SYDNEY: Steven Gregg, the current Chairman and director of The Lottery Corporation (TLC), will step down from his roles on 31 March 2024. He will focus on his new position as a director and Chairman-elect of Westpac Banking Corporation, which he was appointed to in October 2023. The Board has chosen Dr Doug McTaggart, a…
Dynamic Group acquires Airwell Flow Testing for A$2m
SYDNEY: Dynamic Group Holdings Limited (ASX: DDB), a water services company, has announced the acquisition of Airwell Flow Testing, a division of Airwell Group Pty Ltd, for A$2 million. The deal is expected to be completed in February 2024, with A$1.5 million paid upfront and A$0.5 million deferred until August 2024. Airwell Flow Testing is…
Peter Warren to buy Macarthur Mazda, Macarthur MG, Macarthur Nissan, Macarthur LDV
SYDNEY: Peter Warren Automotive Holdings announced the planned acquisition of a multi-franchised dealership group in Macarthur, New South Wales from entities associated with Mr Greg Oakman. The businesses to be acquired are Macarthur Mazda, Macarthur MG, Macarthur Nissan and Macarthur LDV. The acquisition consideration, which includes goodwill plus net assets at completion, will be funded…
MLC CAD Systems acquires Equivaq Software
MLC CAD Systems, a leader in design and manufacturing solutions, has acquired Equivaq Software, a provider of PDM add-ons and consulting services. “This strategic move is a significant step forward in our commitment to expanding our services and enriching our offerings to serve our customers better,” says Kevin Schreiner, Sales Director at MLC. The acquisition…
Emplifi appoints Ohad Hecht as new CEO
Emplifi, a leading customer engagement platform, today announced Ohad Hecht as its new CEO. Hecht, a former co-founder and CEO of Prodport and Emarsys, will focus on cultivating a winning culture, embracing a customer-centric strategy, and continuing to build a best-in-class, innovative customer engagement solution. Emplifi has achieved multiple milestones in the last few years,…
Synopsys to buy Ansys for $35 billion in biggest tech deal of the year
Synopsys, a leading provider of software for chip design, announced on Tuesday that it has agreed to acquire Ansys, a maker of simulation software for various industries, in a cash-and-stock deal valued at $35 billion. According to Reuters, the deal, which is the largest in the technology sector since Broadcom‘s $69 billion acquisition of VMware…
Shell sells Nigerian onshore oil and gas business for $2.4 billion
After nearly 100 years of running Nigerian onshore oil and gas, Shell has decided to sell its subsidiary there for up to $2.4 billion to a group of five companies, mostly based in Nigeria. The buyer is the Renaissance consortium, which includes ND Western, Aradel Energy, First E&P, Waltersmith, all local oil exploration and production…
Bleu, a new cloud service provider for France, prepares for launch
PARIS: Bleu, a joint venture of Capgemini, Orange and Microsoft, is ready to offer its “cloud de confiance” services to French public and private organizations, starting from the end of 2024. Bleu aims to meet the specific cloud needs of the French State, public agencies, hospitals, regional authorities, and other critical operators, using Microsoft 365…
Ken Porpora appointed CEO of Horizon Group Holdings
Horizon Group Holdings, a leading provider of residential plumbing, electrical, heating and air conditioning services, has appointed Ken Porpora as its new Chief Executive Officer. Ken Porpora has over 25 years of experience in the home services industry, having held various senior roles at ADT, the leading provider of security, interactive and smart home solutions…
Atalaya Leasing appoints Jeff Fields as President
Atalaya Capital Management LP, a leading alternative investment management firm, announced today that Jeff Fields has joined as President of Atalaya Leasing, its equipment backed investment strategy. Jeff Fields, former CEO of Chesswood Capital Management and a veteran of RBC Capital Markets, will work with Rana Mitra, Head of Leasing at Atalaya, to expand its…
Moda completes sale of Vopak Moda Houston terminal interest
Moda Midstream and its financial sponsor EnCap Flatrock Midstream completed the previously announced sale of Moda’s 50 percent interest in the Vopak Moda Houston terminal joint venture to Madrid-based Exolum, a leading European logistics company for liquid products, with operations in nine countries. Terms of the agreement were not disclosed. “Moda has again accomplished its…
AI to reshape global economy and job market, IMF warns
A new report from the International Monetary Fund (IMF) says that artificial intelligence (AI) will have a profound impact on the global economy and the future of work, bringing both opportunities and challenges. The report, titled Gen-AI, estimates that 40 per cent of jobs worldwide will be affected by AI, either by enhancing productivity or…