LONDON, UK: Zotefoams, a pioneer in cellular materials technology, has announced the appointment of Ronan Cox as the Group CEO designate. The announcement follows the company’s earlier statement on 7 November 2023. Cox, who brings a wealth of international leadership experience, will join Zotefoams on 2 April 2024 and take his place on the Board…
Edenred will acquire the energy cards business of IP Gruppo api (IP)
PARIS, FRANCE: Edenred, a global leader in B2B Mobility solutions will fully acquire the energy cards business of IP Gruppo api (IP), Italy’s leading private fuel and mobility company. The energy cards business of IP Gruppo api (IP) encompasses a portfolio of around 50,000 B2B clients. The scope of the transaction also includes a long-term…
Fintel Plc acquires majority stakes in ifaDASH, Mortgage Brain
LONDON, UK: Fintel Plc (AIM: FNTL), a leading provider of fintech and support services to the UK retail financial services sector, announced acquisition of 70% of ifaDASH, a reg-tech solution that assists intermediaries with running an efficient, compliant business. Company also announced a new distribution agreement with Mortgage Brain together with a minority investment by…
Core & Main Inc. acquires EGW Utilities
Core & Main Inc. (NYSE: CNM), a prominent player in the infrastructure industry, has announced the signing of a definitive agreement to acquire the majority of assets belonging to EGW Utilities, Inc., a Texas-based distributor renowned for its high-quality products and services. Steve LeClair, the chairman and CEO of Core & Main, expressed enthusiasm about…
Germany approves the legalisation of recreational cannabis
SYDNEY, AUSTRALIA: Althea Group Holdings Limited (ASX:AGH) (‘AGH’, or ‘the Company’), a global leader in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products, is delighted to share pivotal developments in Germany’s approach to cannabis. Overview of Legislation Approval The Federal Council of Germany has given its approval to the bill legalising…
Veris Limited spearheads Digital Twin Victoria partnership
SYDNEY, AUSTRALIA: Veris Limited (ASX: VRS), a premier spatial data services provider, has been chosen to lead a consortium as the Digital Twin Victoria (DTV) Innovation Partner for a three-year term. This collaboration is set to deliver substantial value to Veris’ operations, although the contract’s total worth remains undisclosed due to evolving service scopes. The…
ALS acquires York Analytical Laboratories and Wessling Holding GmbH
SYDNEY, AUSTRALIA: ALS Limited (ASX: ALQ) today announced the acquisitions of Northeast USA-based York Analytical Laboratories and Europe-based Wessling Holding GmbH & Co. KG, supporting ALS’ strategic growth agenda in its Life Sciences portfolio, more specifically, the Environmental business. These acquisitions are expected to contribute ~A$195 million in revenues on a full-year basis. The total…
Adavale Resources expands uranium holdings in South Australia
SYDNEY, AUSTRALIA: Adavale Resources Limited (ASX: ADD) has announced the acquisition of a 100% interest in the exploration license EL6553, increasing its uranium license holdings to an impressive 2,058 square kilometers. The newly acquired license covers 456 square kilometers and is strategically located adjacent to the company’s existing Mundowdna South and Lake Surprise Uranium Project…
Boeing CEO Dave Calhoun resigns amidst company’s declining reputation
Boeing CEO Dave Calhoun has announced to stepdown from his office. His impending departure marks a significant turning point for the aerospace giant, which has been grappling with a series of safety issues and public confidence crises. The shakeup in Boeing’s leadership, including the exit of board chair Larry Kellner and commercial planes head Stan…
Saudi Arabia to build first Dragon Ball Z theme park in Qiddiya Mega Project
RIYADH: Saudi Arabia has announced the creation of the world’s first Dragon Ball Z theme park. Spanning 5.3 million square feet, this park is the latest addition to the ambitious Qiddiya project near Riyadh. The park will immerse visitors in the universe of the beloved Japanese anime, featuring seven themed areas, over 30 rides—including five…
Ericsson to lay off 1,200 employees in Sweden
Ericsson said on Monday that it will lay off about 1,200 employees in Sweden. In the wake of a global downturn in the demand for 5G technology, Ericsson’s announcement of a 1,200-employee layoff in Sweden marks a significant shift in the telecommunications landscape. This move is not isolated but part of a larger trend of…
Systems Limited posts 31% increase in net profit during 2023
KARACHI, PAKISTAN: Systems Limited (SYS), a leading technology and telecommunications service provider, has reported a robust financial performance for the calendar year 2023. The company’s profit after tax (PAT) soared to PKR 8,689 million, marking a significant 31% year-over-year (YoY) increase from the previous year’s PKR 6,629 million. Earnings per share (EPS) also rose from…