LONDON, UK: K3 Capital Group, a multi-disciplinary and complementary group providing specialist advisory services to SMEs, announced the acquisition of insolvency practitioner, Chamberlain & Co. for an initial cash consideration of £3.3 million with an additional deferred consideration of up to £1.1 million. Chamberlain & Co. is an award-winning turnaround, restructuring and insolvency practice headquartered…
International Holding makes capital investment of $200mn in Colombia’s Lulo Bank
ABU DHABI, UAE: International Holding Company (ADX: IHC), through one of its subsidiaries, made a capital investment of AED 734 million (USD 200 million) in Lulo Colombia S.A., the holding company of Lulo Bank S.A. Colombia’s first regulated digital bank, Lulo Bank, is a fast-growing and new player that enters the field of ‘neobanks’ in…
Yahsat acquires minority interest in eSAT Global
ABU DHABI, UAE: Yahsat, the UAE’s flagship satellite solutions provider, announced a minority investment in eSAT Global Inc, an innovative Internet of Things (IoT) connectivity solutions provider that will bring a new disruptive, low-cost, low latency, direct-to-satellite IoT service to the market. The overall IoT market is projected to grow at a CAGR of 22%…
GTT and China Merchants Heavy Industries sign deal for the construction of GTT membrane containment systems
PARIS, FRANCE: GTT has signed a Technical Assistance and License Agreement with China Merchants Heavy Industries-Jiangsu (CMHI-Jiangsu), a subsidiary of China Merchants Industry Holdings (CMI), one of the three leading shipbuilding groups in China, enabling the yard to construct vessels using GTT membrane technologies. GTT and China Merchant Industry Holdings have been cooperating for a…
GAUSSIN and Lhyfe partner for an all-round production & distribution of green mobility
NANTES, FRANCE: GAUSSIN and Lhyfe have signed a Memorandum of Understanding with a view to a strategic partnership. The agreement should make it possible to accelerate the development of hydrogen mobility at port, airport and logistics sites by offering a global solution for the production and distribution of carbon-free mobility. According to the terms of…
Eiffage consortium wins €335 million contract to modernise the Europa Terminal
VÉLIZY-VILLACOUBLAY, FRANCE: Eiffage, through Herbosch-Kiere (Eiffage Benelux subsidiary), has been awarded by Port of Antwerp-Bruges the contract to modernise the Europa Terminal, in a consortium with Artes Roegiers, Artes Depret and Boskalis. The contract is worth €335 million in total, with Eiffage’s share amounting to €129 million, a statement noted. Port congestion worldwide is creating…
Avanquest acquires mobile application developer, Scanner App LLC
PARIS, FRANCE: Avanquest has announced the acquisition of the assets of Scanner App LLC, a US-based company specialized in mobile application development. Avanquest is the Software SaaS division of Claranova (Paris:CLA). This acquisition of Scanner App LLC demonstrates the commitment of Avanquest to develop a strong mobile application business alongside its current desktop applications in…
LCX re-launches regulated cryptocurrency exchange
LONDON, UK: LCX, Liechtenstein’s leading blockchain company, has relaunched its crypto currency exchange – the regulated cryptocurrency trading experience to buy, sell and store a variety of digital assets. Originally launched in 2018, the LCX Exchange Revamp is another milestones in LCX’s growth roadmap establishing the foundational framework including its new backbone infrastructure, scalable account…
Softline Holding agrees to acquire India based Value Point Systems
LONDON, UK: Softline Holding (LSE: SFTL), the global IT and digital transformation solutions and services provider, signed an agreement to acquire Indian digital infrastructure and cybersecurity solutions & services company Value Point Systems. The transaction further strengthens Softline´s business operations and capabilities in cybersecurity, digital infrastructure, managed solutions and services in India. Because of this…
Gaming Innovation Group signs agreement with land based operator in LATAM
OSLO, NORWAY: Gaming Innovation Group (GiG) continues to consolidate a strengthening position within the Latin American (LATAM) market, with the announcement that its award winning platform will again power a leading land based operator’s online expansion. The partnership is expected to take advantage of the combined benefits that GiG’s substantial experience and knowledge can offer,…
IQE announces strategic collaboration agreement with SK siltron
LONDON, UK: IQE plc, the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, has entered into a strategic collaboration agreement with SK siltron for the development and commercialisation of compound semiconductor products. SK siltron pioneers next-generation semiconductor device innovation based on world-class technology. This agreement formalises a…
Bella Dispensa agrees to acquire a 70% in luxury food business, Eccellenze
LONDON, UK: Following its acquisition of premium quality Italian meat retailer Ecocarni, announced on 26 September, the Company’s wholly owned subsidiary, Bella Dispensa has agreed to acquire a 70 per cent stake in Eccellenze S.r.l., a luxury food products business based in Milan. Consideration for the acquisition is €410,000, to be satisfied by the issue…