LONDON, UK: Wood Group, a global consulting and engineering company, and Harbour Energy (Harbour), the UK’s largest oil and gas producer, have entered into a new strategic partnership for UK North Sea operations agreeing a new master services agreement (MSA) and associated contracts valued at around $330 million. Under this new agreement, Wood will provide…
Nestlé divests its Palforzia business to Stallergenes Greer
LONDON, UK: Nestlé announced today that is has divested Palforzia, its peanut allergy treatment business, to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. The transaction was closed upon signing. This agreement follows Nestlé’s announcement last year that it would conduct a strategic review of Palforzia. Nestlé will receive…
Mark Davies to take over as CEO of Primary Health Properties
LONDON, UK: Primary Health Properties (PHP), a leading UK investor in modern primary healthcare facilities, has announced the appointment of Mark Davies as its new Chief Executive Officer (CEO). He will succeed Harry Hyman, the founder and current CEO of PHP, who will step down in April 2024. Davies is a former CFO and Co-founder…
Permira Advisers LLP has acquired Ergomed Plc at approximately £703.1 million
LONDON, UK: Eden AcquisitionCo Limited, a company funds advised by Permira Advisers LLP, agreed to take over Ergomed Plc at the rate of 1,350 pence in cash. The acquisition values Ergomed’s entire issued and to be issued ordinary share capital at approximately £703.1 million. The acquisition value also provides an implied Ergomed enterprise value multiple…
Mitie Group has acquired JCA Engineering for £31.5 million
LONDON, UK: Mitie Group announced the acquisition of leading critical environment project designer and principal contractor, JCA Engineering (JCA), for a maximum cash consideration of £31.5m (comprising an initial payment of £21m and deferred payments of up to £10.5m over three years, linked to performance). Based in Stevenage, JCA has 20 years of experience in…
Paul Brown appointed Chief Executive Officer of Hastings Technology Metals
SYDNEY, AUSTRALIA: Hastings Technology Metals Ltd (ASX: HAS), a rare earths producer in Australia, has announced the appointment of Mr Paul Brown as its new Chief Executive Officer from 21 September 2023. Mr Brown is a seasoned mining executive with more than 20 years of experience in various senior roles in the mining industry, including…
Hexagon Energy Materials appoints Stephen Hall as its new Chief Executive Officer
SYDNEY, AUSTRALIA: Hexagon Energy Materials Limited (ASX: HXG) has appointed Mr. Stephen Hall as its new Chief Executive Officer from 1 September 2023. Mr. Hall is a veteran of the energy sector with over 30 years of experience and has been working with Hexagon on the WAH2 Project, a hydrogen production and export facility in…
SABIC sells steel subsidiary Hadeed to PIF for $3.33 billion
DUBAI, UAE: SABIC, a global petrochemical giant, announced on Sunday that it had reached an agreement to sell its steel-making subsidiary Hadeed to the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, for $3.33 billion. The deal, which is expected to be finalized by the first quarter of 2024, will help SABIC to focus…
Why Salesforce is a Cornerstone of Modern Business Success
In the rapidly evolving landscape of modern business, staying competitive and achieving sustainable success requires innovative products and services and the effective management of customer relationships, sales processes, and data. One platform that has emerged as a cornerstone of modern business success is Salesforce. Renowned for its customer relationship management (CRM) solutions, Salesforce has revolutionized…
Financial Recovery: Getting Back On Your Feet After Crisis
Unexpected financial crises can strike without warning, leaving us feeling overwhelmed and uncertain about the future. Whether it’s a medical emergency, a job loss, a natural disaster, or any other unforeseen event, the aftermath can leave our financial stability in shambles. However, it’s important to remember that just as adversity can disrupt our finances, resilience,…
Google raises prices for Nest Aware subscriptions in the US
Google has announced that it is increasing the prices of its Nest Aware subscriptions, which provide users with advanced features and longer video history for their security cameras and doorbells. The price hike will affect both new and existing subscribers in the US, and could also be implemented in other countries soon. According to a…
Berkshire Hathaway Energy buys 50% stake in Cove Point LNG for $3.3 billion
Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway, has acquired a 50% stake in Cove Point LNG, LP, a liquefied natural gas (LNG) business, from Dominion Energy for $3.3 billion. The deal, which was announced on July 10 and closed on September 1, gives Berkshire Hathaway Energy a 75% ownership interest in Cove…