SYDNEY, AUSTRALIA: Monash IVF Group, a leading provider of assisted reproductive services, has announced the acquisition of 80% of Fertility North Holdings, a Perth-based fertility clinic, for an estimated $12m. The deal will add eight fertility specialists to Monash IVF’s team and increase its net profit by 4%. Monash IVF may buy the remaining 20%…
Pacific Smiles Group appoints Andrew Vidler as new CEO &MD
SYDNEY, AUSTRALIA: Pacific Smiles Group (ASX: PSQ), a leading Australian dental service provider, has announced the appointment of Mr Andrew Vidler as its new Managing Director and Chief Executive Officer, effective from 15 January 2024. Mr Vidler has over 20 years of experience in the healthcare and pharmacy sectors, having held senior roles at Wesfarmers…
Malik Riaz’s Bahria Town Karachi: A Dream Turned Nightmare
Bahria Town Karachi (BTK) was once hailed as the largest and most luxurious private housing scheme in Pakistan, promising a modern and secure lifestyle for its residents. However, the project has been plagued by a series of scandals, controversies, and legal battles that have exposed its shady dealings, poor quality, and environmental damage. BTK has…
Pakistan’s internet shutdown sparks controversy and criticism
Country’s telecom authority, the Pakistan Telecommunication Authority (PTA), has reportedly launched an investigation into the alleged internet shutdown that occurred on Sunday, ahead of a virtual meeting of the opposition party Pakistan Tehreek-i-Insaf (PTI). Prime Minister Imran Khan, is facing corruption and immorality charges. Khan’s tenure is marred with misgovernance and inefficiency. Nonetheless, the popular…
LondonMetric and LXi in talks over possible merger
LONDON: LondonMetric Property plc and LXi REIT plc, two UK-based real estate investment trusts (REITs), have confirmed that they are exploring a possible all-share merger that would create a £6.4 billion property giant. The two companies issued a joint statement on Monday, following recent media reports, saying that they are in discussions about a deal…
IBM to acquire Software AG’s StreamSets and webMethods platforms for $2.33 billion
IBM on Monday said that it would buy Software AG’s enterprise technology platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software AG’s StreamSets and webMethods platforms with available cash on hand, it said. The platforms provide application integration, application programming interface (API) management, and…
Eurofins Scientific to acquire operations of SGS Crop Science in 14 countries
PARIS, FRANCE: Eurofins Scientific, a global leader in agroscience contract research services, signed an agreement to acquire the operations of SGS Crop Science in 14 countries. The business generated revenues of approximately CHF 46m in 2022. The transaction is subject to consultation with SGS Crop Science’s local stakeholders as required by the local jurisdictions and…
Alpine Racing finalises sale of 24% stake for €200m to Otro Capital led group
BOULOGNE-BILLANCOURT: Renault Group and Alpine Racing announced the closing of the investment by Otro Capital of €200 million in Alpine Racing Ltd (based in England), announced on 26 June 2023, in the form of a 24% equity stake, to support Alpine’s growth strategy and sporting ambitions in Formula 1. Alec Scheiner, co-founder and partner of…
Tikehau Capital and Nikko Asset Management to form a business and capital alliance
PARIS, FRANCE: Tikehau Capital (Paris:TKO) and Nikko Asset Management, one of Asia’s largest asset managers, have entered into advanced discussion to form a business and capital alliance. The contemplated strategic partnership would involve Tikehau Capital and Nikko Asset Management entering into distribution agreements in Japan and elsewhere in Asia, as well as establishing a joint…
BrainChip and Unigen team up to deliver Cupcake Edge AI Server
BrainChip Holdings Ltd, a pioneer in neuromorphic AI technology, and Unigen Corporation, a leading provider of enterprise and industrial electronics, have joined forces to deliver a new version of the Cupcake Edge AI Server, a device that can run advanced AI applications without the need for cloud or internet. “The Cupcake Edge AI Server is…
Chinese auto firm expands in Romania amid nearshoring trend
AMSTERDAM: CTP, Europe’s largest industrial and logistics property developer, has leased 13,000 sqm of space at CTPark Deva II in western Romania to KSHG Auto Harness, a leading Chinese automotive component company. This is in addition to the 8,000 sqm of space that KSHG already occupies at the park since 2022, when it brought the…
ECR Minerals sells non-core assets for A$420,000
SYDNEY, AUSTRALIA: ECR Minerals plc, a gold exploration and development company in Australia, has announced the sale of two non-core assets by its subsidiary, Mercator Gold Australia Pty Limited. The assets are a Coretech Drilling Rig and an excavator, which were sold for A$350,000 and A$70,000 respectively. The drilling rig was sold under a hire…