SYDNEY, AUSTRALIA: Shane Yeend, the CEO of Mighty Kingdom Limited (MKL), has resigned from his position. The Board accepted his resignation after the market closed on August 31 and he stepped down immediately. The executive team of MKL, who have led the business to a positive turnaround in the last six months, will take over…
Mayfield Group appoints Andrew Rowe as new CEO to lead energy transition
SYDNEY, AUSTRALIA: Mayfield Group Holdings Limited (Mayfield), a leading provider of electrical and telecommunications solutions to the Australian power infrastructure industry, has announced the appointment of Mr. Andrew Rowe as its new CEO and Managing Director. Mr. Rowe will take over from Mr. Jon Hobbs, who is retiring after five years of service, on 3…
Pepper Money to buy HSBC’s mortgage portfolio
AUCKLAND, NZ: Pepper Money Limited (ASX: PPM), a leading provider of alternative lending solutions, has announced that it has signed a binding agreement to buy the prime residential mortgage portfolio of The Hongkong and Shanghai Banking Corporation Limited (HSBC) in New Zealand. The deal is expected to close in late November 2023, subject to approval…
Silk Logistics completes Secon Freight acquisition
SYDNEY, AUSTRALIA: Silk Logistics Holdings Limited (ASX: SLH), a leading provider of integrated logistics solutions, has announced the completion of the acquisition of Secon Freight Logistics Pty Ltd, a Melbourne-based transport and warehousing company. The acquisition was first announced on 4 August 2023. The acquisition price consists of $30 million in cash and $5 million…
Freelance.com has acquired OpenWork
PARIS, FRANCE: Freelance.com, leader in the relationship between companies and their external talents, announces the completion of the acquisition of 100% of the shares of OpenWork, a specialist in wage portage for the self-employed, mainly present in France and Belgium. The combination allows Freelance.com to consolidate a fragmented wage portage market, to become the leading…
Renold Plc has acquired Davidson Chain for AUD 6 million
LONDON, UK: Renold Plc, a leading international supplier of industrial chains and related power transmission products, has acquired the trading assets of Davidson Chain PTY (Davidson) for a total cash consideration of AU$6 million. Davidson was acquired on a cash free, debt free basis, for a total cash consideration of AU$6 million. The acquisition consideration…
Johnson Service Group acquires Celtic Linen for £27.1 million
LONDON, UK: Johnson Service Group has acquired the entire issued share capital of Harkglade Limited, together with its subsidiaries Celtic Linen Limited and Millbrook Linen Limited. Celtic Linen services the Republic of Ireland’s Healthcare and Hotel, Restaurant and Catering (‘HORECA’) sectors; it is the largest linen supplier to the Republic of Ireland’s Healthcare sector and…
CentralNic Group has acquired Adrenalads LLC for $2.35 million
LONDON, UK: CentralNic Group PLC (AIM: CNIC), a global internet company that helps online consumers make informed choices with privacy-safe, AI-based customer journeys, has announced the purchase of Adrenalads LLC for USD 2.35m in cash. Adrenalads is a premium provider of search and direct navigation traffic from tier-1 countries, specializing in ecommerce platforms. Based in…
Marula Mining signs contract for trial shipment of lithium ore to China
LONDON, UK: Marula Mining (AQSE: MARU), an African focused mining and development company, has announced that it has signed a contract for an initial trial shipment of high-grade lithium ore from the Blesberg Lithium and Tantalum Mine (“Blesberg” or the “Project”) with a Chinese importer and exporter of metalliferous ores. The contract involves the sale…
Sanofi announces changes to its Executive Committee
PARIS, FRANCE: Sanofi, a global biopharmaceutical company, announced today the appointment of three new members to its Executive Committee and the departure of one of its senior leaders. Houman Ashrafian, a renowned scientist and investor, will join Sanofi as Head of Research & Development, starting September 11th, 2023. He will be responsible for advancing Sanofi’s…
Microtest offers to acquire RoodMicrotec N.V. for EUR 28.9 million
DEVENTER, THE NETHERLANDS: Microtest S.P.A. has made an offer to acquire all issued and outstanding shares in the capital of RoodMicrotec N.V. at an offer price of EUR 0.35 translating into EUR 28.9 million. The Offer is currently expected to be completed in the fourth quarter of 2023. The Offer Price represents a premium…
How to Better Manage Shipping Goods in Bulk
Bulk shipping is the process of transporting unpacked goods in large quantities. The process involves storage, loading, and unloading of the goods depending on the carrier used. Goods can be transported through air, land, and sea methods. Bulk cargo is divided into liquid, solid, and break bulk. These goods include grains, coal, crude oil, iron,…