CRH completes $2.1bn acquisition of materials assets in Texas LONDON UK: CRH plc, the leading provider of building materials solutions, has reached an agreement to acquire an attractive portfolio of cement and readymixed concrete assets in Texas, USA from Martin Marietta Materials Inc. for a total consideration of $2.1 billion. The combined portfolio of assets…
Ofcom has fined Shell Energy £1.4 million
LONDON: Ofcom has today fined Shell Energy £1,400,000 for not properly prompting more than 70,000 phone and broadband customers to review their contract, or letting them know what they could save by signing up to a new deal. Ofcom’s investigation found that the company broke important consumer protection rules designed to ensure that customers get…
One Equity Partners to buy TechnipFMC’s Measurement Solutions business
NEW YORK: One Equity Partners, a private equity firm, has agreed to acquire Measurement Solutions business, a business that provides liquid meters and related digital solutions, from TechnipFMC, an oil and gas company. The deal is expected to close in the first half of 2024. The business, which has customers across North America, Europe and…
WT Financial to acquire Millennium3 Financial Services for $2.01 million
SYDNEY, AUSTRALIA: WT Financial Group (ASX: WTL) has entered a Sale and Purchase Agreement (SPA) to acquire 100% of the issued capital of financial advice network Millennium3 Financial Services Pty Ltd (M3) from Insignia Financial Limited (ASX: IFL) The M3 network includes more than 140 wealth and personal risk insurance advisers operating in more than…
The LYCRA Company appoints Gary Smith as CEO
WILMINGTON: The LYCRA Company, a global leader in the development of innovative and sustainable fiber and technology solutions for the apparel and personal care industry, announced today that Gary Smith has been appointed chief executive officer, effective November 27, 2023. Smith replaces Dean Williams, who has been interim CEO since August. Williams will continue to…
DXN implements cost reductions, margin enhancements, and asset sale to achieve stability
SYDNEY, AUSTRALIA: DXN Limited (DXN), a leading provider of modular data centres, has announced its plans to recover from a challenging year and pursue profitable growth and cash generation in the future. The company, which designs, engineers, manufactures and supplies customized modular data centres in Australia and the Asia Pacific region, has reported a revenue…
Universal Stores to expand fashion retail empire amid changing customer spending: CEO
SYDNEY, AUSTRALIA: Universal Stores Holdings (UNI), Australia’s leading youth and young adult fashion retailer, has announced its plans to expand its presence and product range in the face of changing customer spending habits and cost of living pressures. The company, which owns and operates three brands: Universal Store, Perfect Stranger and THRILLS, has reported a…
RGL offers to acquire Rotala Plc at the rate of 63.5 pence/share in cash
LONDON, UK: Rotala Group Limited (RGL) has reached on agreement to acquire Rotala Plc at the rate of 63.5 pence in cash/share valuing the entire issued and to be issued share capital of Rotala Plc at approximately £23.5 million. Rotala Group Limited (RGL) is a private limited company formed specifically for the purpose of the…
Former Twitch CEO Emmett Shear will join OpenAI as its new chief
Former Twitch CEO Emmett Shear will join OpenAI as its new leader, following the abrupt departure of Sam Altman, according to a confirmed report by CNBC. Shear’s appointment comes amid a turbulent weekend at the prominent artificial intelligence startup. On Friday night, OpenAI’s board announced that it had removed Altman from his role and temporarily…
Antin Infrastructure Partners to acquire Consilium Safety Group from Nordic Capital
PARIS, FRANCE: Antin Infrastructure Partners announced that a wholly owned affiliate of its Flagship Fund V has agreed to acquire Consilium Safety Group from Nordic Capital, subject to regulatory approvals. This represents the third investment announced in Flagship Fund V. Founded in 1912 and headquartered in Gothenburg, Sweden, Consilium Safety has an installed base of…
Vinanz and Luxor Technology partner to increase bitcoin miner speeds and margins
LONDON: Vinanz Limited, the London-listed Bitcoin mining company focusing on decentralised Bitcoin mining facilities throughout the US and Canada, strategic partnership with US-based Luxor Technology Corporation to increase Vinanz Limited’s Bitcoin miner’s operational efficiencies, mining hashrate, and operating margins on its North American mining fleet. Vinanz and Luxor Technology have agreed to deploy Luxor’s Firmware…
Solocal Group appoints Cédric Dugardin as Chief Executive Officer
PARIS, FRANCE: The Board of Directors of Solocal Group has decided to appoint Cédric Dugardin as Chief Executive Officer. He will succeed Hervé Milcent who will leave the Group on 21 November 2023. Cédric Dugardin, member of the Bord of Directors of the Group since June 2023, will keep this function. Philippe Mellier, chairman of…