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…
New Zealand Coastal Seafoods to acquire 100% Nine Ocean Group
AUCKLAND, NZ: New Zealand Coastal Seafoods Limited (ASX:NZS) has entered into a binding share purchase agreement with PXYY Pty Ltd and Nine Ocean Fishery Pty Ltd and Investment Advisers Alliance Pty Limited to acquire 100% Nine Ocean Group. It is a condition precedent of the transaction that the company also enters into a share purchase…
Multiply Group acquires 80% of International Energy Holding
ABU DHABI, UAE: Multiply Group (ADX: Multiply), an Abu Dhabi-based holding company, has acquired 80% of International Energy Holding LLC. Alpha Dhabi Holding PJSC purchased 20% of International Energy Holding shares (a subsidiary of International Holding Company PJSC). International Energy Holding recently acquired a 50% stake in Kalyon Enerji Yatrimlari A.Ş., a market leading clean…
Abu Dhabi Commercial Bank to divest Abu Dhabi Commercial Properties
ABU DHABI, UAE: In line with Abu Dhabi Commercial Bank’s (ADCB) strategy to focus on growth of core businesses, the Bank is evaluating the opportunity to divest Abu Dhabi Commercial Properties (ADCP). Accordingly, ADCB has entered into discussions on the potential sale of ADCP. This process may or may not result in a transaction, and…
Prime Financial acquires 100% ownership of Intello
SYDNEY, AUSTRALIA: Prime Financial Group (ASX:PFG) has entered into an agreement to acquire 100% ownership of Intello Pty Ltd, a market leading B2B Self-Managed Superannuation Fund (SMSF) Administrator providing services to Accountants, Financial Advisers and their clients across Australia. Approximately 10% ($2.8 million) of Prime’s FY22 revenue was generated through the SMSF service line. The…