OSLO, NORWAY: Atea Finland has acquired Gambit Group, an IT services provider based in Vaasa, Finland. The acquired business specializes in information management solutions, including data analytics, machine learning and related system development. The parties have agreed that transaction terms shall remain confidential. Gambit Group had revenue of approximately 4 million Euro in the fiscal…
Hubify to acquire Managed Services & Telco Business of Connected Intelligence
SYDNEY, AUSTRALIA: Hubify Limited (ASX: HFY) has executed a Business Sale Deed with Connected Intelligence to acquire its Managed Services and Telco Business effective April 1, 2022. The acquisition will contribute $2.6m in revenue and $0.87m EBITDA on an annualised basis based on year to date FY20 results and will be highly earnings accretive for…
Left Field Printing Group acquires ScotPac Chattel Mortgages Facility
SYDNEY, AUSTRALIA: Left Field Printing Group Limited has acquired the Chattel Mortgage facility held by Scottish Pacific Business Finance Pty Ltd at its current indebtedness of ~$5M and has advanced Ovato a further $5m under this facility to assist with Ovato’s working capital. A chattel mortgage allows the buyer to use the equipment while the…
Armour Energy CEO, Bradley Lingo, resigns
SYDNEY, AUSTRALIA: The Directors of Armour Energy Limited (ASX: AJQ) hereby advise that Mr Bradley Lingo has resigned as CEO of the Company, effective immediately. Armour Energy Executive Chairman, Mr Nicholas Mather, commented: “The Board of Directors thank Bradley for his contribution to the Company during a challenging period.” Until a replacement is appointed, the…
Vmoto enters advisory & investment deal with Giovanni Castiglioni, Graziano Milone
SYDNEY, AUSTRALIA: Global electric vehicle company Vmoto Limited (ASX: VMT) has entered into a strategic advisory and investment agreement with Giovanni Castiglioni (Castiglioni) along with a partnership and investment agreement with Graziano Milone (Milone), both well-known and experienced European entrepreneurs, investors and executives in the global motorcycle industry. The Castiglioni family has over thirty years…
Pepper Money to acquire 65% interest in Stratton Finance for $78mn
SYDNEY, AUSTRALIA: Pepper Money Limited (ASX:PPM) has executed binding agreements to acquire a 65% interest in Stratton Finance Pty Limited (Stratton) for $78.0 million. The acquisition is subject to Foreign Investment Review Board (FIRB) approval and other customary conditions precedent and is anticipated to complete in Q3 CY2022. The transaction values Stratton at $120.0 million…
TPW retail business sale: All substantial conditions now met
AUCKLAND, NEW ZEALAND: Trustpower (TPW) advised that all substantial conditions for the sale of its retail business to Mercury Limited (MCY) for $441million have now been met, with settlement expected to take place 1 May 2022. The sale includes Trustpower’s existing retail contracts to supply electricity, gas, fixed and wireless broadband and mobile phone services….
Creating a social media friendly website
Creating a social media friendly site means making sure that your website integrates with the various social media platforms effectively. If you’re a business owner with a website, you are probably already familiar with how to incorporate search engine optimization best practices to ensure your site is found on Google and other search engines. However,…
Meta, NIBAF collaborate to up-skill women entrepreneurs
KARACHI, PAKISTAN: Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order to foster sustainability and resilience of women-led businesses in the country.The program is being implemented under the ‘Business Resilience through Financial Education (BRFE)’ component…
Car prices increase by an average 9.4% in March
KARACHI: In a fresh round of car prices increase, the automobile assemblers in Pakistan, across the board have hiked the prices by an average 9.4% in March 2022 to pass-on the cost pressures emanating from the continuous PKR devaluation against USD. To note, this is the third time prices have increased post annual budget. The…
Triple Point Energy invests in portfolio of Battery Energy Storage System assets
LONDON, UK: The Board of Directors of Triple Point Energy Efficiency Infrastructure Company announced that the Group, via TEEC Holdings Ltd, has signed contracts to provide a debt facility to a subsidiary of Virmati Energy Ltd, for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System (BESS) assets in the…
GTC expands its platform for the energy transition
LONDON, UK: Getech Group, the net zero technology provider and data-led energy asset developer, has expanded its Maptium platform offering with further content and analysis for the energy transition. Maptium provides a secure web-based gateway to Getech’s world-class data and analytics content. It allows users to visualise and analyse energy and mineral resources information, maximising the value…