LONDON, UK: Caledonia Investments plc has announced its acquisition of a majority stake in AIR-serv Europe, which comprises Airvending Limited and AIR-serv Netherlands B.V. The move comes as Caledonia aims to invest in high-quality, well-established private companies with proven management teams and strong long-term growth potential. Airvending Limited and AIR-serv Netherlands B.V., both headquartered in…
WPP acquires sonic branding company, amp
LONDON, UK: WPP Plc today has announced the acquisition of amp, one of the world’s leading sonic branding companies. amp’s expertise will strengthen WPP’s offer in experiential branding and its ability to create high-quality, differentiated, and ownable sound experiences for clients. The acquisition comes as sound continues to grow as a vital branding element, with…
Rewardle Holdings acquires YourGrocer to boost local community powered grocery service
SYDNEY, AUSTRALIA: Rewardle Holdings Limited (ASX:RXH) has announced its acquisition of Your Grocer Pty Ltd, a former e-commerce grocery retailer in metropolitan Melbourne. Rewardle, a software business that operates its proprietary B2B2C software platform, will take on YourGrocer’s assets, liabilities, and ongoing operational obligations for approximately $3,000 funded from operating cash flow. Although YourGrocer ceased…
Cyclopharm Limited has acquired DuPharma ApS, based in Copenhagen
SYDNEY, AUSTRALIA: Cyclopharm Limited (ASX: CYC) has acquired DuPharma ApS, based in Copenhagen, Denmark. DuPharma is a third-party medical distribution company and has been a long-term distributor of Technegas and other nuclear medicine products in Denmark for several years. Consideration for the acquisition is 100,000 ordinary shares in Cyclopharm plus AUD$65,000 in cash, payable over…
China’s EV market set to welcome three new Toyota models
Toyota has begun taking orders for its first electric sedan in China, marking a major step for the Japanese automaker in the world’s largest electric vehicle market. This comes as Toyota has announced two more models are set to come to the local market next year, as part of the company’s bZ, or “beyond zero”…
Tesla’s earnings disappoint as margins stressed by new factory underutilization, higher costs
Tesla, the electric vehicle maker, saw its shares fall more than 4% after it released its first-quarter earnings report. The company reported adjusted earnings per share of 85 cents. Revenue came in at $23.33 billion, beating expectations of $23.21 billion. Tesla’s net income was $2.51 billion, down 24% from the previous year, with GAAP earnings…
Franklin Templeton International offload stakes in Romanian companies to the Greeks
LONDON, UK: Franklin Templeton International Services S.À R.L., as the alternative investment fund manager and sole director of Fondul Proprietatea S.A., has announced that the Fund has sold all its equity stakes in five Romanian companies, including E-Distributie Muntenia S.A. and Enel Energie Muntenia S.A., to the Greek company Public Power Corporation S.A. (PPC) for…
Filtronic wins contract with global 5G infrastructure provider
LONDON, UK: Filtronic Plc, a UK-based company that designs and manufactures products for various markets including aerospace, defense, and telecoms infrastructure, has announced a new contract win with a leading global provider of 5G telecoms infrastructure equipment. The initial production contract is worth $1.1 million and will facilitate the global launch of a product that…
Arc Minerals signs joint venture agreement with Anglo American for copper interests in Zambia
LONDON, UK: Arc Minerals, a mineral exploration and development company, has announced that its subsidiary, Unico Minerals Limited, has signed a binding joint venture agreement with a subsidiary of Anglo American plc. The agreement pertains to Arc Mineral’s copper interests in North Western Zambia, and under the terms of the agreement, Anglo American will have…
Unikmind announces increased & final offer to acquire Kape Technologies at $3.60/share
LONDON, UK: Unikmind Holdings Limited has announced the terms of its Increased and Final Offer for the acquisition of the entire issued and to be issued share capital of Kape Technologies not already held by Unikmind. Under the terms of the offer, Kape shareholders will be entitled to receive US$3.60 in cash for each Kape…
Ondo InsurTech partners with WNS to offer loss reduction guarantee for home insurers
LONDON, UK: London-based insurtech company Ondo has announced a new partnership with global business process management (BPM) company WNS to offer innovative claims prevention technology to home insurers. WNS is known for running claims operations for major insurers across Europe and the US, with a market capitalization of over $4 billion. The new partnership will…
Volution Group acquires Ventilairsec SA in France, and I-Vent in Slovenia and Croatia
LONDON, UK: Volution Group, a leading international designer and manufacturer of energy efficient indoor air quality solutions, has signed an agreement to acquire I-Vent d.o.o (I-Vent) in Slovenia and Croatia, and has completed the acquisition of Ventilairsec SA in France. Both acquisitions will be earnings enhancing and will report as part of Volution Group’s…