LONDON: Halma Plc, the global group of life-saving technology companies focused on growing a safer, cleaner, healthier future for everyone, every day, today announces that it has acquired Lamidey Noury Medical. Founded in 1947 and headquartered close to Paris, Lamidey Noury manufactures advanced electrosurgical and associated energy devices which are used in minimally invasive urology,…
Elders Limited acquires Delta Agribusiness for $475 million
SYDNEY: Elders Limited has announced it will acquire 100% of the shares in Delta Agribusiness Pty Ltd for an enterprise value of $475 million. Delta is an Australian agribusiness offering rural products and advisory services through 68 locations and around 40 independent wholesale customers. In the last twelve months leading up to June 30, 2024,…
EQ Resources acquires Tungsten Metals Group for strategic growth
SYDNEY: EQ Resources Limited (EQR) has announced a binding Heads of Agreement (HoA) to acquire 100% of the shares in Tungsten Metals Group Limited (TMG) and its subsidiaries, as well as Mr. George Chen’s shares in Asia Tungsten Products Co Ltd (ATC). Together, TMG and ATC form TMG Group. TMG Group owns and operates the…
Apple’s Busy Week: New Features and Future Products
This week, Apple made headlines with several interesting updates and rumours. Here’s a quick roundup: iPhone Reboot Code: Apple has quietly introduced a new reboot code for iPhones. This code is reportedly causing some difficulties for law enforcement as it locks them out of devices. Find My Enhancements: The Find My app now allows users…
Tesla Roundup: Crypto Endorsements, Political Backlash, and Charging Innovations
Elon Musk’s Crypto Endorsement and Political Moves Elon Musk, the Tesla billionaire, has recently endorsed bitcoin and backed Howard Lutnick for Trump’s Treasury secretary. This move comes amid Musk’s warnings about U.S. government spending and potential financial emergencies. His endorsement of Donald Trump has sparked anger among some Tesla owners, leading them to buy anti-Musk…
Volex Plc makes offer to acquire TT Electronics
Volex plc, a global leader in power and data connectivity solutions, has made two proposals to acquire TT Electronics. The first proposal included 62.9 pence in cash and 0.203 new Volex shares per TT Electronics share, valuing each share at 129.0 pence. The second proposal offered 62.9 pence in cash and 0.223 new Volex shares…
Findi to acquire Tata Communications Payment Solutions for A$75.7 million
SYDNEY: Findi Limited (ASX: FND), a digital payments and financial services provider, announced that its majority-owned subsidiary, Transaction Solutions International (India) Pvt Ltd (TSI), has signed a binding agreement to acquire Tata Communications Payment Solutions Ltd (TCPSL), a subsidiary of Tata Communications, for A$75.7 million. The deal requires approval from the Reserve Bank of India…
Gold jewelry demand declined over 50% in the last 5 years
Gold prices have surged 238% in last five years Consumers face pressure from a punishing cost of living and this, combined with gold price strength, generated a drop in demand for gold jewelry. Habib ur Rehman, an office bearer of Pakistan Gems & Jewelry Traders and Exports Association, said people were not buying jewelry anymore….
Boku signs new commercial agreement with Amazon Japan
LONDON: Boku Inc (AIM: BOKU), a leading global provider of mobile payment solutions, has entered into a new commercial agreement with Amazon Japan G.K. to supply digital wallet and other local payment methods to Amazon JP. The new agreement with Amazon JP enables the processing of payments for Amazon JP sales through the amazon.co.jp website. …
Alistair Phillips-Davies, Chief Executive of SSE plc, to retire
LONDON: Alistair Phillips-Davies, Chief Executive of SSE plc, has informed the Board that he intends to retire from SSE during 2025 after more than 11 years of leading the company. Alistair will remain in place until a successor is appointed to ensure a smooth and orderly transition, and he and the rest of the executive…
Strategic review of gold and minerals joint venture in Saudi Arabia
LONDON: KEFI, the gold and copper exploration company, has provided an update on its joint venture, Gold and Minerals SLA (GMCO), in Saudi Arabia with majority partner Abdulrahman Saad AlRashid & Sons (ARTAR). The partners are conducting a strategic review, resulting in KEFI deciding to reduce its stake in GMCO from 25% to 15% instead…
Just Eat Takeaway.com sells Grubhub to Wonder Group for $650 million
LONDON: Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY) has entered into a definitive agreement to sell Grubhub Inc. to Wonder Group, Inc. for an enterprise value of USD650 million. Transaction highlights · Agreement to sell Grubhub to Wonder for an enterprise value of USD650 million; · Grubhub will be transferred with its USD500 million…