PARIS: TotalEnergies and French artificial intelligence firm Mistral AI announced a collaboration Tuesday to accelerate AI-driven innovation in support of the energy company’s multi-energy strategy, with a focus on low-carbon solutions. The partnership will establish a joint AI innovation lab staffed by teams from both companies. Mistral AI will provide its advanced AI technologies, while TotalEnergies…
Hercules plc has acquired Quality Transport Training Ltd
LONDON: Hercules plc (AIM: HERC), a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, announced the acquisition of the business and assets of Quality Transport Training Ltd (“QTT”). QTT has a proven track record of supporting unemployed individuals into work through fully funded training programmes, often in partnership with local authorities,…
EARNZ Holdings to acquire A&D for up to £2.8 million in cash and shares
LONDON: EARNZ Holdings Limited, a wholly owned subsidiary of its parent company, has agreed to acquire the entire share capital of A&D for a maximum consideration of £2.8 million, the companies announced. The deal includes an initial payment of £1.3 million, consisting of £840,000 in cash at closing, £200,000 held in escrow contingent on A&D…
EDF Energy Customers to acquire Pod Point Group Holdings PLC in £10.6 Million Deal
LONDON: EDF Energy Customers Limited (EDF) has agreed to acquire Pod Point Group Holdings PLC (“Pod Point”) in a recommended cash deal valued at approximately £10.6 million, the companies announced Thursday. Under the terms of the acquisition, Pod Point shareholders will receive 6.5 pence per share, a 24% premium over the closing price of 5.24…
German start-up Proxima Fusion raises €130 million to develop fusion power plant
MUNICH: German start-up Proxima Fusion announced Wednesday it raised 130 million euros ($148 million) in a record funding round, with investors betting the company can develop the world’s first commercial nuclear fusion power plant. The Series A financing, co-led by Cherry Ventures and Balderton Capital, marks the largest private fusion investment in Europe to date….
The Smarter Web Company begins trading on OTCQB Venture Market in U.S.
LONDON: The Smarter Web Company PLC (AQUIS:SWC / OTCQB:TSWCF), a London-listed technology firm, announced Wednesday that its shares have been approved for trading on the OTCQB Venture Market in the United States. Trading under the symbol “TSWCF” will begin at the market open. The company’s ordinary shares will continue to trade on the Aquis Stock…
Qantas Group to shut down Jetstar Asia, redeploy aircraft to core markets
SYDNEY: The Qantas Group announced Wednesday it will close its Singapore-based subsidiary, Jetstar Asia, as part of a strategic restructuring to focus on its core markets in Australia and New Zealand. The move will free up $500 million in capital to support the group’s fleet renewal program. Jetstar Asia, which has operated for over 20…
Johns Lyng Group receives takeover proposal from Pacific Equity Partners
SYDNEY: Johns Lyng Group (ASX: JLG), an integrated building services provider, confirmed it received a non-binding indicative proposal from Pacific Equity Partners (PEP) to acquire 100% of its shares via a scheme of arrangement. The proposal, disclosed after market close on May 16, includes an opportunity for senior management, including CEO and largest shareholder Scott…
FOS Capital to acquire Aldridge Traffic Systems in $3.1 million deal
MELBOURNE: FOS Capital Limited (FOS) announced today it will acquire the street lighting assets of Aldridge Traffic Systems Pty Ltd (ATS) from the financially troubled Traffic Technologies Ltd (ASX: TTI), which entered voluntary administration in April. The $3.1 million acquisition will be funded through a $3.7 million equity raising, with shares offered at a 3.2%…
Oakley Capital to acquire majority stake in Italian Join Business Management Consulting
LONDON: Oakley Capital Investments Ltd. said Wednesday its Origin II fund has agreed to acquire a majority stake in Join Business Management Consulting (JBMC), an Italian management and IT consultancy focused on the financial services sector. Join Business Management Consulting, based in Siena, provides digital transformation, IT project management and data-driven services to major Italian…
KKR, Stonepeak raise cash offer for UK’s Assura in takeover bid
LONDON: Private equity firms KKR and Stonepeak have increased their cash offer for Assura plc, a UK-based healthcare property company, in a bid to outcompete a rival takeover attempt by Primary Health Properties (PHP). The consortium, operating through newly formed Sana Bidco Limited, announced Wednesday its “best and final” cash offer of 50.42 pence per…
Oakley Capital acquires majority stake in global advisory firm G3
LONDON: Oakley Capital VI, a fund managed by pan-European private equity firm Oakley Capital, has acquired a majority stake in G3, a global strategic advisory consultancy. The transaction marks the fund’s first investment since reaching its €4.5 billion hard cap earlier this year. Oakley Capital Investments Limited said its indirect contribution via Fund VI is…