LONDON, UK: Serco Group Plc has agreed to acquire European Homecare (EHC), a specialist provider of immigration services to public sector customers in Germany. The business is to be acquired from Korte-Stiftung for €40m (£34m). In the year ended 31 December 2023, revenue for European Homecare (EHC) is expected to be around €150m (£130m). Completion…
Chris Weston to be appointed Thames Water Chief Executive Officer
LONDON, UK: Thames Water Utilities Finance plc announced the appointment of Chris Weston as Chief Executive Officer of Thames Water Utilities Limited with effect from 8 January 2024. Chris Weston was formerly CEO of FTSE 250 Aggreko plc for seven years, a multi-national business operating in 45 countries. Previously he was at Centrica, where his…
Zanaga Iron Ore Company appoints Martin Knauth as Chief Executive Officer
LONDON, UK: Zanaga Iron Ore Company announced the appointment of Martin Knauth as Chief Executive Officer with immediate effect. Mr Knauth is a senior mining executive with extensive experience in the industry spanning more than 30 years in a wide range of cultures, countries and commodities, with notable success in project development, operations and transformational…
RollKall appoints Brad Duea as CEO
TEXAS: RollKall, a leading provider of innovative law enforcement technology solutions, has appointed Brad Duea as its new Chief Executive Officer to lead the company’s next phase of growth and innovation. Brad Duea, a seasoned leader in emerging markets and the technology sector, brings a wealth of experience, and his track record features transformative roles…
Telenor Pakistan B.V. signs deal to sell 100% of Telenor Pakistan to PTCL for NOK 5.3 billion
OSLO, NORWAY: Telenor has concluded the strategic review process of Pakistan. Telenor Pakistan B.V. (a privately limited company organised under the laws of the Netherlands) has signed an agreement to sell 100% of Telenor Pakistan (Private) Limited to Pakistan Telecommunications Company Ltd (PTCL), the national telecommunications and ICT company in Pakistan. The buyer is a…
Andalusia Labs raises $48M, moves to Abu Dhabi
Andalusia Labs, a leading provider of risk management solutions for digital assets, has secured $48 million in a Series A funding round led by Lightspeed Venture Partners, valuing the company at over $1 billion. The round also saw participation from Mubadala Capital, a subsidiary of Abu Dhabi’s sovereign wealth fund, and several existing investors, including…
Belgium and ENGIE agree to extend nuclear reactors until 2035
PARIS: Belgium and ENGIE, the French energy giant, have signed a final agreement to extend the operation of two nuclear reactors, Tihange 3 and Doel 4, until 2035. The agreement also covers the obligations related to nuclear waste management for all ENGIE’s nuclear facilities in Belgium. Catherine MacGregor, Chief Executive Officer of ENGIE, stated: “We…
Petra Diamonds may sell Koffiefontein Diamond Mine in South Africa
LONDON, UK: Petra Diamonds has entered into a non-binding term sheet on an exclusive basis with an interested party for the potential sale of the Koffiefontein Diamond Mine in South Africa. Petra has been exploring a responsible exit from Koffiefontein since April 2022, with the operation being placed on care and maintenance in November 2022. …
EasyJet CEO outlines growth strategy and ambitious targets
LONDON: In a presentation to shareholders on Wednesday, Johan Lundgren, the CEO of easyJet, revealed the airline’s growth strategy and ambitious targets for the next decade. He highlighted the airline’s resilience and competitive advantage in the European market, despite the challenges posed by the COVID-19 pandemic, the conflict in the Middle East, and the supply…
Ignitis Group and Copenhagen Infrastructure Partners win offshore wind tender in Estonia
OSLO: (AB) Ignitis Grupė informed that its subsidiary (UAB) Ignitis Renewables” together with Copenhagen Infrastructure Partners P/S (CIP) through its Growth Markets Fund II are the winners of the auction-based competitive tender for development of an offshore wind farm in the Liivi 2 sea area in Estonia with a total capacity of up to 1.4…
EXA Capital has acquired Prista Corporation
EXA Capital, a software company acquirer and operator, has acquired Prista Corporation, a healthcare quality and improvement SaaS provider. Prista’s product, ActionCue CI, is a clinical intelligence platform that helps healthcare organizations deliver quality patient care. EXA’s Founder and CEO, Omer Sajid, praised Prista’s customer experience and product innovation, while Prista’s Founder, Don Jarrell, expressed…
GlobalLogic acquires Katzion to boost automotive solutions and global presence
GlobalLogic, a Hitachi Group Company and a leader in Digital Engineering, has announced the acquisition of Katzion, an Australian engineering firm that specializes in applications for the automotive industry. The deal will help GlobalLogic expand its offerings in the mobility sector, especially in emerging segments such as micro-mobility, fleet vehicles and rental cars. It will…