General Motors (GM) said automobile sales in U.S. surged 18% in the first quarter of 2023 from a year ago, to over 600,000 vehicles delivered. “We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape, and we sold more than 20,000 EVs in a quarter for the…
Google signs Power Purchase Agreement with Ørsted for renewable energy in Texas
LONDON, UK: In a move to advance its commitment to operate on 24/7 carbon-free energy by 2030, Google has signed a power purchase agreement (PPA) with Ørsted to purchase renewable energy generated by Helena Wind Farm for the next 15 years. The project, which is located in Bee County, Texas, was commissioned in mid-2022 and…
Franchise Brands may acquire Pirtek Europe for of £212.2 million
LONDON, UK: Franchise Brands plc may acquire Hydraulic Authority I Limited, the owner of Pirtek Europe, for a consideration of £200 million. Franchise Brands will also pay £12.2 million for cash, debt and working capital adjustments. In line with Franchise Brands’ strategy to complement organic growth with selective accretive acquisitions focused on B2B franchise systems…
Westpac completes merger of BT’s funds with Mercer Super Trust, and sale of Advance Asset Management business
SYDNEY, AUSTRALIA: Westpac has completed the previously announced merger of BT’s personal and corporate superannuation funds with Mercer Super Trust and the sale of its Advance Asset Management business to Mercer Australia. The merger and sale were first announced on 26 May 2022. Westpac expects to report an after-tax gain on the sale of Advance…
Groupe Berkem acquires Biopress, a French producer of vegetable oils and proteins
PARIS, FRANCE: Groupe Berkem announced the completion of the acquisition of Biopress, a French producer of 100% natural vegetable oils and proteins. Olivier FAHY, Chairman and CEO of Groupe Berkem stated: “Raw material sourcing has always been a real know-how for Groupe Berkem and, faced with an inflationary and geopolitically complex environment, we felt that…
Delfingen has acquired Reiku GmbH in Germany and AHN Chem Co. in Korea
PARIS, FRANCE: Delfingen has announced acquisition of Reiku GmbH in Germany and AHN Chem Co. in Korea in the strategic industrial cabling and textile protection markets for Mobility and Industry. Delfingen acquired 85% of Reiku GmbH, a German family-owned company founded in 1969 and located in the town of Wiehl. Specialized in the protection of…
Lords Group Trading has acquired Chiltern Timber for £1.65 million
LONDON, UK: Lords Group Trading Plc has acquired Chiltern Timber Supplies Limited for a total consideration of up to £1.65 million on a net cash free/debt free basis. The acquisition is in line with the Group’s stated IPO strategy, due to its complementary geographic position to the Group’s existing Merchanting branches, offering product range extension…
BurnStar Technologies will process LNG on site at Ironveld’s Rustenburg smelter
LONDON, UK: Ironveld Energy has signed a Letter of Intent (LOI) with BurnStar Technologies (Pty) Limited to proceed towards a binding Legal Agreement under which BurnStar will, implement its patent-pending ‘Guilt-Free Hydrogen technology, to process Liquefied Natural Gas (LNG) on site at Ironveld’s Rustenburg smelter. Under the Agreement, BurnStar will produce hydrogen as a furnace…
Intertek Group agrees to acquire Controle Analítico
LONDON, UK: Intertek Group, a Total Quality Assurance provider to a range of industries worldwide, has agreed to acquire Controle Analítico Análises Técnicas Ltda (Controle Analítico), a leading provider of environmental analysis, with a focus on water testing, based in Brazil. With heightened societal awareness around environmental health and sustainability, and population growth placing greater…
Belluscura Plc begins manufacturing in China
LONDON, UK: Belluscura plc, a leading medical device developer focused on lightweight and portable oxygen concentrator (POC) technology, has commenced manufacturing in China of its X-PLOR portable oxygen concentrator. This follows the manufacturing agreement announced in March 2022 with InnoMax Medical Technology, Ltd to manufacture the X-PLOR portable POC in China, enabling the Company to…
Hammerson Plc completes disposal of its 25% stake in Italie Deux
LONDON, UK: Hammerson Plc has completed the disposal of its 25% stake in Italie Deux, a 62,000m2 shopping centre in central Paris, and 100% of the 6,500m2 Italik extension for cash consideration of €164m to Ingka Centres via a simultaneous exchange and completion. This represents a 4% discount to 31 December 2022 book value and…
Judges Scientific has acquired Henniker Scientific for £2.3 million
LONDON, UK: Judges Scientific, a group focused on acquiring and developing companies in the scientific instrument sector, announces that it has acquired 100% of the issued share capital of Henniker Scientific Limited, a company specialising in deposition and plasma technology based in Runcorn, Cheshire. The Board expects the Acquisition to be immediately earnings enhancing. The…