LONDON: Optima Health (AIM: OPT), the UK’s foremost provider of technology-enabled corporate health and wellbeing solutions, announced Thursday an agreement to acquire the entire issued share capital of BHSF Occupational Health Limited from BHSF Group Limited. The acquisition, valued at £1.4 million on a cash-free, debt-free basis, is poised to expand Optima Health’s customer base…
IG Group Holdings acquires Freetrade for £160 million
LONDON: IG Group Holdings plc has announced the acquisition of Freetrade, a fast-growing, commission-free, self-directed investment platform, for £160 million. This acquisition aims to strengthen IG’s UK trading and investments offerings and provide access to new customer segments and capabilities. Breon Corcoran, CEO of IG, stated that this acquisition presents a rare opportunity to enhance…
Fortress Investment Group makes revised offer to acquire Loungers Plc
LONDON: Loungers plc and CF Exedra Bidco Limited, a company indirectly owned by Fortress Investment Group, LLC, have announced an agreement for Bidco to acquire the entire issued and to be issued share capital of Loungers. The acquisition will be executed through a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006….
Wabtec Corporation announces acquisition of Evident’s Inspection Technologies
Wabtec Corporation (NYSE: WAB) has announced a definitive agreement to acquire Evident’s Inspection Technologies division. The division, formerly part of the Scientific Solutions Division of Olympus Corporation, is recognized globally for its industry-leading technologies in Non-Destructive Testing, Remote Visual Inspection, and Analytical Instruments solutions for mission-critical assets. The acquisition is set to significantly enhance Wabtec’s…
Uvaro acquires Lighthouse Labs, enhances workforce development programs
TORONTO: Uvaro, a leader in career success and workforce development programs, has acquired tech education leader Lighthouse Labs, becoming one of Canada’s largest workforce development organizations. This acquisition aims to create a national platform and network that will equip individuals, businesses, and communities with the skills and tools needed to thrive in a fast-changing economy….
World Bank highlights urgent need for robust AI governance
The World Bank has released a report emphasizing the urgent need for effective AI governance as artificial intelligence becomes increasingly integral to global economies and societies. The rapid advancement of AI technologies and their widespread adoption across various sectors, including healthcare, finance, agriculture, and public administration, present both unprecedented opportunities and significant risks. Ensuring that AI is…
Hamilton Global Opportunities increases investment in Exos Financial, completes investment in Antaria Holding
PARIS: Hamilton Global Opportunities plc (Paris: ALHGO) has announced that it has increased its investment in Exos Financial by subscribing to a convertible loan note, raising its total commitment to the US-based financial institution platform to $9 million. Additionally, HGO has completed a €4 million investment into Antaria Holding (Ireland) Limited. Exos Financial, founded in…
Mobilize acquires stake in Free To X to expand Italy’s high-power charging network
PARIS: Mobilize, a Renault Group brand dedicated to new mobilities, and Free To X, a subsidiary of Autostrade per l’Italia, have announced a transaction that aims to accelerate the deployment of a high-power charging network across Italy. Through this project, Mobilize is set to acquire a significant stake in Free To X, Autostrade per l’Italia’s…
Thruvision Group to explore strategic options including formal sale process
LONDON: Thruvision Group plc (AIM: THRU), an international provider of walk-through security technology, announced a strategic review and the potential launch of a formal sale process aimed at maximizing value for shareholders, employees, and other stakeholders. Despite advancements in technology and efforts to bolster sales capabilities following the divestment of the Digital Barriers video division…
JD Sports reports robust performance in challenging market
LONDON: JD Sports Fashion Plc, a leading global retailer of sports, fashion, and outdoor brands, announced a pre-close trading update on Tuesday, covering the nine weeks ending Jan. 4, 2025. Despite market headwinds, CEO Régis Schultz reported a 3.4% increase in organic revenue for the period. “Considering the current headwinds in the market, we performed…
Gamma to acquire SF Technologies Holding GmbH (STARFACE) for €196 million
Gamma completes acquisition of STARFACE LONDON: Gamma Communications has reached an agreement to acquire the entire issued share capital of SF Technologies Holding GmbH (STARFACE). STARFACE is being acquired, excluding transaction costs, for a cash payment of €196m (c.£165m) for the purchase of 100% of the equity of the Company on a debt-free / cash-free…
Elecosoft Ltd has acquired PEMAC for up to €8.4 million
LONDON: Eleco’s subsidiary Elecosoft Ltd has acquired 100% of the share capital of PMI Software Ltd (PEMAC) from principal seller Pemac Software Ltd for an initial consideration of c.€6.0m exclusively financed by the company’s own cash resources. The transaction terms also provide for additional earn-out consideration of up to €2.4m payable in two tranches in…