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…
Mpac Group has acquired SIGA Vision Ltd
LONDON: Mpac Group plc, a global leader in high-speed packaging and automation solutions, has acquired the trade and certain assets of SIGA Vision Ltd, a UK-based provider of machine vision solutions to the food, beverage and healthcare markets. SIGA, founded in 2007, is a leading designer of automated visual inspection systems, providing customers with solutions for…
Tungsten West appoints Jeffery Court as Chief Executive Officer
LONDON: Tungsten West (LON:TUN) announced the appointment of Mr Jeffery Court as Chief Executive Officer (“CEO”) of the Company. The appointment is intended to be effective no later than 1 November 2024. David Cather, Chairman of Tungsten West, said: “On behalf of the Board, I am delighted to welcome Jeff as the CEO of Tungsten…