ITT Inc, a global leader in flow products and services, announced today that it has agreed to buy Svanehøj Group, a Danish supplier of pumps and related services for the marine sector, for about $395 million. The deal is expected to close in the first quarter of 2024. Svanehøj specializes in cryogenic pumps that handle…
ADM declares cash dividend
CHICAGO: ADM’s (NYSE: ADM) Board of Directors has declared a cash dividend of 45.0 cents per share on the company’s common stock. The dividend is payable on Dec. 6, 2023, to shareholders of record on Nov. 15, 2023. This is ADM’s 368th consecutive quarterly payment, a record of more than 92 years of uninterrupted dividends….
NUBURU appoints Brian Knaley new CEO to lead blue laser technology commercialization
NUBURU, a leading innovator in high-power and high-brightness industrial blue laser technology, announced today that Brian Knaley has been appointed as the new Chief Executive Officer, effective immediately. Knaley replaces Mark Zediker, who has left the company to pursue other opportunities. Knaley joined NUBURU as the Chief Financial Officer in February 2022 and has over…
Vertu Motors acquires Rowes Garage Limited, expanding presence in South West England
LONDON, UK: Vertu Motors, a leading UK automotive retailer, has acquired Rowes Garage Limited, a Honda dealership with four outlets in the South West of England. The acquisition expands Vertu Motors’ presence in the region to 34 outlets and strengthens its relationship with Honda, which it now represents with 17 outlets in the UK. The…
H.I.G. gets more support for its bid to buy DX
LONDON: H.I.G. European Capital Partners LLP, a private equity firm, has received renewed letters of intent from two major shareholders of DX, a logistics company, to back its possible offer for the company. Gatemore Capital Management LLP and Lloyd Dunn, the CEO of DX, together hold about 31.6 per cent of DX’s shares and contracts…
RTW Biotech agrees to takeover Arix Bioscience plc at the rate of £1.43 per share
LONDON, UK: RTW Biotech Opportunities Ltd has agreed to the terms of a recommended all-share acquisition of Arix Bioscience PLC, to be affected through a scheme of reconstruction and the voluntary winding-up of Arix under section 110 of the Insolvency Act 1986, a notice said. The scheme will combine the assets of Arix with RTW…
United Oil & Gas terminates sale of North Sea Licence
LONDON, UK: United Oil & Gas PLC (AIM: UOG) announced the termination of the Asset Purchase Agreement (APA) with Quattro Energy Limited (Quattro) for the sale of the UK Central North Sea Licence P2519, which contains the Maria discovery in Block 15/18. The long stop date for the satisfaction of the APA conditions was extended…
Cellular Goods open shipping to France and Germany
LONDON, UK: Cellular Goods (LSE: CBX), a UK based company pioneering the use of lab-based and biosynthetic production methods for wellness and sustainability solutions, is pleased to announce that products in its ‘Look Better’ skincare range are now available to purchase for the first time in France and Germany. Cellular Goods has opened sales from…
AstraZeneca and Cellectis partner to accelerate development of next-generation therapeutics
LONDON, UK: AstraZeneca (NYSE: AZN) today announced a collaboration and investment agreement with Cellectis (NASDAQ: CLLS), a clinical-stage biotechnology company, to accelerate the development of next-generation therapeutics in areas of high unmet need, including oncology, immunology, and rare diseases. Under the terms of the agreement, AstraZeneca will leverage Cellectis’ proprietary gene editing technologies and manufacturing…
Halfords to sell 5% stake in Avayler to Bridgestone for $3 million
LONDON, UK: Halfords Group, the UK’s leading provider of Motoring and Cycling products and services, has reached an agreement for the sale of a 5% minority stake in its Avayler business, Avayler Trading Limited, to Bridgestone Americas Inc., a leading global mobility company, and has also agreed the terms of a master commercial agreement with…
Oxford Metrics to acquire Industrial Vision Systems (IVS) for £8.1 million
LONDON, UK: Oxford Metrics plc (LSE: OMG) has entered into an agreement to acquire Industrial Vision Systems Ltd (IVS), specialists in developing machine vision software and technology for high precision, automated quality control systems used across numerous industries. The consideration of £8.1 million is to be funded with existing cash resources and new ordinary Oxford…
Yokogawa Electric invests in TECO 2030 to develop hydrogen fuel cells for industrial use
TECO 2030 launches hybrid/closed loop Future Funnel