LONDON, UK: AEW UK REIT has unconditionally exchanged on the purchase of a 67,020 sq ft mixed-use block located in Bath city centre at a price of £13 million, reflecting a low capital value of £194 per sq ft and an attractive net initial yield of 8.5%. Completion of the asset purchase is expected later…
XLMedia signs exclusive sports betting partnership deal with Newsweek
LONDON, UK: XLMedia announced a new partnership with Newsweek to exclusively supply premium sports betting content for the global news brand, reaching 50M unique readers across the U.S. each month. XLMedia will supply the exclusive content through its Sports Betting Dime brand. Newsweek represents XLMedia’s largest national media partner to date, offering substantial audience reach…
Digitalbox has acquired business and assets of thepoke.co.uk (The Poke)
LONDON, UK: Digitalbox plc, the mobile-first digital media business, which owns leading websites Entertainment Daily, The Daily Mash and The Tab has acquired the business and assets of thepoke.co.uk (The Poke) for an undisclosed sum. Launched in 2002, The Poke is a British satirical website which aims “to provide an antidote to the daily grind”…
NEXT plc and Tom Joule to acquire Joules Group
LONDON, UK: NEXT plc has partnered with Tom Joule to acquire out of administration the majority of the assets of Joules via a newly formed company for £34 million to be settled in cash. In addition, NEXT has acquired the current Joules Head Office for £7 million cash. The company intends to continue to operate…
Astrocast partners with Avirtech to enable data-driven smart farming in remote areas
LAUSANNE, SWITZERLAND: Astrocast, a leading global nanosatellite IoT network operator, and Avirtech, a leading provider of plantation control systems that monitor site conditions to reduce operational costs and increase yields, announced a smart farming partnership. Astrocast is providing Avirtech with Satellite IoT (SatIoT) connectivity solutions for its BIOTA intelligent farm control system. This includes integrating…
Mutares completes the acquisition of Heat Transfer Technology (NEM Energy)
MUNICH, AMSTERDAM: Mutares SE & Co. has successfully completed the acquisition of Heat Transfer Technology from Siemens Energy B.V. This new platform investment is strengthening the Engineering & Technology segment and will operate under the name NEM Energy B.V. The company, founded in 1929, is headquartered in Zoeterwoude, the Netherlands, employs more than 280 people…
Gaming Innovation Group signs new deal with Starcasino in Spain
OSLO, NORWAY: Gaming Innovation Group Inc. (GiG) continues to strengthen its presence in the Spanish iGaming market following the signing of an agreement with Starcasino Group for its leading platform and sportsbook. This new alliance, the 14th now in operation for GiG technology in Spain, will allow Starcasino to enter the large and highly competitive…
Palm Valley 12 Well commenced flowing sales gas
SYDNEY, AUSTRALIA: Central Petroleum Limited (ASX: CTP) notified the Palm Valley 12 (PV12) well has been tied-in and commenced flow testing on 28 November 2022. After a period of ramp-up the well flowed at a stable, wellhead skid-limited rate of ~10TJ which exceeded pre-drill expectations. Palm Valley field capacity is expected to approach the maximum…
SRG Global has acquired Bartek, an engineered products business based in Queensland
SYDNEY, AUSTRALIA: SRG Global Ltd (ASX: SRG) has acquired Bartek, an engineered products business based in Queensland for $2.6 million. This strategic acquisition is structured as an asset purchase transaction and is effective from 1 December 2022. Bartek has over 20 years’ experience in the Engineered Products Segment with significant expertise in the supply of…
Merger between Digi and Celcom in Malaysia completed
OSLO, NORWAY: Telenor, Axiata and Digi have completed the merger of the telecommunication operations of Celcom Axiata and Digi. The new company will be named Celcom Digi and will continue its Digi listing on Bursa Malaysia. The closing of the transaction represents another step in the execution of the mid-term strategy presented at the Telenor…
IDEX Biometrics and M-Tech to bringing biometric payment cards to the Indian market
OSLO, NORWAY: IDEX Biometrics ASA is bringing biometric payment cards to the Indian market, in partnership with technology provider M-Tech Innovations Ltd. The biometric payment cards are expected to reach the market in 2023. This partnership will provide banks and other smart card issuers with biometric card solutions for the Indian market, a front runner…
XXL ASA appoints Freddy Sobin as Group CEO
OSLO, NORWAY: The Board of Directors of XXL ASA has appointed Freddy Sobin as Group CEO. XXL is a Norwegian sporting goods retailer with brick and mortar stores and online stores in the Nordics and Austria. XXL ASA is the largest and fastest growing sports retailer by revenue in the Nordic region. XXL’s headquarter is…