LONDON: TT Electronics plc has reached an agreement to sell three business units within the GMS and Power and Connectivity divisions to the Cicor Group for a cash consideration of £20.8 million on a cash and debt free basis, subject to normal completion account adjustments. The divestment relates to business units in Hartlepool and Cardiff,…
Renalytix explores sale options after receiving takeover bid from rival
Renalytix plc, a company that uses artificial intelligence to diagnose and treat kidney disease, has announced that it is considering selling itself or its assets after receiving an unsolicited takeover offer from a larger competitor. The company, which is listed on both the London Stock Exchange and the Nasdaq, said that it has launched a…
Intertek Group agrees to acquire Base Metallurgical Laboratories and Base Met Labs US
LONDON, UK: Intertek Group plc, a Total Quality Assurance provider to a range of industries worldwide, has agreed to acquire Base Metallurgical Laboratories Ltd. and Base Met Labs US Ltd. (Base Met Labs), a leading provider of metallurgical testing services for the Minerals sector based in North America. In order to meet the demands of…
Aviva plc acquires Probitas Holdings for of £242 million
LONDON: Aviva plc announced the acquisition of Probitas Holdings for consideration of £242 million, a company announcement said. The transaction includes the acquisition of Probitas’s fully-integrated Lloyd’s platform, encompassing its Corporate Member, Managing Agent, international distribution entities and tenancy rights to Syndicate 1492. Amanda Blanc, Group Chief Executive Officer of Aviva, said: “This acquisition is…
Emma Tryti becomes new CEO of Airthings, a global leader in air quality solutions
OSLO: Airthings (AIRX), a company that offers air quality and energy-saving solutions for homes and businesses, announced today that Emma Tryti will take over as the new Chief Executive Officer. Tryti is a former executive at Vipps and Kron, two successful Norwegian fintech companies. Tryti said she was honored to lead Airthings in its next…
Arkhouse and Brigade Capital raise bid for Macy’s to $24 per share
Arkhouse Management Co. LP and Brigade Capital Management have increased their all-cash offer to buy Macy’s for $24 per share, a 51.3% premium over the retailer’s share price before their initial bid in December 2023. The buyer group, which also includes Fortress Investment Group LLC and One Investment Management US as equity partners, urged Macy’s…
Accenture Song acquires Australian consultancy, The Lumery
Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), has acquired The Lumery, a Melbourne-based marketing technology (martech) consultancy that helps leading organizations deliver seamless customer experiences and transform their marketing services, a company announcement noted. The acquisition will enhance Accenture Song’s marketing transformation capabilities and offerings in Australia, such as personalization, CRM and…
DomaCom appoints Steven James as new acting CEO
SYDNEY, AUSTRALIA: DomaCom Limited, a leading fractional property investment platform, has announced the appointment of Steven James as its acting Chief Executive Officer. James, who has been a non-Executive Director of the Company since April 2023, brings over 30 years of experience in the financial services industry to the role. James has held senior positions…
J.D. Power completes the acquisition of Autovista Group
J.D. Power, a global leader in data analytics, announced today the completion of the acquisition of Autovista Group, a leading provider of data, analytics and insights on the automotive industry in Europe and Australia. This acquisition, announced in September 2023, brings together Autovista Group’s databases, information and industry expertise with J.D. Power’s cutting-edge predictive analytics,…
Papa Johns to shut 50 UK outlets amid performance review
Papa Johns, the US-based pizza chain, has announced plans to close about 50 of its UK takeaways as part of a comprehensive review of its performance in the country. The group, which has more than 450 restaurants across the UK, said the move would allow it to invest in the right locations with the right…
NewsnReleases.com: Your Ultimate Source for Gaming and Technology News
If you are a gaming enthusiast or a tech-savvy person, you must have heard of NewsnReleases.com. It is a website that provides you with the latest and most comprehensive news, reviews, and features on video games, esports, and technology. Whether you are interested in Video Games News, PC Gaming, Mobile Gaming, Console Gaming, or VR…
OKX Ventures makes Series A investment in Taiko, a leading Ethereum Layer 2 solution
OKX Ventures, the investment arm of OKX, has announced its Series A investment in Taiko, a decentralized, Ethereum-equivalent ZK-Rollup that aims to scale Ethereum and enable a more inclusive Web3 ecosystem. Taiko is a Layer 2 solution that leverages zero-knowledge proofs (ZKPs) to achieve high scalability, low latency, and low fees, while preserving the security…