PARIS: FDE, a carbon negative energy producer listed on Euronext, announced today that it has completed the acquisition of a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The acquisition, which was announced on January 16th 2024, aims to further strengthen…
Ransa acquires Loginsa, expands logistics network in Latin America
Ransa, the leading third-party logistics (3PL) player in Latin America, has acquired Loginsa, a Chilean 3PL company specialized in cold and dry storage, distribution, and customized logistics. The deal, backed by H.I.G. Capital, a global alternative investment firm, strengthens Ransa’s footprint across the entire Pacific Coast of Latin America, spanning 12 countries from Mexico to…
IMCD N.V. posts gross profit of EUR 1.12 billion in 2023
AMSTERDAM: IMCD N.V., a global leader in the distribution and formulation of speciality chemicals and ingredients, announced its full year 2023 results today. The company reported a gross profit of EUR 1,123 million, a 2% increase on a constant currency basis, and a free cash flow of EUR 554 million, a 28% increase from 2022….
Frontpoint Health acquires High Plains Senior Care Group
Frontpoint Health, a leading Home Health and Hospice platform, has announced the acquisition of High Plains Senior Care Group (HPSC), a large Home Health and Hospice company in Texas. The deal will enhance Frontpoint’s ability to provide care to Medicare Advantage patients in over 176 counties throughout Texas and the Southeast. Frontpoint Health, a portfolio…
Marula Mining secures commercial interest in Kenyan manganese mine
LONDON: Marula Mining (AQSE: MARU), an African focused mining and development company, has announced a deal with Gems and Industrial Minerals Limited (GIM), a Kenyan manganese mine operator, for a stake in the Larisoro Manganese Mine in Northern Kenya. The Larisoro Manganese Mine is a shallow open pit mine that produces high-grade manganese ore, which…
Babcock International awarded contract to refit UK nuclear submarine
LONDON: Babcock International and the UK’s Submarine Delivery Agency (SDA) have agreed a full cost recovery contract worth an estimated £560 million to undertake the planned deep maintenance and life extension programme for HMS Victorious, one of the UK’s Vanguard Class nuclear submarines. The multi-year life extension programme will deliver HMS Victorious back to the…
Mortgage Chat partners with Accru to develop AI-powered mortgage app
LONDON: Mortgage Chat (AQSE: MCAI), a technology company developing AI products for the mortgage sector, has signed a software development agreement with Accru Finance Ltd, a company controlled by one of its directors. According to the agreement, Accru will design and develop a web-based application that can answer mortgage-related queries and a responsive website for…
Silverwood Brands to acquire Cosme Science Corporation and Dr. Baeltz Corporation
LONDON, UK: Silverwood Brands plc has agreed to acquire Cosme Science Corporation, a premier Japanese manufacturer of beauty products, and its 100% subsidiary, Dr. Baeltz, a pioneering skincare and self-care brand, from its parent company Hokkan Holdings Corporation. The acquisition is to be conducted through Silverwood’s Japanese subsidiary, Sonotas Corporation, with a projected closing date…
Luceco plc has acquired D-Line Europe for £12.4 million
LONDON, UK: Luceco plc, the supplier of wiring accessories, EV chargers, LED lighting, and portable power products, has acquired the entire issued share capital of D-Line (Europe) Limited, the supplier of cable management solutions, from sellers including the founder for initial cash consideration of £8.6m and up to £3.8m of contingent consideration, on a cash…
ITV Sells its 50% Share of BritBox International to BBC Studios for £255 million
LONDON, UK: ITV plc has announced that it has sold its entire 50% interest in digital subscription streaming service BritBox International to its joint venture partner BBC Studios for a cash consideration of £255 million. The transaction will provide net proceeds including loan repayments and accrued dividends and after tax of around £235 million. The…
ParagonCare and CH2 announce merger to create healthcare distribution giant
SYDNEY, AUSTRALIA: ParagonCare, a leading provider of healthcare equipment and services, has agreed to merge with CH2, a national distributor of pharmaceuticals and medical products, in a deal worth $201.5 million. The merger will create a diversified and complementary healthcare distribution and wholesaling group, with combined revenues of $3.3 billion and EBITDA of $93 million…
Acrow acquires Benchmark Scaffolding for $9 million, boosts FY24 guidance
SYDNEY, AUSTRALIA: Acrow Limited (ASX: ACF), a leading provider of scaffolding and formwork solutions, has announced the successful acquisition of Benchmark Scaffolding, a North Queensland-based company specialising in industrial, mining, and infrastructure projects. The acquisition, effective 1 March 2024, is valued at $9 million, comprising of cash, equity, and deferred payments. There is also potential…