Perseus Operating Group, a part of Constellation Software Inc., has announced the acquisition of Auto-IT Pty Ltd, a leading dealer management system (DMS) provider for various industries. The deal is Perseus’ tenth acquisition in the dealership software market and will enhance its global presence and innovation capabilities. Auto-IT will continue to operate from its existing…
Virtualware appoints John A. Cunningham as President of U.S. operations
PARIS: Virtualware, the European leader in enterprise virtual reality solutions, has announced the appointment of John A. Cunningham as the President of its U.S. operations. Cunningham will lead the company’s expansion strategy in the U.S. market, where it already has a strong presence. John A. Cunningham is a veteran of the tech industry, with experience…
Veolia sells its water and infrastructure subsidiary SADE to NGE for EUR 260m
PARIS: Veolia, a global leader in ecological transformation, has completed the sale of its water and infrastructure subsidiary SADE to NGE, an independent public works group, for an enterprise value of 260 million euros. The deal was announced on Monday, after obtaining the necessary regulatory approvals and consulting with the employee representatives. SADE, which specialises…
Mirriad signs two-year deal with US media giant for in-content ads
LONDON: Mirriad, a company that specializes in inserting virtual ads and products into movies and TV shows, has secured a two-year deal with a leading US media and entertainment conglomerate. The deal will allow the US partner to use Mirriad’s platform to create new advertising inventory in its content, which reaches over 200 million viewers…
PensionBee to enter US market with strategic partnership
LONDON: PensionBee, a leading online pension provider in the UK, has announced its plans to expand into the US, the world’s largest Defined Contribution pension market. The company has signed an exclusive, non-binding term sheet with a large, US-based global financial institution, which will provide its expertise and marketing funding for the venture. PensionBee will…
Klimat X becomes Carbon Done Right, partners with AI platform to boost carbon credits
LONDON: Klimat X Developments Inc. (TSXV: KLX), a carbon project developer, has announced a name change to Carbon Done Right and a partnership with a tech-enabled platform that will enhance its carbon credit generation and distribution. The company, which operates in West Africa, will use the Carbon Quantification System (CQS™) developed by its partner, also…
Saietta Group goes into administration after failing to find a buyer
Saietta Group, the electric motor company, has announced that it has entered administration after failing to secure a deal with a potential buyer or raise enough funds to keep the business afloat. The company, which had been conducting a strategic review of its options since February, said that it had received some genuine interest from…
Induver and Clover merge to form Belgium’s leading corporate insurance broker
LONDON: Induver and Clover, two of Belgium’s leading independent corporate insurance brokers, have announced their merger to create a new market leader in the sector. The combined business will benefit from the support of Hg, a leading investor in software and services businesses, as a minority shareholder. The merger brings together Induver’s premium positioning and…
SolGold partners with Ecuadorian & American firms to power Cascabel with renewable energy
SolGold PLC, the developer of the flagship Cascabel copper-gold project in northern Ecuador, has signed a Memorandum of Understanding (MOU) with three leading companies to develop a sustainable power project that will deliver about 200 megawatts of clean, renewable energy to the Cascabel site. The partners are Grupo Empresarial Semaica, a major construction company in…
Sir Stephen Hillier to lead UK Civil Aviation Authority until 2028
LONDON: The UK Civil Aviation Authority (CAA) has announced that its Chair, Sir Stephen Hillier, has been re-appointed for another four years by the Secretary of State for Transport. Sir Stephen, who took up the role in August 2020, will continue to oversee the regulator’s core mission of ensuring the safety, security, and consumer interests…
TotalEnergies and Bapco Energies join forces to optimize Bahrain’s refinery and energy trading
PARIS: TotalEnergies, a global integrated energy company, and Bapco Energies, the leading energy company in Bahrain, have agreed to cooperate in optimizing the Sitra refinery and trading the petroleum products produced there. The agreement was reached during a meeting in Bahrain between Patrick Pouyanné, Chairman and CEO of TotalEnergies, His Highness Shaikh Nasser bin Hamad…
Helios Underwriting appoints Adhiraj Maitra as Chief Operating Officer
LONDON: Helios Underwriting Plc, the investment vehicle which provides shareholders with a spread participation at Lloyd’s, announced the appointment of Mr Adhiraj Maitra to the newly created role of Chief Operating Officer (COO), a company announcement noted. Adhiraj Maitra (BSc, MSc, Actuary) joins Helios from Canopius where he is the Group Head of Sustainability. Over…