LONDON, UK: Mike Paul, a Non-Executive Director with extensive wine industry experience, has been appointed as Interim Chief Executive Officer of Gusbourne PLC, the English sparkling wine producer. He replaces Charlie Holland, who has resigned as CEO and director of the Company after ten years of service. Holland will remain as a consultant to the…
DCC Energy acquires five new businesses in the solar PV, energy efficiency and propane sectors
LONDON, UK: DCC plc, the leading international sales, marketing and support services group, is holding a DCC Energy Insights Day near Paris, France today to showcase its strategy to provide cleaner energy to its customers and its exciting growth prospects. The event will be hosted by senior Group, Divisional and business unit management and will…
RM Infrastructure Income plc decides to wind down the company after consulting shareholders
LONDON, UK: The board of directors of RM Infrastructure Income plc (the “Company”) has decided to propose a managed wind-down of the Company after consulting with its advisers and shareholders and receiving various offers from third parties. The Board believes that the Managed Wind-Down is the best option for shareholders and urges them to vote…
Concurrent Technologies has acquired Phillips Aerospace for $3.375 million
LONDON, UK: Concurrent Technologies (AIM: CNC) a world-leading specialist in the design and manufacture of high-end embedded computer solutions for critical applications, announces that it has completed the acquisition of Phillips Aerospace, a designer and manufacturer of rugged systems solutions predominantly serving the defence sector but with capabilities and customers in both the medical and…
Light Science Technologies acquires Tomtech (UK) Limited
LONDON, UK: Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture (CEA) technology and contract electronics manufacturing (CEM) group, announced the acquisition of Tomtech (UK) Limited, a UK leader in the design, manufacture and installation of monitoring and control systems for commercial greenhouses and polytunnels, for a total cash staged consideration of £500,000….
Dotdigital Group has acquired Fresh Relevance Limited for £25 million
LONDON, UK: Dotdigital Group plc (AIM: DOTD), the leading SaaS provider of an all-in-one customer experience and data platform (CXDP), announced the acquisition of Fresh Relevance Limited, a vendor of cross-channel personalisation technology. Dotdigital is paying a total consideration of £25.0 million, 100% payable on completion, with c.£18.9 million being satisfied in cash and c.£6.1…
Upwind Raises $50 million in funding round led by Greylock Partners and Cyberstarts
Upwind, an Israeli startup that provides cloud security solutions, has secured $50 million in a funding round that valued the company at $300 million. The round was led by Greylock Partners, Cyberstarts and Leaders Fund, and included Penny Jar Capital, which counts NBA star Stephen Curry as an anchor investor, and a fund backed by…
Kindo raises $7M to launch secure AI productivity platform for businesses
Kindo, a startup that provides a secure AI productivity platform for businesses, has raised $7 million in seed funding led by Riot Ventures. The company, founded by former executives and engineers from Bird Rides, Clover Health, Riot Games, Google, OpenAI, and Square, enables businesses to use any AI model, whether commercial, open source, or proprietary,…
BRI Wealth Management acquires Singular Financial Planning, expands in Midlands
LONDON: Singular Financial Planning, a Worcestershire-based firm, has been acquired by BRI Wealth Management, a UK-based company, for an unknown amount. The transaction adds £30m ($38m, €35m) of assets under management to BRI and increases its presence in the wealth management sector in the Midlands. BRI Wealth Management’s chief executive, Dan Boardman-Weston, said: “I’m proud…
Arm Holdings plans to raise $4.87 billion in world’s largest IPO this year
The phone-chip designer Arm Holdings Ltd., owned by SoftBank Group Corp., is preparing for a public offering that could raise up to $4.87 billion, according to a filing with the US Securities and Exchange Commission on Tuesday. The company plans to sell 95.5 million American depositary shares at $47 to $51 each, valuing it at…
Indus Motor plans to introduce locally assembled Toyota hybrid cars in 4-6 months
KARACHI: Indus Motor Company, the producer of Toyoto cars, announced that its Hybrid facility is under construction and it plans to launch the HEV car in the next four to six months. The company said at a briefing that it will focus on electric vehicles after launching hybrid vehicles that are assembled locally. Electric vehicles…
German cities need €347bn to fix roads and rail by 2030
According to a study by the German Institute for Urban Studies (Difu), which was commissioned by the Main Association of the German Construction Industry (HDB), the Association of German Transport Companies (VDV) and the General German Automobile Club (Adac), German cities need to invest €283bn to upgrade their roads and €64bn to improve their rail…