LONDON, UK: Mitie Group plc has acquired 8point8 Support Limited, 8point8 Training Limited and Vantage Solutions Limited (collectively “8point8”), a leading provider of design and construction services in the UK, predominantly for mobile telecoms tower infrastructure. Total consideration is £10 mn and the acquisition will be accretive to earnings and funded through existing facilities. With…
Aker, Cognite & Telenor jointly establish software security business, Omny
FORNEBU, NORWAY: Aker Capital, Cognite and Telenor, are establishing a software security company to serve industry and operational technology. The company called Omny will fill a gap in the cybersecurity market where there is a great unmet need for software that prevents cyber-attacks and secures businesses’ operations. The aim is to build a Norwegian software…
Phillip Boylen appointed CEO of Fletcher Construction Company
AUCKLAND, NZ: Fletcher Building announced that Phillip Boylen has been appointed as the new Chief Executive of Fletcher Construction Company Limited (FCC). Fletcher Building Chief Executive Officer Ross Taylor says: “Phillip has been with FCC since 2019 and is presently responsible for both Brian Perry Civil and Higgins; these businesses represent around 70% of the…
Dicker Data acquires Hills’s Security & IT Division for $19.35mn
SYDNEY, AUSTRALIA: Dicker Data Limited (ASX: DDR) announced the completion of the acquisition and transition of the Hills Limited (ASX: HIL) Security and IT (SIT) division. Hills shareholders voted in favour of the Business Sale Agreement on Wednesday, 20 April 2022, with the Company taking full ownership from Monday, 02 May 2022. The purchase price,…
OFX acquires Canadian Corporate foreign exchange business
SYDNEY, AUSTRALIA: OFX Group Limited (ASX: OFX) has completed the acquisition of 100% of Firma Foreign Exchange Corporation (Firma) and most of its subsidiaries. This is pursuant to the agreement announced on 20 December 2021 for OFX to acquire 100% of Firma for a total consideration of C$90m (A$98m). Firma is a global foreign exchange…
Camplify Holdings has bought Mighway and SHAREaCAMPER
SYDNEY, AUSTRALIA: Camplify Holdings Limited (ASX: CHL) has bought Mighway and SHAREaCAMPER from Tourism Holdings Limited (THL). THL received 1,059,162 CHL shares at an agreed shared price of $3.34 per share in the first tranche. The remaining tranche of between 1,147,424 and 2,639,201 CHL shares will be paid in 12 month time. The shares will…
Family Zone to acquire global parental control leader Qustodio for $52mn
SYDNEY, AUSTRALIA: Family Zone has entered into an agreement to acquire 100% of the shares in Qustodio LLC (the US holding company of Qustodio) and its Spanish subsidiaries for US$52 million with 52% payable upfront in a combination of cash, vendor finance and Family Zone shares. The remaining 48% is payable in Family Zone shares…
Norsk Hydro offers to acquire Polish recycler Alumetal for EUR 232mn
OSLO, NORWAY: Norsk Hydro has announced a tender offer for the acquisition of 100% of the shares of Alumetal S.A, a company listed on the Warsaw Stock Exchange for 68.4 PLN per share in cash, representing an aggregate equity purchase price of approximately 1.066 PLN million (approx. EUR 232 million). The transaction implies an Enterprise…
AstraZeneca setting up R&D centre in Cambridge, Massachusetts
LONDON: AstraZeneca has announced plans to open a new site at the heart of the Cambridge, MA, life sciences and innovation hub. It will be a strategic R&D centre for AstraZeneca, as well as Alexion’s new corporate headquarters. AstraZeneca is working with BXP (NYSE:BXP) on development of the new site. The site will bring together approximately 1,500 R&D, commercial…
Aukett Swanke announces disposal of interest in John R Harris & Partners
LONDON, UK: Aukett Swanke announced the disposal of its interest in John R Harris & Partners Limited, incorporated in Cyprus and operating out of the Middle East, to the local management team for a maximum consideration of AED 5.0 million (approximately £1,074,000). The consideration is to be settled by AED 4.25 million (approximately £913,000) in…
Rotala plc acquires Johnsons Henley’s entire bus service business and fleet
LONDON, UK: Rotala plc (AIM: ROL) announced the acquisition from Johnsons (Henley) Limited of its entire bus business and 20-strong fleet, for a cash consideration of £936,000 payable on completion. The business being acquired is a well-established operator of commercial and contracted bus services in Warwickshire and the southern West Midlands. The acquisition is expected…
Stealth Global acquires United Tools Albany WA Store Operation
SYDNEY, AUSTRALIA: Stealth Global Holdings Ltd (ASX: SGI) has agreed to acquire the business assets of United Tools Albany, Western Australia, store operation (UTA) for $0.46 million in cash, expanding its Western Australian ‘company-owned’ footprint and strengthening its market position. Operating as a bannered United Tools store, UTA is a business-to-business (b2b) and business-to- consumer…