SYDNEY, AUSTRALIA: Intelligent Monitoring Group (IMG) has agreed to acquire the customer base of Bellrock, a long-standing respected security operator which entered Voluntary Administration in Dec 2022. This is expected to add more than $1.4 million of annualized sales to IMG, subject to any customer attrition, and more than $300,000 of annualized EBITDA when integrated….
Acrow Formwork and Construction acquires Heinrich Plant Hire assets for $11.5mn
SYDNEY, AUSTRALIA: Acrow Formwork and Construction Services Limited has acquired the screen assets from Heinrich Plant Hire, including the intellectual property and existing and secured hire contracts. The purchase price of $11.5 million will be funded by a combination of cash at bank and debt. Acrow Formwork and Construction Services anticipates that the return on…
Middle Island Resources appoints Roland Bartsch as Chief Executive Officer
SYDNEY, AUSTRALIA: Middle Island Resources Limited (ASX:MDI) announced the appointment of Mr Roland Bartsch as Chief Executive Officer (CEO) effective 1 April 2023. Roland Bartsch is a geologist with 35 years’ experience in exploration and operations. He most recently was Vice President and Country Manager Australia for Copper Mountain Mining Pty Ltd where he managed…
Anglo American partners with H2 Green Steel to advance low carbon steelmaking
LONDON, UK: Anglo American has signed a memorandum of understanding with H2 Green Steel, the Swedish hydrogen and steel producer, to work together on the advancement of low carbon steelmaking processes. The agreement includes studying and trialling the use of premium quality iron ore products from Anglo American’s Kumba mines in South Africa and Minas-Rio…
Mutares to proceed with the acquisition of Walor International
LONDON, UK: Mutares SE & Co. KGaA has received the agreement from the creditors of Walor International to proceed with the acquisition of Walor International according to the communicated term sheet. While this represents another important milestone towards a potential transaction, its successful realisation is still dependent on receiving the opinion of all of the…
ACCC seeks further views on ANZ Banking Group’s proposed acquisition of Suncorp Bank
LONDON, UK: The ACCC has released a statement of preliminary views on ANZ Banking Group’s (ASX:ANZ) proposed acquisition of Suncorp Group’s (ASX:SUN) banking arm. The ACCC’s review so far has been focused on home loans and retail deposits, agribusiness banking and small and medium sized enterprise banking, as these are the areas where interested parties…
Royal London to acquire Aegon UK’s individual protection business
LONDON, UK: The Royal London Mutual Insurance Society Limited (Royal London), the UK’s largest life, pensions, and investment mutual has reached an agreement with Aegon UK to acquire its individual protection line of business, subject to court approval. As a result of the acquisition, the life insurance, critical illness and income protection policies for over…
Aukett Swanke sells TFG’s non-core Live Events business
LONDON, UK: Board of Aukett Swanke Group announced the disposal of the non-core Live Events business acquired as part of the recently completed acquisition of Torpedo Factory Group (TFG). Under the terms of an asset purchase agreement, Conferencecast Limited, a company established for the purpose by the division’s principal manager has acquired the business and…
Investec W&I merges into Rathbones creating UK’s leading discretionary wealth manager
LONDON, UK: Rathbones Group Plc and Investec PLC have entered into a definitive agreement regarding an all-share combination of Rathbones with Investec Wealth & Investment Limited (Investec W&I UK) to create the UK’s leading discretionary wealth manager. The combination brings together two trusted and prestigious UK wealth management businesses with closely aligned cultures and operating…
Dr Jelena Arsic van Os appointed CEO of Accsys Technologies
LONDON, UK: Accsys Technologies, the fast-growing and eco-friendly company that combines chemistry and technology to create high performance, sustainable wood building products, announced that Dr Jelena Arsic van Os has been appointed Chief Executive Officer Designate and a member of the Board of Accsys, with effect from 1 July 2023 at the latest. Upon her…
World Wrestling Entertainment (WWE) and Ultimate Fighting Championship (UFC) have agreed to merge
In a major development in the world of sports and entertainment, World Wrestling Entertainment (WWE) and Ultimate Fighting Championship (UFC) have agreed to merge to create a new company controlled by Endeavor Group. The deal was announced on Monday morning and is expected to be completed in the second half of 2023. According to the…
FTC orders Illumina to divest its $7.1 billion acquisition of cancer test developer Grail
The Federal Trade Commission (FTC) has ordered Illumina to divest its $7.1 billion acquisition of cancer test developer Grail, citing concerns that the deal would stifle innovation and competition in the market for multi-cancer early detection tests. The FTC’s decision reverses an administrative judge’s ruling from September, which had dismissed the FTC’s initial challenge to…