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STMicroelectronics to build SiC substrate manufacturing facility in Italy
GENEVA, SWITZERLAND: STMicroelectronics (NYSE: STM) will build an integrated Silicon Carbide (SiC) substrate manufacturing facility in Italy to support the increasing demand from ST’s customers for SiC devices across automotive and industrial applications as they transition to electrification and seek higher efficiency. Production is expected to start in 2023, enabling a balanced supply of SiC…
Orano develops its electric vehicle battery recycling project
PARIS, FRANCE: The Orano group, a specialist in the nuclear cycle and the processing of strategic materials, is continuing to develop its project for the recycling of Lithium-ion electric vehicle batteries, joining forces with French and international partners. Following on from the launch of the REsolutION1 electric vehicle battery recycling project in 2019, in July…
Arcadis signs deal to acquire DPS Group for €232 million
AMSTERDAM: Arcadis, the leading global design & consultancy organization for natural and built assets, has entered into an agreement to acquire DPS Group, a leading consultancy, engineering and construction management company for Life Sciences and Semiconductor facilities. The acquisition of DPS for a cash consideration of €232 million or an enterprise value of around €295m…
DX Group launches electric vehicle programme with IKEA
LONDON, UK: DX Group, the provider of delivery solutions, including parcel freight, secure courier and logistics services, has launched a three-year project to acquire a fleet of electric vehicles for use in its delivery and logistics partnership with IKEA. The ompany has recently invested £750,000 with further investment planned over the next three years to…
Dukemount Capital sells two RTB energy generation sites
LONDON, UK: Dukemount Capital, the property management and long dated income specialist, announced that HSKB Limited, in which it holds a 50% interest, has successfully completed the sale of two special purpose companies, to Mast Energy Developments Plc, for an aggregate sale price of £350,000. Each company contains an 11kV gas peaking facility, which are…
Hydrogen Future Industries acquires suite of international patents
LONDON, UK: Hydrogen Future Industries (AQSE:HFI), a developer of proprietary wind and water-based green hydrogen production systems, announced the acquisition of a suite of international patents which are relevant to the systems being developed by the company, by its joint venture subsidiary HFI IP Holdings Limited. Highlights: Acquisition significantly enhances IP around Hydrogen Future Industries…
Hill & Smith Holdings has acquired National Signal Inc for $25.3mn
LONDON, UK: Hill & Smith Holdings, the international group creating sustainable infrastructure and safe transport through innovation, has completed the acquisition of the business and assets of National Signal Inc. from its shareholders, the management team, who will be staying with the business. The initial cash consideration is $25.3 million (c.£22.2m), on a debt and…
Strix Group agrees to acquire Billi Australia & NZ, and Billi UK
LONDON, UK: Strix Group Plc (AIM: KETL) has entered into conditional agreements to acquire the entire issued share capitals of each of (i) Billi Australia Pty Ltd and Billi New Zealand Ltd and (ii) Billi UK Ltd for an aggregate cash consideration of approximately £38 million, payable on completion, on a debt and cash free…
Kin + Carta appoints Adam Hasemeyer as Group CEO of Americas Region
LONDON, UK: Kin + Carta plc, the international digital transformation (“DX”) company announced the appointment of Adam Hasemeyer as the Group CEO of Kin + Carta’s Americas region following a comprehensive search and selection process. Adam joined Kin + Carta through acquisition three years ago, having most recently held the role of President of the…
Halfords Group has acquired Lodge Tyre Company for £37.2 million
LONDON, UK: Halfords Group, the UK’s largest provider of Motoring and Cycling products and services, announced the acquisition of LTC Trading Holdings and its subsidiary Lodge Tyre Company for total consideration of £37.2 million with £33.2 million paid on completion and £4 million paid in FY25 subject to performance. Graham Stapleton, Chief Executive Officer of…
Vonex Limited agreed to acquire OntheNet for $9.6 million
SYDNEY, AUSTRALIA: Vonex Limited (ASX: VN8) has agreed to acquire 100% of the shares of Network Technology trading as OntheNet for $9.6 million, comprising $7.7 million of cash consideration payable on completion and $1.9 million of escrowed shares, contingent upon customer related metrics. Vonex Managing Director, Matt Fahey, said: “This is a highly strategic acquisition…