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…
IMCD N.V. has acquired 70% of Valuetree Ingredients Private Limited
ROTTERDAM: IMCD N.V. announced the acquisition of 70% of Valuetree Ingredients Private Limited to expand its beauty and personal care footprint in India. Founded in 2005, Valuetree, is a prominent ingredient supplier to the beauty and personal care market. It provides an extensive portfolio of specialty ingredients and through an in-house application laboratory, offers formulation…
Dubai Investments launches first mixed-use project in Africa
DUBAI: Dubai Investments, a leading investment company in the UAE, has announced its first flagship mixed-use development in Africa – the Dubai Investments Park (DIP) Angola. The project, spanning 2,000 hectares, is a unique integrated residential, commercial and industrial hub in Angola, with 3 kilometers of coastline and a 2-kilometer sandy beach. DIP Angola aims…
Is Individual Security a Myth? Embracing Interdependence for a Thriving World
As Maria clutched the eviction notice, her heart pounded a frantic rhythm against her ribs. The meager savings she’d hoarded, her “hedge” against life’s uncertainties, had evaporated in the face of a single medical emergency. This wasn’t just her story; it echoed across communities, a stark testament to the fragility of individual security in a…