LONDON: Concurrent Technologies Plc (AIM: CNC) has announced a $3.72 million contract with a leading defense platforms provider in Asia. The company’s Systems business unit in Los Angeles will deliver rugged systems for next-generation armored vehicle demonstrators. Initial deliveries, including air-cooled R&D units for software development, are expected in 2025, with most revenue recognized in…
Nationwide Mutual expand LeakBot into 16 U.S. States
LONDON: Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, announced Nationwide Mutual Insurance Company will announce a major expansion of their partnership with Ondo, to roll-out LeakBot into 16 U.S. States. Nationwide is a Fortune 100 insurance and financial services company based in Columbus, Ohio and is one of…
Star Energy sells Alton land for £6.3 million
LONDON: Star Energy (AIM:STAR) has announced the sale of its land in Alton, Hampshire to Pickerings Hire Limited for £6.3 million. This site previously hosted the now-decommissioned Holybourne Oil Terminal and is not currently utilized in the company’s operations. The sale is contingent on meeting planning conditions and surrendering the site’s environmental permit, with completion…
Kerry Group to sell Kerry Dairy Ireland to Co-Operative Creameries for €500 million
Kerry Group plc has announced an agreement to sell Kerry Dairy Holdings (Ireland) Limited to Kerry Co-Operative Creameries Limited for €500 million. Kerry Dairy Ireland, fully owned by Kerry, includes popular dairy brands in cheese, snacks, and spreads sold in the UK and Ireland, as well as a dairy ingredients business. Under the deal, Co-Op…
Aristocrat sells Plarium mobile gaming business to Modern Times Group for $820 million
SYDNEY: Aristocrat Leisure Limited (ASX: ALL) announced that its subsidiary, Pixel United Holdings Limited, has entered into a binding agreement for the sale of Plarium Global Limited for a fixed consideration of US $620 million, with contingent consideration of up to US $200 million to Modern Times Group (MTG) (Nasdaq Stockholm: MTG B), an international,…
Jeroen Lokerse appointed CEO of Colliers Netherlands
Diversified professional services company, Colliers, announced the appointment of Jeroen Lokerse as CEO of the Netherlands. Lokerse will be responsible for accelerating the strategic direction and sustained growth of the Dutch business while enhancing the opportunities available to our people within the Netherlands. Lokerse joins Colliers from a 17-year tenure at Cushman & Wakefield, most…
SIX Exchange Group to acquire Aquis Exchange for £207 million
LONDON: SIX Exchange Group AG reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Aquis Exchange Plc for £207 million. Under the terms, Under the terms of the offer, each Aquis shareholder will receive 727 pence in cash for each Aquis share.…
GPE acquires West End refurbishment opportunity
LONDON: Great Portland Estates plc (GPE) announced the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term basis, at…
DP World Australia announces acquisition of Silk Logistics
DUBAI, UAE: DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with a cash offer of A$2.14 per share. The transaction values the equity of Silk…
Silverbullet Data Services Group acquires intellectual property rights from Codec AI
LONDON: Silverbullet Data Services Group (AIM: SBDS), a provider of AI driven digital transformation services and products, has acquired certain intellectual property rights (IPR) from Spore London Limited (Codec AI) for a cash consideration of £50,000 payable in two tranches, plus an earnout of 10% of net revenues generated from the technology up to 31…
Fonterra announces plans to sell consumer businesses
SYDNEY: Fonterra Co-operative Group Ltd has announced its decision to proceed with the sale of its global Consumer business, along with its integrated businesses in Fonterra Oceania and Fonterra Sri Lanka. The decision follows a detailed scoping phase. CEO Miles Hurrell stated that since their announcement in May 2024, Fonterra has been working with advisors…
HMC Capital to acquire iseek, an Australian co-location data centre platform, for $400 million
SYDNEY: HMC Capital Limited (ASX: HMC) has announced an agreement to acquire iseek, an Australian co-location data centre platform, for $400 million. This acquisition aligns with HMC’s plan to create a Global Digital Infrastructure Platform, known as DigiCo. HMC has secured $2.5 billion in strategic assets in Australia and is conducting due diligence on an…