LONDON, UK: Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, announced the acquisition of Vita Software, a leading provider of transportation management system (TMS) solutions, for a total consideration of £2.06 million. The acquisition will expand Microlise’s suite of transport technology solutions and is expected to…
Coinsilium Group to acquire Web3 advisory service business of Tokenomi
LONDON, UK: Coinsilium Group Limited (AQSE: COIN) has entered into Heads of Terms (HoT) with Tokenomi, a blockchain and Web3 advisory services firm and with its owner and managing director, Alexis Nicosia, to acquire the advisory service business and certain intellectual property assets of Tokenomi, under a proposed Asset Purchase Agreement (APA). Tokenomi advisory client…
RS Group appoints Simon Pryce as Chief Executive Officer
LONDON, UK: RS Group announced that Simon Pryce is to be appointed to the role of Chief Executive Officer (CEO) and Executive Director with effect from 3 April 2023. David Egan, currently Acting CEO, will work alongside Simon in his role of Chief Financial Officer (CFO). RS Group plc is a distributor of industrial and…
Guild Mortgage has acquired Cherry Creek Mortgage
SAN DIEGO: Guild Mortgage (NYSE: GHLD) has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with physical branches across the country whose business and customer-centric approach closely aligns with Guild’s. Cherry Creek Mortgage was co-founded by Jeff May in Greenwood Village, Colorado in 1987. He led company growth over the past 36 years,…
Pakistan’s car sales decline 40% amidst muted demand
KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down by 40% MoM to clock in at 3,642 units. The decline in sales is mainly due to supply side constraints along with muted demand which has led automobile players to close…
PPK Group to acquire majority interest in lithium battery manufacturer, PowerPlus Energy
SYDNEY, AUSTRALIA: PPK Group Limited (ASX: PPK) has entered a series of conditional transactions to acquire a material interest in PowerPlus Energy Pty Ltd, Australia’s largest privately owned lithium battery manufacturer. PowerPlus Energy specialises in supplying reliable, long-lasting modular battery storage solutions for on-grid and off-grid homes and businesses. PowerPlus Energy, based in Melbourne, Victoria…
U.S. average mortgage rate drop to 6.57%
The U.S. average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. U.S. mortgage rates loosely follow the yield on the 10-year Treasury, which fell to a one-month low in…
Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion
Silver Lake and CPP Investments announced plans to acquire Qualtrics for $12.5 billion. Shares of Qualtrics were up more than 6% Monday, CNBC reported. Qualtrics is a web-based software platform that provides a range of research tools for businesses, academic researchers, and other organizations. The platform allows users to design and distribute surveys, collect and…
Pfizer acquires Seagen for $43 billion to produce record scale cancer drug
Pfizer CEO Albert Bourla on Monday said the pharmaceutical giant will be able to deliver Seagen’s cancer therapy to the world “at a scale that has not been seen before” with its $43 billion acquisition, CNBC reported. Seagen, formerly known as Seattle Genetics, is a biotechnology company that specializes in the development and commercialization of…
Australian energy regulator all set to increase prices this week
The Australian Energy Regulator will release its interim decision on Wednesday, where it’s expected to increase the maximum retail electricity fee for homes and small businesses in NSW, South Australia and southern Queensland. The Australian Council of Social Services (ACOSS) is calling on the government to help less-privileged people by wiping off their energy debt. It wants…
United Kingdom will ramp up defense spending by $6 billion
The United Kingdom will ramp up defense spending by $6 billion. In a statement released Sunday, British Prime Minister Rishi Sunak pledged to use the extra spending, spread over two years, to replenish ammunition stocks, modernize the UK’s nuclear submarine program and fund the “next phase” of AUKUS, a security pact struck between the three…
How Ignoring M&A Can Affect a Company’s Growth? Where Do You Need Mergers & Acquisitions Specialists?
Merger and Acquisition (M&A) is a common practice in the corporate world to enhance a company’s growth. It is an efficient way to enter new markets, expand customer base, and acquire new technologies or resources. However, many companies still hesitate to pursue M&A due to various reasons, such as lack of expertise or fear of…