TRONDHEIM, NORWAY: NORBIT announced an add-on acquisition of the Canadian maritime technology company PING DSP. The acquisition will broaden the product offering in the Oceans segment. “With the target company having developed an Interferometric Side Scan Sonar technology, complementary to NORBIT’s current portfolio, this acquisition supports our strategy to broaden product offering in the Oceans…
CentralNic Group rebrands as Team Internet Group
LONDON, UK: CentralNic Group plc (AIM: CNIC), the global internet company generating recurring revenue from privacy-safe, AI-based customer journeys that help online consumers make informed choices, announced its rebranding as “Team Internet Group”. Further, effective from 5 September 2023, the Company’s shares will be trading under the ticker “TIG”. Its ISIN will remain unchanged. Recognising…
Albert Soleiman appointed Chief Financial Officer at CMC Markets Plc
LONDON, UK: CMC Markets Plc, a leading global provider of online (“D2C”) trading and (“B2B”) platform technology, announced that Mr Albert Soleiman has been appointed as Chief Financial Officer (‘CFO’) and Executive Director with effect from 1st September 2023. Albert first joined CMC in 2005 having qualified as a Chartered Accountant with KPMG and became…
Trident Royalties acquires lithium royalty over Anson’s Paradox Basin projects
LONDON, UK: Trident Royalties Plc, the diversified mining royalty company, has announced that it has agreed to buy a 2.50% net smelter return royalty over several lithium projects owned by Anson Resources Ltd. in the Paradox Basin in Utah, USA. The royalty covers Anson’s flagship Paradox Lithium Project, which is an advanced stage lithium brine…
Thor Energy partners with Fleet Space to explore copper-REE project
LONDON: Thor Energy Plc, a mineral exploration company, has teamed up with Fleet Space Technologies, a space technology company, to use its EXOSPHERE BY FLEET® technology to survey the Alford East Copper-REE Project in South Australia. The technology uses Ambient Noise Tomography (ANT) to scan the ground for low velocity zones that host oxide copper-REE…
Harmony Energy Income Trust has sold Rye Common Project to Pulse Clean Energy
LONDON, UK: Harmony Energy Income Trust plc, which invests in battery energy storage systems (BESS) in Great Britain, announces that it has completed the sale of its “shovel-ready” BESS development project, Rye Common (99 MW) to Pulse Clean Energy Limited at a premium to its carrying value. The Rye Common Project was acquired by the…
Wood and Harbour Energy agree new $330 million strategic partnership
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…