to have the support of the board in assuming the role of CEO with Nex Metals Explorations. I look forward to delivering the…
Vintage Energy signs agreement to takeover Galilee Energy
SYDNEY: Vintage Energy Ltd (ASX: VEN) and Galilee Energy Limited (ASX: GLL) have entered into a binding Heads of Agreement (HoA) under which Vintage will acquire all of the fully paid ordinary shares in Galilee by way of a scheme of arrangement. The proposal will create a merged group better resourced to generate value from…
Sure Valley Ventures invests in PHINXT Robotics and Vortex IQ
LONDON: Sure Valley Ventures (SVV) has committed to two new investments through the Sure Valley Ventures UK Software Technology Fund (SVV2), benefiting PHINXT Robotics and Vortex IQ Limited, both of which have ties to Mindflair Plc. PHINXT Robotics, an innovative AI-led robotics software company founded in 2022, is redefining warehouse automation. Their cloud-based platform simplifies…
Judges Scientific acquired Magsputter Limited, holding company of Teer Coatings
LONDON: Judges Scientific, a group focused on acquiring and developing companies in the scientific instrument sector, has acquired 100% of the issued share capital of Magsputter Limited, the holding company of Teer Coatings Limited. Teer is a company specialising in manufacturing coating instruments and providing coating services. The Board expects the acquisition to be immediately earnings…