LONDON, UK: A consortium led by Lightrock and Carbon Direct Capital has reached agreement on the terms and conditions of a recommended cash acquisition of Velocys Plc at the rate of 0.25 pence in cash per Velocys share. The consortium – Madison Bidco Limited – is a newly formed company indirectly owned by (i) a…
Novvia Group acquires Ocean State Packaging
Novvia Group, a company backed by Kelso & Company, has bought Ocean State Packaging, Inc., a Rhode Island based provider of plastic bottles and other rigid packaging products. The financial details of the private deal were not revealed. Ocean State, established in 1990, is a reliable provider of stock and custom packaging solutions to a…
Reward Minerals to buy Beyondie SOP Project for A$20 million
PERTH, AUSTRALIA: Reward Minerals Limited (ASX: RIND), a potash exploration and development company, has announced that it has entered into a binding agreement to acquire the Beyondie Sulphate of Potash (SOP) Project from the receivers of Kalium Lakes Limited. The Beyondie Project is a high-grade SOP project located in Western Australia, with a projected annual…
Acquisition of Abcam by Danaher approved by the High Court of Justice of England and Wales
LONDON: Abcam plc (Nasdaq: ABCM), a company that provides research tools for life sciences, agreed to be acquired by Danaher Corporation (NYSE: DHR) for $24.00 per share in cash on August 26, 2023. The acquisition will be done through a Court-approved arrangement under the Companies Act 2006, called the Scheme. The Scheme Circular, which explains…
NewMarket Corporation to acquire AMPAC Intermediate Holdings for $700 million
RICHMOND: NewMarket Corporation (NYSE: NEU), a leading developer and manufacturer of chemical additives for petroleum products, announced today that it has signed a definitive agreement to buy AMPAC Intermediate Holdings, LLC, the parent company of American Pacific Corporation (AMPAC), for about $700 million. AMPAC is the top North American producer of critical performance additives for…
Lenovo launches Chromebox Micro media player during the Digital Signage Experience (DSE)
Lenovo has announced its new Chromebox Micro media player during the Digital Signage Experience (DSE). The Lenovo Chromebox Micro is a new breed of Chromebox: an ultra-thin and affordable media player offering high performance, proven data security, and easier remote control and device management with ChromeOS. Signs Point Towards Growth The global digital signage market…
Arco Platform shareholders approve merger with Achieve Holdings
Arco Platform Limited, a leading operating system for K-12 schools, announced that its shareholders have voted in favor of the merger with Achieve Holdings, a private company that operates in the education sector. The merger will result in Arco becoming a wholly-owned subsidiary of Achieve and its common shares being delisted from the Nasdaq Global…
Ashan Willy becomes CEO of New Relic
SAN FRANCISCO: New Relic, a platform that helps engineers monitor and optimize their software, has appointed Ashan Willy as its new CEO. Willy, who has over 25 years of experience in the tech industry, will take over from December 4. He was previously the CEO of Proofpoint, a cybersecurity and compliance company, where he led…
Wiz acquires Raftt for up to $50 million in its first-ever deal
Wiz, a cloud security company, has announced its first acquisition ever, buying Raftt, a cloud-based platform for developers, for as much as $50 million. The deal will allow Wiz to integrate Raftt’s technology into its own products, enhancing its ability to bridge the gap between security and engineering teams. Raftt, founded in 2020 and based…
Toyota to launch six new electric vehicles in Europe by 2026
Toyota Motor, the world’s largest automaker by sales, announced on Monday that it would expand its battery electric vehicle (BEV) line-up in Europe to six models by 2026, aiming to capture more than 20% of the new car market in the region with its zero-emission vehicles. The Japanese company, which has long been a leader…
Eiffage Énergie Systèmes has acquired 97% of Van den Pol Elektrotechniek B.V
PARIS, FRANCE: Eiffage, through the Dutch subsidiary of Eiffage Énergie Systèmes in the Netherlands has just acquired 97% of Van den Pol Elektrotechniek B.V., complementing its expertise in the industrial and office buildings and commercial markets. This transaction is subject to approval by the European competition authorities and is expected to be completed in early…
Allfunds acquires Iccrea Banca’s local paying agent business
AMSTERDAM: Allfunds Group plc (AMS: ALLFG), a global B2B WealthTech platform, and Iccrea Banca, the parent company of the BCC Iccrea Group, one of the largest banking groups in Italy, announced that they have completed the deal under which Allfunds acquires Iccrea Banca’s local paying agent business, including a long-term exclusivity agreement. The deal will…