bp today announced that the company’s board of directors has initiated a succession process to select a new Chair, after Helge Lund informed the board of his intention to step down in due course. The succession process is being led by Dame Amanda Blanc, in her capacity as Senior Independent Director, with support from the wider…
SDI Group acquires Collins Walker Ltd for £1.85 million
LONDON: SDI Group plc has acquired Collins Walker Ltd, a designer and manufacturer of electric boilers, in a deal valued at approximately £1.85 million. The acquisition marks a strategic expansion into the high-growth, regulatory-driven electric boiler sector, aligning with global net-zero initiatives. Collins Walker, based in Bedford, specializes in industrial-scale electric boilers for steam and hot water…
Emitel, Orange Polska ink long-term deal to expand mobile network in Poland
WARSAW: Emitel, a Polish telecommunications infrastructure company, has signed a long-term agreement with mobile network operator Orange Polska to expand mobile network coverage in Poland, the companies announced. Under the deal, Emitel will construct hundreds of new telecommunications towers for Orange over the next few years under a built-to-suit model. Orange, as the anchor tenant, will…
Tasmea to acquire Flanco Group
PERTH: Tasmea has announced the execution of a Share Purchase Agreement to acquire 100% ownership of Flanco Pty Ltd and Flanco Kalgoorlie Pty Ltd, two subsidiaries of the Flanco Group. The transaction is set for completion in early May 2025. Flanco Group is a leading provider of civil services and maintenance solutions to mining and…
GenusPlus Group acquires MGC Group Holdings
PERTH: GenusPlus Group Limited (ASX: GNP) announced it has entered a binding agreement to acquire 100% of MGC Group Holdings (WA) Pty Ltd, a Western Australia-based provider of safety-critical rail systems.The acquisition includes entities associated with MGC principals Chris Newton and Mark Byrne. MGC specializes in overhead line equipment, signaling, electrical, and communications systems for…
Kelsian Group announces plan to divest Australian Tourism Assets
ADELAIDE: Kelsian Group (ASX: KLS), Australia’s largest integrated multi-modal transport provider, announced Wednesday its intention to explore the divestment of a portfolio of Australian tourism assets to streamline operations, reduce debt and enhance shareholder value. The potential divestment includes assets such as K’gari (Fraser Island) resorts, tours and ferry services, SeaLink Sydney Harbour operations, Murray…
News Corp completes sale of Foxtel to DAZN
SYDNEY: News Corporation announced Wednesday it has finalized the sale of Foxtel Group to DAZN Group Limited, marking a significant shift in its portfolio. The deal, approved by Australian regulators, includes a repayment of A$592 million in shareholder loans to News Corp and grants the company a 6% minority equity stake in DAZN. Andrew Cramer,…
Duke Capital invests £3.3 million in New Path Fire to support Elite acquisition
LONDON: Duke Capital Limited (AIM: DUKE) has announced a £3.3 million follow-on investment in New Path Fire and Security Limited to facilitate its acquisition of Elite Entrance Systems Ltd, a specialist in automatic door systems. This brings Duke’s total financing in New Path to £14.30 million, with Duke increasing its equity stake from 15.0% to…
Equipmake and CorPower Ocean sign development agreement to boost wave energy technology
LONDON: Equipmake, a leader in electrification technologies across the automotive and specialty vehicle industries, has signed a £650,000 development agreement with CorPower Ocean AB, a Swedish wave energy device developer. The collaboration marks a pivotal step in advancing wave energy technology. Under the agreement, Equipmake will design a generator and silicon carbide (SiC) inverter system…
Capital Limited signs mining services contract for Reko Diq Project Pakistan
LONDON: Capital Limited (LSE: CAPD), a leading mining services provider, announced the signing of a major mining services contract with Reko Diq Mining Pakistan Limited, operated by Barrick. This agreement marks a significant milestone for the development of the Reko Diq copper-gold project, one of the world’s largest and most cost-effective operations. The long-term contract,…
Grafton Group to acquire HSS Hire Ireland for €31.6 million
LONDON: Grafton Group plc, the international building materials distributor and DIY retailer, is pleased to announce that it has agreed to acquire the entire issued share capital of HSS Hire Ireland Limited from HSS Hire Group plc for total consideration of €31.6 million on a cash and debt free basis . The acquisition is subject…
Amcomri Group plc acquires EMC Elite Engineering Services Ltd
LONDON: Amcomri Group plc (AIM: AMCO), the United Kingdom-focused specialist in engineering services and industrial manufacturing, has successfully acquired EMC Elite Engineering Services Ltd (“EMC”), a niche provider of mechanical and electrical engineering services for power generation, process, and aggregate industries. The acquisition, finalized with an initial cash consideration of £2.5 million, marks a strategic…