LONDON: John Wood Group has signed separate sales agreements for the disposals of two businesses, which together are expected to generate net proceeds of around $165 million in 2024, including loan notes of up to $42 million. The Group has signed deals for the sale of its stake in Ethos Energy Group Limited, a joint…
Web3 streaming platform myco raises $10 million for its Series A funding
Dubai: UAE-based Web3 streaming platform, myco, has successfully completed the first closing of its Series A funding, raising $10 million from prominent venture investors across MENA, North America and Europe. Key participants include Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, and Enjinstarter, along…
Flowtech Fluidpower has acquired Thomas Wright/Thorite Group
London: Flowtech Fluidpower plc (AIM: FLO), the specialist technical provider of fluid power and motion control products and engineering services announces the acquisition of the business and certain assets of Thomas Wright/Thorite Group Limited. The transaction completed immediately following the appointment of Administrators, Interpath Advisory to Thorite. Mike England, CEO of Flowtech said: “We are delighted to acquire this well-respected brand…
Tasmea Limited signs deal to acquire Future Engineering Group
SYDNEY: Tasmea Limited has executed share and unit purchase agreement to acquire 100% of the units and shares in Future Engineering Group (FEG), which includes Future Engineering & Communication Unit Trust (FEC) and its associated entities Future Power Pty Ltd, Rollwell Pty Ltd and Westplant Pty Ltd. Completion is expected to occur on or about…
Strata Investment Holdings agrees to acquire SCP Resource Finance
SYDNEY: Strata Investment Holdings (ASX: SRT) has entered into a binding letter agreement to acquire 1000433639 Ontario Inc., the parent company of SCP Resource Finance LP and SCP Resource Finance GP Inc. SCP Resource Finance LP is a leading and independent investment dealer specialising in the global mining sector. SCP, originally established as Sprott Capital…
Husqvarna Group to acquire Brazilian digital platform InCeres
STOCKHOLM: Husqvarna Group has signed an agreement to acquire the Brazilian company InCeres, a digital platform in the professional light agriculture segment. InCeres is an expert in soil analysis that facilitates decision-making and improves productivity for farmers. Its precise agriculture digital platform will act as the cornerstone for establishing Husqvarna Group’s Total Farm Management offering…
evoke plc acquires New Gambling Solutions operates Winner.ro
LONDON: evoke Plc (LSE: EVOK), a betting and gaming company announced the acquisition of New Gambling Solutions S.R.L (NGS), which operates Winner.ro, the #7 online betting and gaming operator in Romania. evoke will inject its Romania business plus a cash consideration of €10 million (on a debt-free, cash-free basis) in exchange for a 51% share in the…
Spirit Technology to acquire Forensic IT Solutions Pty Ltd for $7.6 million
SYDNEY: Spirit Technology Solutions (ASX:ST1) has entered into a binding share purchase agreement to acquire 100% of the issued shares in Forensic IT Solutions Pty Ltd for an aggregate consideration of approximately $7.6 million and the issue of $1.6 worth of ordinary shares in Spirit at an issue price of $0.05941 per share. Forensic IT…
Borealis Biosciences gets $150 million Series A financing from Versant Ventures and Novartis AG
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,…