STOCKHOLM, SWEDEN: Enea AB has signed a three-year agreement for 5G core network applications and Wi-Fi Service management solutions with a North American Tier-1 mobile network operator. Enea will provide an intelligent 5G APN assignment application and a 5G Standalone mediation function for all subscribers in the customer’s mobile network. Enea will as part of…
Eco (Atlantic) Oil & Gas to sell $25mn worth of new shares
LONDON, UK: Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO) announced its intention to raise aggregate gross proceeds of up to approximately $25million through the issue of new common shares. The issue includes a placing in the United Kingdom, Norway and certain other jurisdictions outside Canada, and a brokered private placement in Canada up to…
Saint-Gobain divests its distribution business in Poland
LONDON, UK: Saint-Gobain Group has entered into an agreement for the sale of Tadmar, its Polish distribution brand specialized in plumbing, heating and sanitaryware products, to the Polish company 3W. In 2021, Tadmar generated revenues of around €100 million. It has around 50 sales outlets and 2 logistic centers and employs 460 people. This divestment…
Xplora to become mobile service provider in UK from late Q2 2022
OSLO, NORWAY: Xplora Technologies AS has signed a partner wholesale agreement with IQ Mobile Ltd, establishing Xplora as a mobile service provider in the UK market from late Q2 2022. The agreement will allow Xplora to bundle smartwatches with Xplora-branded SIM cards and offer Xplora Connect services in the UK market, delivering on the strategy…
Hostelworld launches ‘The Solo System’, enabling opt-in travellers to connect and meet in real life
COPENHAGEN, DENMARK: Hostelworld Group, the leading platform for hostel travel, today announced ‘The Solo System’, a set of social features enabling travellers to interact and connect with like-minded people. Users searching on Hostelworld can now find trending places with the ‘See Who’s Going’ feature, and once a booking is made, they’ll be able to ‘Chat’ to people visiting the same…
Victoria Plc completes acquisition of Balta Group, Belgium-based flooring company
LONDON, UK: Victoria PLC (LSE: VCP) has completed the acquisition of the highly profitable and growing rugs division of Balta Group, the Belgium-based flooring company, along with its profitable UK polypropylene carpet and non-woven carpet businesses (collectively “the Divisions”), together with the internationally-known brand, “Balta”. The total consideration, taking into account working capital movements and cash generation…
First Light Fusion achieves world first fusion result with projectile fusion
LONDON: IP Group plc (LSE: IPO), which develops world-changing science and technology businesses across life sciences, technology and cleantech, notes that portfolio company First Light Fusion Ltd has confirmed that it has achieved fusion which has been independently validated by the UK Atomic Energy Authority (UKAEA). This is the first time fusion has been achieved using a…
Repsol and Ørsted to explore joint development of floating offshore wind projects in Spain
OSLO, NORWAY: Repsol and Ørsted have an ambition of jointly becoming a leading developer in Spanish offshore wind by combining their complementary strengths. The alliance combines Repsol’s expertise as a global multi-energy provider with Ørsted’s experience as the global leader in offshore wind. After several years of concept development and small-scale testing, floating offshore wind…
Aferian plc acquires AI-powered video recommendation service, The Filter
LONDON, UK: Aferian plc, the B2B video streaming solutions company, has acquired 100% of the issued share capital of Exabre Limited, trading as The Filter, a UK-headquartered AI-powered video recommendation service. The Filter generated a loss before tax of $0.5m for the year ended 31 December 2021 and had total assets of $1.0m as at…
Otovo launches battery offering in France and Poland
OSLO, NORWAY: Following the successful battery launches in Italy, Spain and Germany in 2021, and Sweden in February of this year, Otovo is now making home energy storage available to its customers in France and Poland. “It is becoming increasingly evident that batteries are a hugely important value driver both for our customers and for…
SysGroup Plc, acquires Edinburgh based Truststream Security Solutions
LONDON, UK: SysGroup plc (AIM:SYS) announced the acquisition of 100% of the issued share capital of Truststream Security Solutions Limited, a leading provider of managed cyber security services based in Edinburgh. The acquisition has been funded from the Group’s existing cash resources supported by a new revolving credit facility provided by Santander. SysGroup has agreed…
Digital 9 Wireless acquires Leeson Telecom for €60mn
LONDON, UK: Digital 9 Infrastructure announced that its wholly owned subsidiary, Digital 9 Wireless Limited, has completed the acquisition of Leeson Telecom Limited (Host Ireland), a leading enterprise broadband provider in Greater Dublin for a total consideration of approximately €60 million. Host Ireland owns and operates the highest capacity licensed microwave-based Fixed Wireless Access (FWA)…