LONDON, UK: Verditek plc, a clean technology company, has announced that it will sell its solar business to a new company formed by its bondholders for £528,340 in notes and £50,000 in cash. The deal is subject to due diligence, shareholder approval, and completion by 29 February 2024. The solar business includes Verditek Solar Italy,…
Barratt Developments and Redrow Plc agree to merge in £2.5 billion deal
LONDON, UK: Barratt Developments, the UK’s largest homebuilder, has announced that it will acquire its rival Redrow Plc in a £2.5 billion deal that will create a market leader in quality, service and sustainability. The boards of both companies have agreed to the terms of the all-share offer, which will see each Redrow Plc shareholder…
Spirit Technology acquires InfoTrust for $34.6M to boost cyber security business
SYDNEY, AUSTRALIA: Spirit Technology Solutions (ASX:ST1), a leading provider of secure digital transformation and modern work environments, has announced the acquisition of InfoTrust, a Sydney-based cyber security company, for $34.6 million. The deal, which is fully funded by a placement to a significant shareholder and an issue of Spirit shares, will scale Spirit’s cyber security…
BWP Management Limited makes $246.8 million bid for Newmark Property REIT
SYDNEY, AUSTRALIA: BWP Management Limited (BWPM), the responsible entity for BWP Trust (BWP), has launched an all-scrip offer to acquire all the securities of Newmark Property REIT (NPR) for an implied price of $1.39 per security, representing a 43.1% premium to NPR’s closing price on 23 January 2024. The offer is unanimously recommended by the…
Otovo and Meyer Burger join forces to offer European solar modules
OSLO, NORWAY: Otovo, Europe’s leading marketplace for solar installations, today announced the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February. This collaboration underlines the joint commitment to building a more resilient and sustainable energy infrastructure in Europe. As part of this initiative, Meyer Burger’s high-quality solar products…
Bruker Corporation acquires Spectral Instruments Imaging
Bruker Corporation, a leading provider of scientific instruments and solutions, has announced the acquisition of Spectral Instruments Imaging LLC (SII), a pioneer in preclinical in-vivo optical imaging systems. The deal will enhance Bruker’s portfolio of preclinical solutions for disease research, adding SII’s advanced bioluminescence, fluorescence, and X-ray imaging technologies. SII, founded in 2009 in Tucson,…
Andrew Irvine to lead National Australia Bank as new CEO
SYDNEY, AUSTRALIA: National Australia Bank (NAB) has announced that Andrew Irvine will take over as its Group Chief Executive Officer and Managing Director from 2 April 2024. He will replace Ross McEwan, who will retire after more than four years at the helm of the bank. Mr Irvine, who joined NAB in 2020 as Group…
Reading Truck acquires General Truck Body, expands nationwide presence
Reading Truck Group, LLC, a leading manufacturer and distributor of work truck bodies and equipment, announced on Wednesday that it has acquired General Truck Body, a south-central manufacturer and upfitter of work truck bodies, equipment and custom engineered trucks. General Truck Body, a fourth-generation family-owned business, has been a Reading distributor for over 20 years…
Manawa Energy appoints Clayton Delmarter as Chief Executive
SYDNEY, AUSTRALIA: Manawa Energy announced that Mr Clayton Delmarter has been appointed to the permanent role of Chief Executive, effective immediately. Manawa Energy Chair, Deion Campbell said: “the board undertook a lengthy, independent and international search for the right person to lead the company. Clayton was the standout candidate from this process, with the depth…
Sterling Specialty Chemicals acquires Kemira’s Energy division for $280 million
Sterling Specialty Chemicals, a subsidiary of Artek US and part of the Praana Group, has announced the acquisition of Kemira’s Energy division for approximately $280 million. The deal will create a global specialty chemicals business with a focus on water, energy, and sustainability solutions. The acquired division will be integrated with Sterling Specialty Chemicals, which…
Rain secures $300 million from Clear Haven Capital Management
Rain, a platform that allows employees to access their earned wages in real-time, announced today that it has secured $300 million in financing from Clear Haven Capital Management. The new funding will help Rain scale its offering to more employers and employees, who can benefit from greater financial control and well-being. Rain’s platform enables employees…
OptConnect acquires M2M DataGlobal to expand IoT services in the Americas
OptConnect, a leading provider of managed wireless services, announced today that it has acquired M2M DataGlobal, one of the largest and most professional IoT organizations in Latin America. The acquisition will enhance OptConnect’s ability to offer reliable and scalable wireless connectivity solutions to customers in various industries and regions across North and South America. M2M…