ITT Inc., a diversified manufacturer of critical components and technology solutions, announced today that it has completed its acquisition of Svanehøj Group A/S, a Danish company that specializes in pumps and services for low-emission and green fuels in the marine sector. The deal, which was announced on Nov. 1, 2023, is valued at €300 million…
VPS Hosting for E-commerce: Boosting Performance and Sales
In the fast-paced world of e-commerce, where every second counts, the choice of hosting can significantly impact the success of your online store. This brings us to the game-changer: Virtual Private Server (VPS) hosting. Tailored for the unique demands of e-commerce, VPS hosting emerges as a powerhouse solution, promising to revolutionize your website’s performance, enhance…
ECIT AS has acquired 24.98% stake in the Norwegian software firm Zirius AS
OSLO, NORWAY: ECIT AS has acquired 24.98% stake in the Norwegian software company Zirius AS. The investment strengthens ECIT`s position within accounting software in Norway and is a good fit to the digital development in ECIT. ECIT is acquiring 24.988 % of the shares in Zirius, with an opportunity to invest further in Zirius in…
John Bean Technologies proposes to acquire Marel in a euro 2.7 billion deal
AMSTERDAM: John Bean Technologies Corporation (JBT), a US-based food processing and air transportation technology company, has expressed its interest in acquiring Marel, an Icelandic company that provides equipment and software for the food industry. John Bean Technologies has offered 3.60 euros per share for all outstanding shares in Marel, valuing the company at 2.7 billion…
Edgewater Equity Partners has acquired Ascent Technologies
Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services regulatory…
Air Astana confirms to launch dual listing in London and Kazakhstan
LONDON, UK: Air Astana, Kazakhstan’s flag carrier, has confirmed its plans to go public in a dual listing on the London Stock Exchange (LSE) and the Astana International Exchange (AIX) in February 2024. The airline will also list its shares on the Kazakhstan Stock Exchange (KASE). The initial public offering (IPO) will include both new…
ORIT exits from Spanish solar projects
LONDON: ORIT has elected to terminate its option to acquire 175MW of ready-to-build solar projects in Spain. ORIT originally entered into a conditional acquisition agreement over the sites in 2020, however, having reassessed the projects on a risk-adjusted basis and taking into account the Company’s approach to capital allocation, exiting the option at a value…
Custodian Property Income REIT to acquire abrdn Property Income Trust for £237m
LONDON, UK: Custodian Property Income REIT plc (CREI) and abrdn Property Income Trust Limited (API) have agreed to merge in an all-share deal that values API at £237 million. The merger will be implemented by a Court-approved scheme of arrangement, under which API shareholders will receive 0.78 new CREI shares for each API share they…
CEVA Logistics UK agrees to acquire Wincanton Plc for £566.9 million
LONDON, UK: CEVA Logistics UK Rose Limited, a company controlled by CMA CGM has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Wincanton Plc. The acquisition is intended to be affected by means of a scheme of arrangement. Under the terms, each…
Louis Dreyfus Company signs deal to acquire Namoi Cotton for $0.51 per share
SYDNEY, AUSTRALIA: Namoi Cotton Limited has entered into a Scheme Implementation Agreement (SIA) with Louis Dreyfus Company Asia Pte. Ltd. (LDC) to acquire the remaining 83% of issued shares in Namoi that it does not currently own, by way of a scheme of arrangement. Under the Scheme, Namoi shareholders will receive a total cash consideration…
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS)
Payroll Growth Partners (PGP) has acquired School Payroll Services (SPS), a leading provider of payroll services for charter schools in the US. The acquisition will enable School Payroll Services to access Payroll Growth Partners’s state-of-the-art payroll technology, which includes innovative features such as the WageLink App and Early Wage Access (EWA) services. The deal will…
Cool Effect appoints Jodi Manning as new CEO
Cool Effect, a Bay Area-based nonprofit that supports carbon projects around the world, has announced the promotion of Jodi Manning to Chief Executive Officer (CEO), effective immediately. Manning, who joined the organization in 2015, has played a key role in driving its growth, development and impact. Manning has held various positions at Cool Effect, managing…