LONDON, UK: IQE plc (AIM: IQE) the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announced a formal commitment to Net Zero carbon neutrality across its operations by 2050, in accordance with the Science Based Targets initiative (“SBTi”). As part of this commitment, IQE will formulate science-based…
Europris acquires Strikkemekka for NOK 88.4 million
FREDRIKSTAD, NORWAY: Europris is acquiring 67 per cent of Strikkemekka Holding AS for NOK 88.4 million. The purchase price is final, and the acquisition will be settled in cash, a bourse filing noted. The main revenue contributor in the Strikkemekka group is the Strikkemekka.no online store. This was launched in 2017 and quickly became Norway’s…
BHP to retain New South Wales Energy Coal
LONDON, UK: BHP announced that it will retain New South Wales Energy Coal (NSWEC) in its portfolio, seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026 and proceed with a managed process to cease mining at the asset by the end of the 2030 financial year. The decision…
IWS signs strategic partnership with Bourbon to address French renewable energy market
OSLO, NORWAY: Integrated Wind Solutions ASA (IWS) has entered into a strategic partnership, through its subsidiary IWS Fleet AS, with BOURBON to address the French commissioning and maintenance market of offshore wind farms. This agreement will allow BOURBON to market and operate the IWS’s “Skywalker class” windfarm specialized support walk-to-work vessels in France. The ship…
Water Intelligence acquires Shanahan Plumbing LLC
LONDON, UK: Water Intelligence plc (AIM: WATR.L) announced the acquisition of Shanahan Plumbing LLC, a plumbing company with operations in both Connecticut and New York. Water Intelligence is the leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water. The acquisition builds upon the Group’s growing American Leak…
Marc Ronchetti appointed Group Chief Executive at Halma Plc
LONDON, UK: Halma Plc, the global group of life-saving technology companies, announced that Andrew Williams has decided to retire as Group Chief Executive next year, after 18 years in the role. He will be succeeded by Marc Ronchetti, Chief Financial Officer, who is appointed as Chief Executive Designate, a bourse filing noted. Andrew joined Halma…
Shaftesbury Plc to merge into Capital & Counties Properties
LONDON, UK: Capital & Counties Properties (Capco) and Shaftesbury PLC have reached agreement on the terms of a recommended all-share merger to form the combined group to be called Shaftesbury Capital PLC on completion, a statement noted. It is intended that the merger will be implemented by way of a scheme of arrangement of Shaftesbury,…
Big Yellow acquires self storage centre in Aberdeen for £10 million
LONDON: Big Yellow Group announced the acquisition of an existing 53,000 sq ft self storage centre in Aberdeen for £10 million. The store, currently branded as Simply Self Storage, is the only purpose-built self storage centre in Aberdeen, and will be rebranded as Big Yellow. The purchase price represents a starting 6% net initial year…
iCandy completes Flying Sheep Studios acquisition
SYDNEY, AUSTRALIA: iCandy Interactive Limited (ASX: ICI) completed the 60% acquisition of European game developer, Flying Sheep Studios GmbH. As announced on 8 June 2022, the company will pay a total of EUR 2 million (AUD3.01 million), to be settled as follows: (A) EUR1.2 million (A$1.81 million) cash investment into Flying Sheep Studios in return…
Horizon Oil Limited appoints Richard Beament as MD & CEO
SYDNEY, AUSTRALIA: The Board of Horizon Oil Limited (Horizon) announced the appointment of Richard Beament as Managing Director and Chief Executive Officer, effective 1 July 2022. Christopher Hodge, the current Managing Director and Chief Executive Officer, will step down from the role on 1 July 2022 and has agreed to assist in an orderly transition…
The Reject Shop appoints Phillip Bishop as new Chief Executive Officer
SYDNEY, AUSTRALIA: The Reject Shop Limited (ASX: TRS) announced the appointment of Phillip Bishop as its new Chief Executive Officer. Phillip Bishop is an experienced retailer with 30 years of experience, most recently holding senior roles at Bunnings, including the role of Director Merchandise & Marketing, and prior to that in various senior roles at…
ReadyTech to acquire IT Vision at an upfront consideration of $23.1
SYDNEY, AUSTRALIA: ReadyTech Holdings has signed an agreement to acquire IT Vision, a specialist provider of local government focused technology. Upfront consideration of $23.1 million will be paid using a combination of 50% cash and 50% shares. Earnout consideration up to an additional $31.5 million (payable in cash and/or, subject to shareholder approval, ReadyTech shares)…