LONDON: The UK automotive sector has seen a strong recovery in October, with car production increasing for the eighth consecutive month and reaching the highest level since 2019. According to the Society of Motor Manufacturers and Traders (SMMT), more than 91,500 cars were built in October, a 31.6 per cent increase compared to the same…
Amazon launches new chatbot and safeguards for generative AI
Amazon has unveiled a new chatbot called Q that can help businesses with productivity, document summarization, and code editing. The chatbot, which can communicate via apps like Slack, is part of Amazon’s AWS cloud computing service. The company also announced a new service called Guardrails for Bedrock, which allows users to filter out harmful or…
Microlise Group signs deal to acquire Enterprise Software Systems for £8.5m
LONDON, UK: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, has reached an agreement to acquire Enterprise Software Systems (ESS), a leading provider of transportation management system (TMS) solutions. Founded in 1997 in the UK, ESS has a proven track record as a leading provider of…
Ashtead Technology has acquired ACE Winches for £53.5 million
LONDON, UK: Ashtead Technology Holdings (AIM: AT.), a leading subsea equipment rental and solutions provider for the global offshore energy sector, announced the acquisition of the entire share capital of Rathmay Limited, the parent company of ACE Winches, from its founders Alfie and Valerie Cheyne, for a total cash consideration of £53.5 million. The transaction…
NLB signs agreement to acquire Summit Leasing
LONDON, UK: Nova Ljubljanska Banka, d.d. Ljubljana (NLB) has entered into a sale and purchase agreement to acquire a 100% shareholding in SLS HOLDCO, holdinška družba, d.o.o., the parent company of Summit Leasing Slovenija d.o.o., and its subsidiaries from funds managed by affiliates of Apollo Global Management Inc. and the European Bank for Reconstruction and…
Semper Fortis Esports to acquire Good Life+ for £10m in shares
LONDON, UK: Semper Fortis Esports has announced that it will acquire Good Life+, a monthly membership and daily prize draw business, for £10 million in shares. The deal will be completed by issuing 500 million new ordinary shares to the shareholders of Good Life+ at 2 pence per share. Semper Fortis Esports had previously subscribed…
Hercules Site Services acquires 60% of Future Build Recruitment Ltd
LONDON, UK: Hercules Site Services plc (AIM: HERC) has acquired 60% of Future Build Recruitment Ltd, a specialist UK-based white-collar recruitment company operating in the UK construction sector, for a total consideration of £1.251 million. The transaction represents a significant milestone for the Company as the first acquisition in Hercules’ history, which will see Future…
Aptitude Software Group appoints Alex Curran to the role of CEO
LONDON, UK: Aptitude Software Group announced that following the conclusion of a formal selection process by the Group’s Nomination Committee, Alex Curran has been appointed to the role of Chief Executive Officer for the Group with immediate effect. Alex Curran had assumed the role of acting Chief Executive Officer and was appointed to the Board…
Artrya CEO outlines plans to launch AI-powered heart disease solution in US and Australia
SYDNEY, AUSTRALIA: Artrya Limited, a company that develops artificial intelligence (AI) solutions for heart disease diagnosis and treatment, has announced its progress and goals for the next fiscal year. The company’s CEO, Mathew Regan, said he has focused on three key areas: launching Salix, its flagship product, in the US market; commercializing Salix in Australia…
Ikonisys acquires Hospitex International, a world leader in cancer diagnostics
PARIS: Ikonisys SA, a company that specializes in early and accurate cancer detection, announced today that it has entered into an agreement to acquire 100% of Hospitex International, an Italian-based company that provides advanced solutions for thin layer cytology and cancer diagnostics. Under the terms, Ikonisys will complete the acquisition of 100% of Hospitex International…
Rare Foods Australia launches Ocean Cellared wines and expands abalone production
SYDNEY, AUSTRALIA: Rare Foods Australia, a company that specializes in sustainable seafood products, has announced its plans to diversify its revenue stream by launching a new line of Ocean Cellared wines. The company has also reported a strong demand for its wild Greenlip abalone, which it claims is a world first innovation in the sustainable…
MCM Energy Partners appoints Matthew Chitwood to President
TEXAS: MCM Energy Partners LLC announced the appointment of Matthew Chitwood to President. Mr. Chitwood has been with MCM since 2015 serving as Vice President of Land. Matt directs and oversees a team of landmen, reservoir engineers, and geologists that are specialized in building operated acreage positions that result in best-in-class development projects for MCM….