LONDON, UK: RHI Magnesita, a global leader in refractories, has announced its acquisition of the Europe, India, and US operations of Seven Refractories for approximately €93 million in cash. Seven Refractories specializes in non-basic monolithic refractory mixes, which have a wide range of applications across several customer segments, including iron and steel, cement, aluminum, and…
Britten-Norman and CAeS merge to create zero-emissions sub-regional aircraft by 2026
LONDON, UK: HydrogenOne, a fund based in London that invests in clean hydrogen for positive environmental impact, has announced a £7 million investment in Cranfield Aerospace Solutions Ltd (CAeS) on March 24, 2022. Today, HydrogenOne and its co-investors are excited to announce that Britten-Norman, the manufacturers of the Islander aircraft, and CAeS, pioneers in hydrogen-electric…
Google’s Pixel 8 and Pixel 8 Pro flagship phones, slated for release in October
Google is set to release its highly anticipated Pixel 8 and Pixel 8 Pro flagship phones in October, with rumors and leaks already giving us a glimpse of what we can expect from these devices. Both phones are expected to be unveiled via a livestream event in early October, with a release date later in…
Equatorial Resources acquires Nimba Alliance Iron Ore Project in Guinea
SYDNEY, AUSTRALIA: Equatorial Resources Limited has signed a conditional agreement to acquire the Nimba Alliance Iron Ore Project in Guinea, West Africa. The acquisition is in line with Equatorial’s strategic focus on large-scale exploration and development of iron ore assets situated within clusters of major iron ore projects. The purchase is subject to due diligence…
LiveHire Limited to acquire Arrived Workforce Connections for A$5.92 million
SYDNEY, AUSTRALIA: LiveHire Limited (ASX: LVH) has announced that it has entered into a conditional binding Asset Sale Agreement with Arrived Workforce Connections Inc. (Arrived) for the acquisition of all of Arrived’s business and assets. The deal, which is subject to LiveHire shareholder approval, will see the company pay an aggregate purchase price of up…
SmartAsset expands consumer-advisor connection with DeftSales acquisition
New York-based web marketplace, SmartAsset, has acquired DeftSales, a Houston-based prospect engagement firm for financial experts. This acquisition will help SmartAsset to expand its services. DeftSales, founded in 2020 by Brendan Brown, James Fason, and Hunter Wright, automates outreach, provides analytical insights and seamlessly integrates with various CRM platforms. SmartAsset, founded by Michael Carvin, is…
BuzzFeed to shut down news division and cut 15% of staff in major restructuring move
BuzzFeed, the digital media company known for its listicles and quizzes, is shutting down its news division and will cut about 15% of its entire staff. The decision was announced by BuzzFeed’s co-founder and CEO Jonah Peretti in a memo to staff. According to multiple media reports, the cuts will affect teams across its business,…
European Parliament approves comprehensive regulations for cryptocurrency industry
The European Parliament has approved the world’s first comprehensive set of rules aimed at regulating the cryptocurrency industry. The Markets in Crypto Act, or MiCA, seeks to reduce risks for consumers buying crypto assets by imposing requirements on crypto platforms, token issuers, and traders around transparency, disclosure, authorization, and supervision of transactions. The legislation, which…
OTO International to acquire South West Brands at an enterprise value of £6.235 million
LONDON, UK: South West Brands Limited (SWB) has entered into a Sale & Purchase Agreement (SPA) for the sale of SWB to OTO International Limited (OTO) for an enterprise value of £6.235 million to be paid in OTO shares. OTO is an omni-channel premium wellness brand renowned for its use of holistic plant ingredients and…
Caledonia Investments acquires majority stake in AIR-serv Europe
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…