OMAHA: AMCON Distributing Company, a prominent distributor of consumer goods, has announced the strategic acquisition of Illinois-based Burklund Distributors Inc. This move will enable AMCON to extend its service to approximately 7,400 retail locations across 32 states from Burklund’s distribution centers in East Peoria and Fairview Heights. The acquisition, slated for completion in the third…
GaAs Labs sells Mission Microwave to J.F. Lehman Affiliate
GaAs Labs LLC has divested its portfolio company, Mission Microwave Technologies LLC, known for its advanced GaN-based amplifiers and upconverters for satellite communications, to an affiliate of the investment firm J.F. Lehman Company. The sale marks a new chapter for Mission Microwave, which under the guidance of GaAs Labs’ John and Susan Ocampo, has seen…
Engro Fertilizers takes action to reinforce urea pricing regulations
KARACHI: Engro Fertilizers, a leading agricultural support company, has taken decisive steps to ensure the enforcement of urea pricing guidelines in line with the Government’s directives. The move aims to guarantee the availability of urea to farmers at officially sanctioned prices. In a series of dealer conferences held in Lahore, Multan, and Hyderabad, Engro Fertilizers…
I Squared Capital to acquire remaining 55% stake in Rubis Terminal for EUR 375 million
I Squared Capital, a global leader in infrastructure investments, announces today that it has begun exclusive negotiations to acquire the remaining 55% stake in Rubis Terminal that it does not already own, from Rubis SCA, a French energy group. If finalized, the transaction would allow I Squared to own 100% of Rubis Terminal, thus strengthening…
Myonex acquires Creapharm Group’s Packaging and Bioservices divisions
Myonex, a leader in clinical trial supply, has announced the acquisition of Creapharm Group’s clinical and commercial packaging, as well as bioservices divisions. The agreement includes Creapharm’s facilities in Reims, Bordeaux, Bailly-Romainvilliers, and Marietta, Georgia. Awaiting regulatory approval, this deal is poised to enhance Myonex’s market presence in drug sourcing, clinical trial management, and ancillary…
Voxpopme appoints founder Andy Barraclough as CEO
Voxpopme, a trailblazer in AI-powered market research, has announced the elevation of its founder and former CTO, Andy Barraclough, to the role of Chief Executive Officer. Barraclough, succeeding the esteemed Lonnie Mayne, is set to steer the company into a new era of innovation and expansion. Barraclough’s appointment comes as a natural progression, given his…
Capital Metals secures strategic investment from Sheffield Resources
LONDON: Capital Metals, the company behind the Eastern Minerals Project in Sri Lanka, has announced a strategic partnership with Sheffield Resources Limited. Sheffield, co-owner of the Thunderbird mineral sands mine, has acquired a 10% stake in Capital Metals and has been granted an option to increase its interest to 50% through project funding. The deal…
Virtuos acquires LA based VFX powerhouse, Beyond-FX
Virtuos, a global leader in video game development, has acquired Los Angeles-based Beyond-FX. This move not only enhances Virtuos’ real-time VFX offerings but also reinforces its commitment to the growth and development of Beyond-FX’s talent pool and global client services. Beyond-FX, established by Keith Guerrette in 2015, is renowned for its expertise in real-time VFX…
Vodafone Group restructures portfolio and capital allocation
LONDON: Vodafone Group Plc has finalized its portfolio restructuring, initiated in May 2023, with the sale of its Italian operations to Swisscom AG. This move follows the divestiture of Vodafone Spain and the merger of Vodafone UK with Three UK, allowing Vodafone to concentrate on growth markets in Europe. The company’s strategic shift includes a…
Iress divests its UK mortgage business to Bain Capital for £85m
SYDNEY, AUSTRALIA: Iress Limited (IRE: ASX)has entered into a binding agreement to divest its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP for a total cash consideration of £85m. The sale marks a significant advancement in Iress’ transformation strategy to divest non-core assets and strengthen its balance sheet. Iress’ Mortgages business…
EML sells Sentenial Limited, Nuapay service to GoCardless for €32.75 million
SYDNEY, AUSTRALIA: EML Payments Limited (ASX: EML) has announced the divestiture of Sentenial Limited, including its Nuapay services, to GoCardless Ltd. The transaction, valued at €32.75 million (approximately A$54.1 million), marks a pivotal step in EML’s ongoing strategic review aimed at enhancing profitability and cash flow, the ASX news announcement noted. The decision to offload…
Premier1 Lithium CEO Richard Taylor steps down
SYDNEY: Premier1 Lithium (ASX:PLC) today announced a transition plan thatwill see CEO, Richard Taylor, step down from the role on 31 May 2024 after the completion of the demerger implementation plan, commencement of lithium exploration and Richard’s desire to move into the next phase of his career. An executive search has commenced for the next…