LONDON, UK: Alternative Income REIT PLC (AIRE), a UK commercial property investor, has acquired a Virgin Active leisure club in Streatham, South-West London, for £5.1 million. The deal reflects a high yield of 9.8% and a discount to replacement cost. The company said the purchase redeploys most of the proceeds from the sale of the…
Focusrite plc has acquired Sheriff Technology Limited, trading as OutBoard
LONDON, UK: Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, announced the acquisition of Sheriff Technology Limited, trading as OutBoard. The initial cash consideration of £2.37 million will be funded from internal cash resources and existing facilities. There…
Motorola Solutions acquires IPVideo, producer of the HALO Smart Sensor
Motorola Solutions (NYSE: MSI) has announced the acquisition of IPVideo, a New York-based company that produces the HALO Smart Sensor, a device that can detect various health and safety hazards in real time. The sensor can be used in places where cameras are not appropriate, such as restrooms and hotel rooms, to enhance security and…
Hyperdrive Agile Leadership acquires Scaled OKRs
Hyperdrive Agile Leadership, a leader in agile management solutions, has acquired Scaled OKRs, a premier company in objective and key results (OKR) frameworks, on December 1, 2023. This acquisition marks a new era in the integration of agile methodologies with strategic objective setting, providing clients with a powerful framework to achieve ambitious goals and adapt…
ADM to acquire Revela Foods, a dairy flavor innovator
ADM, a global leader in nutrition, announced today that it has agreed to acquire Revela Foods, a Wisconsin-based company that develops and produces dairy flavor ingredients and solutions. The deal would enhance ADM’s flavors portfolio in the dairy and savory segments, which are worth $1.8 billion and $3.2 billion respectively. Revela Foods, which has been…
Rebellion Defense appoints Ben FitzGerald as new CEO
Rebellion Defense, a leading software company for defense missions, has announced that Ben FitzGerald will become its new CEO from 1 January 2024. FitzGerald, who has been the Executive Chair since May 2023 and an early investor since 2019, will replace Barry Sowerine, who will join the Board of Directors. FitzGerald was chosen after a…
Monash IVF Group acquires Fertility North Holdings for $12m
SYDNEY, AUSTRALIA: Monash IVF Group, a leading provider of assisted reproductive services, has announced the acquisition of 80% of Fertility North Holdings, a Perth-based fertility clinic, for an estimated $12m. The deal will add eight fertility specialists to Monash IVF’s team and increase its net profit by 4%. Monash IVF may buy the remaining 20%…
Pacific Smiles Group appoints Andrew Vidler as new CEO &MD
SYDNEY, AUSTRALIA: Pacific Smiles Group (ASX: PSQ), a leading Australian dental service provider, has announced the appointment of Mr Andrew Vidler as its new Managing Director and Chief Executive Officer, effective from 15 January 2024. Mr Vidler has over 20 years of experience in the healthcare and pharmacy sectors, having held senior roles at Wesfarmers…
Malik Riaz’s Bahria Town Karachi: A Dream Turned Nightmare
Bahria Town Karachi (BTK) was once hailed as the largest and most luxurious private housing scheme in Pakistan, promising a modern and secure lifestyle for its residents. However, the project has been plagued by a series of scandals, controversies, and legal battles that have exposed its shady dealings, poor quality, and environmental damage. BTK has…
Pakistan’s internet shutdown sparks controversy and criticism
Country’s telecom authority, the Pakistan Telecommunication Authority (PTA), has reportedly launched an investigation into the alleged internet shutdown that occurred on Sunday, ahead of a virtual meeting of the opposition party Pakistan Tehreek-i-Insaf (PTI). Prime Minister Imran Khan, is facing corruption and immorality charges. Khan’s tenure is marred with misgovernance and inefficiency. Nonetheless, the popular…
LondonMetric and LXi in talks over possible merger
LONDON: LondonMetric Property plc and LXi REIT plc, two UK-based real estate investment trusts (REITs), have confirmed that they are exploring a possible all-share merger that would create a £6.4 billion property giant. The two companies issued a joint statement on Monday, following recent media reports, saying that they are in discussions about a deal…
IBM to acquire Software AG’s StreamSets and webMethods platforms for $2.33 billion
IBM on Monday said that it would buy Software AG’s enterprise technology platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software AG’s StreamSets and webMethods platforms with available cash on hand, it said. The platforms provide application integration, application programming interface (API) management, and…