Pakistani banks dominated the list of the best-performing bank stocks in the Asia-Pacific region in the last quarter of 2023, as the Pakistan Stock Exchange (PSX) soared to new heights amid improved economic outlook and investor confidence. According to data from S&P Global Market Intelligence, 11 Pakistani banks were among the top 15 bank stocks…
How Sony’s new system will revolutionize spatial content creation
Sony Corporation has unveiled development plan of a new system for creating immersive spatial content, which consists of an extended reality (XR) headset with high-quality 4K OLED microdisplays and video see-through capability, and a pair of controllers that enable easy interaction with 3D objects and accurate pointing. To be released later in 2024, the system…
Africa Oil Corp. announces farmout deal with TotalEnergies for offshore Namibia oil interests
VANCOUVER: Africa Oil Corp. (AOC) has announced a farmout deal with TotalEnergies for its offshore Namibia oil interests. The deal will see AOC’s investee company, Impact Oil and Gas, receive a 9.5% stake in two blocks that are part of the Venus oil development project. Impact will also get a cash reimbursement of about USD…
Compre Group acquires portfolios of European casualty and motor liabilities
LONDON, UK: Compre Group Holdings Limited, the Bermuda-domiciled international legacy group, today announced the acquisition of two portfolios of European casualty and motor liabilities from separate undisclosed international insurance groups. All necessary approvals have been granted by Bermudian and European regulators, allowing Compre’s class 3B Bermudian reinsurer Pallas Reinsurance Company Ltd. to reinsure approximately €200m…
EPC Group acquires Spanish measuring instrument companies Vibraquipo and Vibratesting
PARIS, FRANCE: EPC Group, a French leader in the field of explosives, demolition and drilling-mining, announced on January 9, 2024 that it has acquired 100% of the shares of Vibraquipo and Vibratesting, two Spanish companies specialized in the design, sale and calibration of measuring instruments for mines and quarries. The acquisition will allow EPC Group…
Elis signs deal to acquire Moderna Holding BV in the Netherlands
SAINT-CLOUD: Elis, the global leader in circular services at work, today announced the signing of an agreement to acquire 100% of Moderna Holding BV in the Netherlands. The closing of the transaction is expected to occur before the end of Q1 2024, subject to the standard regulatory reviews. Moderna operates a very modern plant that…
Equipmake doubles its contract with Big Bus Tours to electrify 20 London buses
LONDON: Equipmake, a UK-based engineering specialist in electrification products, has announced that it has doubled its contract with Big Bus Tours Limited, a leading global operator of open-top sightseeing tours. The contract, worth £3.5 million, involves repowering 20 Ankai London Bus class buses with Equipmake’s integrated zero emission drivetrain system. The repowered buses will have…
Hunting PLC appoints Stuart M. Brightman as Chair of the company
LONDON: Hunting PLC (LSE: HTG), the precision engineering group, announced the appointment of Stuart M. Brightman as non-executive Chair of the Company with effect from the conclusion of Hunting’s Annual General Meeting (“AGM”) to be held on 17 April 2024. Stuart will succeed John (“Jay”) Glick who will retire at the conclusion of the AGM,…
The Property Franchise Group and Belvoir Group agree to merge in a £214.4 million deal
LONDON: UK: The Property Franchise Group PLC (TPFG) and Belvoir Group PLC (Belvoir) have announced a recommended all-share merger to create a leading property franchise business in the UK. The combined group will have more than 930 property franchise locations, managing over 152,000 tenanted properties and selling more than 28,000 properties per year. Under the…
Pennon Group has acquired SES Water at a total enterprise value of £380 million
LONDON, UK: Pennon Group plc has acquired 100% of the issued capital of Sumisho Osaka Gas Water UK Limited (SOGWUK), the holding company of Sutton and East Surrey Water plc (SES Water) and certain other ancillary businesses, for £89 million from Sumitomo Corporation and Osaka Gas, with a total enterprise value of £380 million. Pennon…
Oxford Instruments plc has acquired First Light Imaging SAS for €18.7 million
LONDON, UK: Oxford Instruments plc today announced the acquisition of First Light Imaging SAS, a scientific camera specialist. Based near Aix-en-Provence, France, and founded in 2011, First Light specialises in the design and manufacture of high-speed, low-noise scientific cameras for infrared and visible imaging, with applications in astronomy and life sciences. It will become part…
Smith+Nephew has acquired CartiHeal, developer of Agili-C
LONDON: Smith+Nephew, the global medical technology company, announced that it has completed the acquisition of CartiHeal, developer of Agili-C, a novel sports medicine technology for cartilage regeneration in the knee. Agili-C is an off-the-shelf one-step treatment for osteochondral (bone and cartilage) lesions with a broader indication than existing treatments. It is indicated to treat a…