CrowdStrike, a leading cybersecurity company, has partnered with Ignition Technology, a specialist SaaS cybersecurity distributor, to expand its presence in the UK market. The partnership will enable Ignition Technology to offer the AI-native CrowdStrike XDR Falcon platform, which can stop cyberattacks, to its network of solution providers and customers. Ignition Technology will also leverage its…
Expro to acquire Coretrax for $210 million
Expro, a leading provider of energy services, announced today that it had agreed to buy Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity and production optimization solutions, for approximately $210 million. The deal, which is expected to close in the second quarter of 2024, will enable Expro to expand its…
DP World Marine Services launches new direct service for fruit exporters in Colombia and Panama
DUBAI: DP World Marine Services, a leading global provider of shipping solutions, has launched a new direct service for fruit exporters in Colombia and Panama. The service connects four ports in Colombia – Turbo, Santa Marta, Cartagena, and Barranquilla – and the port of Manzanillo in Panama, providing the best coverage for containerised cargo in…
Emirates Steel Arkan posts 18% rise in net profit in 2023
ABU DHABI: Emirates Steel Arkan, a leading steel producer in the UAE, announced on Tuesday that it achieved a net profit of AED 601.9 million in 2023, an increase of 18% from AED 510.2 million in 2022. The company attributed the growth to higher sales volumes, improved product mix, and operational efficiency. The company also…
TRIG acquires Bristol-based energy developer Fig Power
LONDON: TRIG, a leading renewable energy investment company, has announced the acquisition of Fig Power, an energy projects developer specialising in battery storage. The deal is worth c. £20m over the next two years, with half of the amount paid upfront and the rest invested in ongoing development. Fig Power has a 1.7GW development pipeline…
Union Jack Oil signs two farm-in deals with Reach in Oklahoma
LONDON, UK: Union Jack Oil plc, a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced that it has signed two farm-in agreements with Reach Oil & Gas Company Inc in Oklahoma, USA. The first deal gives Union Jack a 75% stake in a well that will test the Footwall Fold…
Flame Acquisition Corp. and Sable Offshore Corp. to merge and trade on NYSE
Flame Acquisition Corp. (Flame), a blank check company, and Sable Offshore Corp. (Sable), a streamlined production unit, have received the green light from Flame’s stockholders to merge and become a publicly traded company. The business combination was approved by the requisite number of shares of Flame common stock voted at the special meeting on February…
HighCom CEO resigns, Executive Chairman takes charge
SYDNEY, AUSTRALIA: HighCom Limited (ASX:HCL), a leading provider of armour and technology solutions, announced today that Mr. Scott Basham has stepped down as Group CEO, effective immediately. The Board thanked Mr. Basham for his role in transforming the business since 2021, according to company news. The Company’s operations will be led by the divisional heads:…
Horizon Minerals and Greenstone Resources announce merger to create a gold mining powerhouse
SYDNEY, AUSTRALIA: Horizon Minerals Limited (ASX: HRZ) and Greenstone Resources Limited (ASX: GSR) have announced a merger that will create a gold mining powerhouse in the Western Australian Goldfields, a financial news announcement noted. The merger will be conducted by way of schemes of arrangement, whereby Horizon will acquire 100% of the fully paid ordinary…
Hansen Technologies acquires German software firm powercloud GmbH for EUR 30m
SYDNEY, AUSTRALIA: Hansen Technologies Limited (ASX: HSN) has announced that it has acquired 100% of the security interests of powercloud GmbH for an equity value of EUR 30m (~AUD $49m). powercloud GmbH is a leading provider of billing and customer management software products for utility companies and regional municipalities in Germany. According to a company…
RWC acquires Holman Industries for A$160 million
SYDNEY, AUSTRALIA: Reliance Worldwide Corporation Limited (RWC), a global leader in plumbing solutions, has announced the acquisition of Holman Industries, a leading manufacturer and distributor of plumbing and watering products in Australia, for A$160 million (US$105 million). According to the business announcement, the deal, which reflects a 7.0 times multiple of Holman’s last twelve months…
Beacon acquires Metro Sealant, expands waterproofing division
Beacon, a leading distributor of building products, announced the acquisition of Metro Sealant, a company that provides sealant and waterproofing solutions for commercial construction. The deal strengthens Beacon’s position as a national leader in specialty waterproofing. Metro Sealant, founded in 1989, has four branches in Virginia and Maryland, and serves contractors, design professionals, and owners…