MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, announced the completion of the previously announced agreement for the acquisition of Tokyo Gas stakes in a portfolio of integrated Australian LNG projects. The acquisition includes Tokyo Gas’s stakes in the…
The Home Depot to acquire SRS Distribution for $18.25 billion
SRS Distribution, a leading distributor of residential and commercial building products in the United States, has entered into a definitive agreement with The Home Depot for acquisition at $18.25 billion. SRS Distribution is the portfolio company of Leonard Green & Partners and Berkshire Partners. The deal was announced through press releases by both companies. SRS…
Exclusive Networks acquires NEXTGEN Group
PARIS, FRANCE: Exclusive Networks has signed a deal to acquire all shares of NEXTGEN Group, a prominent channel services firm in the APAC region. The acquisition aligns with Exclusive Networks’ growth strategy, promising to double its market presence in Australia and New Zealand. NEXTGEN, headquartered in Sydney since 2011, boasts a workforce of 190 and…
One Equity Partners acquires marine energy solutions provider, Acteon Group
One Equity Partners (OEP), a prominent middle market private equity firm, has announced the acquisition of Acteon Group, a leading international provider of marine energy and infrastructure solutions. Acteon, with its headquarters in the UK, has been at the forefront of engineering and data-driven services for the offshore renewables, nearshore construction, and energy industries since…
SLB acquires majority stake in Aker Carbon Capture
SLB (NYSE: SLB) has announced the acquisition of an 80% stake in Aker Carbon Capture (ACC), merging its carbon capture business with ACC’s to form a robust platform aimed at industrial decarbonization. The merger will combine SLB’s technological advancements and industrialization capabilities with ACC’s commercial carbon capture solutions, enhancing the deployment of innovative technologies to…
Schroders Capital Global Innovation Trust announces weak financial results for 2023
LONDON: In a news release, Schroders Capital Global Innovation Trust plc (INOV) has announced its final results for the fiscal year ending December 31, 2023. The company, under the leadership of Chair Tim Edwards, has reported a notable increase in net asset value (NAV) during the last quarter, signaling a positive shift towards growth in…
Norse Atlantic Airways announces new direct flight from London Gatwick to Las Vegas
OSLO, NORWAY: Norse Atlantic Airways announced a brand-new route connecting London Gatwick to the captivating city of Las Vegas. Commencing operations on the 12th of September 2024, the airline will offer travellers the opportunity to immerse themselves in the vibrant energy of Las Vegas with three direct weekly flights. With launch return fares as low…
DG Innovate and EVage forge joint venture for electric vehicle drives in India
LONDON, UK: DG Innovate (LSE: DGI), a leader in sustainable mobility and energy storage R&D, has announced a Memorandum of Understanding with EVage Automotive Pvt. Ltd., an Indian electric vehicle company. The MoU outlines the formation of a joint venture to produce DG Innovate’s Pareta® e-drives in Chandigarh, India. The proposed joint venture, 60% owned…
Versarien Plc reports weak financial results
LONDON, UK: Versarien Plc, the advanced engineering materials group listed on AIM (VRS), has released its audited financial results for the year ending 30 September 2023. The report shows a decrease in group revenues from £11.11 million in the previous 18-month period to £5.45 million. Graphene-related revenues also fell to £0.24 million from £2.15 million….
Caledonia Mining reports 3% increase in gross revenue
LONDON, UK: Caledonia Mining Corporation Plc has released its operating and financial results for the year ended December 31, 2023. The company reported a gross revenue of $146.3 million, a 3% increase from 2022, attributed to a 7.8% rise in the average gold price. However, gross profit fell to $41.5 million from $61.8 million due…
Ironveld plc reports interim results amidst operational challenges and strategic shifts
LONDON, UK: Ironveld plc, a prominent player in the High Purity Iron, Vanadium, and Titanium market, has released its interim results for the six months ending December 31, 2023. The company, which operates a significant project in Limpopo Province, South Africa, has announced several key developments and financial maneuvers as part of its strategic growth…
AdvancedAdvT reports robust interim financial results, exceeding expectations
LONDON, UK: AdvancedAdvT Limited (LSE: ADVT), a leading international software solutions provider, has announced its unaudited interim results for the six months ending December 31, 2023, showcasing a strong financial performance across its business solutions, healthcare compliance, and human capital management sectors. The Group, which integrated four operating units since July 31, 2023, reported a…