BERLIN: Mutares SE & Co. KGaA has finalized the acquisition of Buderus Edelstahl GmbH from voestalpine AG. The acquisition will enhance Mutares’ Engineering & Technology segment as a new platform investment. Founded in 1731, Buderus Edelstahl GmbH specializes in high-quality special steels, including tool steel, engineering steel, open-die forgings, closed-die forgings, hot-rolled strip, cold-rolled strip,…
Croma Security Solutions has acquired Meridian Securities System
LONDON: Croma Security Solutions Group plc (AIM:CSSG) has completed the acquisition of Meridian Securities System Limited, a well-established, family run locksmith business based in Horsforth, Leeds for a total cash consideration of £150,000, of which c.£135,000 is payable immediately, with a deferred element of c.£15,000 payable over the first 9 months. In a separate transaction,…
CARMAT secures €9.7 million in global offering
PARIS: CARMAT, a leading designer and developer of the world’s most advanced total artificial heart, announced the completion of its global offering, raising a total of €9.7 million. Of this amount, €8.6 million was subscribed by specialized investors and €1.1 million by retail investors via the PrimaryBid platform. Stéphane Piat, Chief Executive Officer of CARMAT,…
Alkemy Capital partners with Veolia to develop lithium refinery at Teesside, UK
LONDON: Alkemy Capital Investments plc (LSE: ALK), owner of Tees Valley Lithium (TVL), has announced a partnership with Veolia Water Technologies Inc. to develop TVL’s first lithium hydroxide refinery train at Teesside, UK. Veolia brings its extensive expertise in lithium processing, including contributions to various lithium hydroxide production facilities, to support TVL’s goal of delivering…
Russell Kennett appointed CEO of Range International Limited
SYDNEY: Range International Limited, the manufacturer of Re>Pal™ recycled plastic pallets, has named Russell Kennett as its new Chief Executive Officer, effective immediately. Kennett, who joined the company in July 2022, has been pivotal in reviewing the group’s activities, identifying new opportunities, and implementing systems for growth. He has restructured operations in Re>Pal Indonesia and…
Veris Limited acquires Spatial Vision Innovations for up to $3 million
SYDNEY: Veris Limited (ASX: VRS) announced Thursday the acquisition of Melbourne-based Spatial Vision Innovations Pty Ltd for up to $3.0 million, aiming to enhance its digital solutions and advisory services. The acquisition is expected to be finalized by early March 2025, subject to conditions precedent. Spatial Vision, founded in 1999, provides spatial solutions and GIS…
Fever-Tree and Molson Coors announce strategic partnership in the U.S.
LONDON: Fever-Tree, a global leader in premium carbonated mixers, has entered into a long-term strategic partnership with Molson Coors, one of the world’s largest beverage companies, to handle the exclusive sales, distribution, and production of the Fever-Tree brand in the U.S. Since its U.S. debut in 2008, Fever-Tree has seen significant growth, becoming the top…
Kromek Group enters multi-year agreements with Siemens Healthineers
LONDON: Kromek Group plc (AIM: KMK), a leader in radiation and bio-detection technology, announced multi-year agreements with Siemens Medical Solutions USA, Inc. (“Siemens Healthineers”). These agreements encompass know-how and IP use rights on a non-exclusive basis, furnace transfer, and related services under an Enablement Agreement and Patent Licensing Agreement, alongside the supply of CZT-based detector…
Liberation Labs secures $31.5 million in convertible note round
LONDON: Liberation Labs Holdings Inc. has closed a $31.5 million convertible note, bringing its total raised to $50.5 million, including $19 million in insider bridge notes. The round saw participation from NEOM Investment Fund, Siddhi Capital, Meach Cove Capital, and a $7.4 million commitment from Agronomics. This funding, combined with public sector awards and loan…
Serco Inc. acquires Northrop Grumman’s MT&S Business for $327 million
LONDON: Serco Inc., a subsidiary of Serco Group plc, has announced its agreement to acquire Northrop Grumman’s mission training and satellite ground network communications software business (MT&S) for $327 million in cash. The acquisition aims to enhance Serco’s scale, capabilities, and growth potential in the U.S. defense market, supporting programs across the U.S. Army, Space…
MaxCyte acquires SeQure Dx to bolster gene therapy services
LONDON: MaxCyte, Inc. (Nasdaq: MXCT; LSE: MXCT), a leading cell-engineering company, announced the acquisition of SeQure Dx, a market leader in editing assessment services for cell and gene therapies. The acquisition aims to enhance MaxCyte’s offerings in both ex vivo and in vivo cell and gene therapy development. The acquisition will expand MaxCyte’s service portfolio,…
Future plc announced appointment of Kevin Li Ying as Chief Executive Officer
LONDON: Future plc (LSE: FUTR; “Future” or “the Group”), the global platform for specialist media, today announces the appointment of Kevin Li Ying as Chief Executive Officer. The appointment, which follows a thorough search process, will take effect from 31 March 2025 when Kevin will join the Board of Future. Kevin joined Future over 20…