LONDON, UK: AssetCo (AIM: ASTO), the agile asset and wealth management company, has reached agreement to acquire the entire issued share capital of SVM Asset Management Holdings Limited, the holding company to SVM Asset Management Limited for a total consideration of approximately £10.7 million, a bourse filing noted. The consideration will be satisfied by the…
Ken Gilmartin appointed CEO of John Wood Group
LONDON, UK: John Wood Group announced the appointment of Ken Gilmartin as Chief Executive Officer (CEO), effective from 1 July 2022. Ken’s appointment follows an extensive selection process that considered both internal and external candidates. Following 15 years with Jacobs, Ken joined Wood as Chief Operating Officer in August 2021. In his time at Jacobs,…
Fenix acquires 100% ownership of mid-west haulage business, Fenix-Newhaul
SYDNEY, AUSTRALIA: Fenix Resources (ASX: FEX) has signed definitive agreements with Newhaul Pty Ltd to acquire Newhaul’s 50% interest in Fenix-Newhaul, resulting in the consolidation of 100% ownership of the haulage business into Fenix. Factoring in the cash and equity consideration of the Transaction, the additional cash flows generated from the consolidation of the Company’s…
CountPlus acquires CDC Partners
SYDNEY, AUSTRALIA: CountPlus Limited (ASX: CUP) has announced that subsidiary firm CountPlus One has acquired the business of CDC Partners Pty Ltd, a Sydney-based firm that has provided accounting services since 1987. CDC generated recurring revenues of $500,000 in 2021. As part of the transaction, Gregory Diment, founder of CDC, is expected to remain with…
Mark Heine appointed as EROAD’s new Chief Executive Officer
AUCKLAND, NZ: Transportation technology services company EROAD (NZX/ASX: ERD), confirmed the appointment of Mark Heine as EROAD’s new Chief Executive Officer. The Board began a global search process in late 2021 for a new Chief Executive Officer to allow Steven Newman to step back from the day-to-day responsibility of leading the company. With Steven’s resignation…
Demand for used EVs skyrockets
The market for used electric vehicles (EVs) is rapidly increasing. Indeed, so far in 2022, transactions including used battery EVs have more than doubled: 6,625 to 14,586, a rise of 120.2 per cent. But why is this happening? Below, we explore the growing demand for used EVs and what might be behind this surge. Out…
Mutares acquires heat transfer technology from Siemens Energy B.V.
MUNICH: Mutares SE & Co KGaA has signed an agreement to acquire Heat Transfer Technology from Siemens Energy B.V. This acquisition will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction, expected in the 4th quarter this year, is subject to the fulfilment of information and consultation rights…
Best Stocks To Buy As A Student in 2022
College students often deal with major financial challenges to pay for college studies. Not all are able to secure full scholarships or financial aid. Many have to look for student jobs and freelance work opportunities to pay their loans, debt, and current expenses. Some choose to buy stocks to live off dividends. In fact, it…
The Main Benefits Of Alternative Investments For Your Financial Situation
There’s no doubt that the stock market has been unpredictable lately. With wild swings up and down, it can be difficult to know where to invest your money for the best return. While stocks might still be a good option for some people, others may want to consider alternative investments. Here are several important benefits…
Keppel DC REIT acquires two data centres in Guangdong, China for RMB 1.38bn
SINGAPORE: Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co. Ltd. and its parent company, Guangdong Bluesea Mobile Development Co. Ltd., to acquire two data centre facilities, on a fully-fitted basis, in Jiangmen, Guangdong Province, for RMB 1,380.6 million (approximately S$297.1 million), a release noted. The two transactions follow the acquisition of Guangdong Data…
Alex Freudmann appointed Managing Director of M&S Foods
LONDON: Alex Freudmann, currently Managing Director of Dan Murphy’s – Australia’s leading beer, wine and spirits retailer – will be joining M&S as Managing Director of Food in a planned succession to Stuart Machin, now (Marks and Spencer Group) M&S Chief Executive, a bourse filing noted. Alex has an extensive track record of leading change in…
Majorel and Sitel Group agree on key terms for a potential merger
LUXEMBOURG: Majorel Group Luxembourg has, together with its major shareholders Bertelsmann Luxembourg, Saham Customer Relationship Investment and Saham Outsourcing Luxembourg, agreed with Sitel Group S.A. and Sitel’s majority shareholder, the Mulliez family, on key terms for a potential merger of Majorel and Sitel. Sitel is a leading provider of CX products and solutions, with 165,000+…