LONDON, UK: Woodbois Ltd (AIM:WBI), a leading company in the international timber industry, announced its decision to divest its operations in Mozambique. The Group has signed a Letter of Intent (“LOI”) for the sale of the legal entities associated with its Mozambique operations to a local purchaser. A comprehensive sale agreement is expected to be…
HeraMED partners with FemBridge to create maternal health solution
SYDNEY: HeraMED Limited (ASX:HMD), a pioneer in digital maternity care, has announced a definitive agreement with FemBridge to create a scalable maternal health solution. This collaboration aims to enhance maternal healthcare from preconception to postpartum, focusing on mental wellbeing. FemBridge’s holistic approach integrates Social Determinants of Health, advanced technology access, home monitoring for maternal and…
Macfarlane Group has acquired Allpack Packaging Supplies Limited
LONDON: Macfarlane Group announced the acquisition of Allpack Packaging Supplies Limited (Allpack). This earnings-enhancing acquisition further progresses Macfarlane’s strategy to build its protective packaging business through a combination of organic and acquisitive growth. A well-established business based in East Anglia, supplying protective packaging products to customers across a wide range of sectors, from its warehouse…
Ørsted divests share of four US onshore wind farms to Stonepeak for $300 million
LONDON: Through the partnership with Stonepeak, Ørsted will recycle capital to support its business plan and future value-creating renewable energy projects. Ørsted has signed a transaction with Stonepeak, a leading alternative investment firm specialising in infrastructure and real assets, whereby Ørsted will divest to Stonepeak an equity ownership stake in a portfolio consisting of four…
Advanced Medical Solutions Group signs deal to acquire Peters Surgical for €141.4 million
CLOSING OF PETERS SURGICAL ACQUISITION WINSFORD, UK: Advanced Medical Solutions Group plc (AIM: AMS), a premier innovator in the field of tissue-healing solutions, signed a deal for the intended purchase of Peters Surgical, a foremost international supplier of specialty surgical sutures, mechanical haemostasis, and internal cyanoacrylate devices. The aggregate maximum monetary compensation is set at…
Voyager Plc and Northern Leaf plc have agreed to merge
LONDON, UK: Voyager Plc has signed heads of terms with Northern Leaf plc for a merger of the two companies. The merger would value the enlarged group at in excess of £5 million, based on Voyager’s current share price of 11 pence and assuming that the deferred consideration is settled in full. The deferred consideration…
UMAMI Bioworks acquires Shiok Meats, an Agronomics portfolio company
LONDON: Agronomics (LSE: ANIC) has announced the acquisition of its portfolio company, Shiok Meats, by UMAMI Bioworks Pte. Ltd. The deal, structured as a share-for-share exchange, marks a significant step towards the scalable production of sustainable seafood. UMAMI Bioworks, a Singapore-based trailblazer in cultivated seafood, employs cutting-edge stem cell technology, machine learning, and automation in…
Dynasty Gaming & Media to acquire Googly Media Holdings for $7.6 million
LONDON, UK: Blue Star Capital plc, an investment firm specializing in esports, payments, and technology, has announced that its investee, Dynasty Gaming & Media Pte Ltd, has agreed to acquire Googly Media Holdings Pte Ltd. The deal, valued at approximately $7.6 million, will result in a combined entity worth $15 million. The acquisition, effective from…
ArcelorMittal acquires 28.4% stake in Vallourec
AMSTERDAM: ArcelorMittal has announced the acquisition of a 28.4% stake in Vallourec, amounting to 65,243,206 shares, at a price of €14.64 per share. This deal, valued at approximately €955 million, was secured through a Share Purchase Agreement with Apollo Global Management, Inc. The transaction is pending regulatory approval and is anticipated to conclude in the…
Parkway Corporate Limited has acquired Tankweld Group
SYDNEY, AUSTRALIA: Parkway Corporate Limited (ASX: PWN, FSE: 4IP), a renowned industrial process technology company, has announced the complete acquisition of Tankweld Engineering Service Pty Ltd and Tankweld Installations Pty Ltd, collectively known as the Tankweld Group. This acquisition marks a major step for Parkway in enhancing its capabilities in advanced project execution and industrial…
Identidad acquires VoIP pioneer SwitchRay
Identidad, a leading telecommunications innovator, has officially acquired SwitchRay, a renowned VoIP solutions provider, previously managed by 46 Labs. The acquisition, effective March 8, 2024, positions Identidad to leverage SwitchRay’s advanced softswitch infrastructure to deliver superior customer support and expand its service offerings. Identidad, with over two decades of experience in VoIP, SMS A2P, and…
Dowlais Group appoints Jean-Marc Durbuis as new CEO of GKN Powder Metallurgy
Dowlais Group Plc, the specialist engineering firm focused on the automotive sector, has appointed Jean-Marc Durbuis as the new Chief Executive Officer of GKN Powder Metallurgy. Jean-Marc joins the company on 12 March. This appointment follows Diego Laurent’s departure from the business after 31 years of service at GKN. Jean-Marc will bring extensive commercial, operational…