LONDON, UK: Hydrogen Utopia International (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, has agreed heads of terms (HoTs) with Powerhouse Energy Group (AIM:PHE) for the joint development of a facility at a site at in Konin within the Wielkopolska (Greater Poland) Voivodeship. The joint venture relates to the site currently held by…
SiteMinder to acquire GuestJoy for upto €5.0 million
SYDNEY, AUSTRALIA: SiteMinder Limited (ASX:SDR) has signed a Share Purchase Agreement to acquire GuestJoy, a highly rated suite of customer relationship management tools that helps hoteliers automate and digitise their guest communication, drive upsell revenues, and strengthen direct guest acquisition. Founded by Alar Ülem and Annika Ülem in 2014, GuestJoy has gained a strong reputation…
Austin Engineering to acquire Australian mining equipment manufacturer, Mainetec
SYDNEY, AUSTRALIA: Austin Engineering Limited (ASX: ANG) has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec Pty Ltd, for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years following completion. The acquisition will give Austin Engineering access…
Brigham Minerals acquires assets in Midland Basin for $132.5mn
AUSTIN, TEXAS: Brigham Minerals Inc. (NYSE: MNRL) has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests in the Midland Basin from royalty funds managed by Avant Natural Resources, LLC and its affiliates for approximately $132.5 million in cash subject to certain closing adjustments. MIDLAND ACQUISITION CONTINUES PERMIAN CONSOLIDATION AND…
Tim Dobson appointed CEO of Magnetite Mines Limited
SYDNEY AUSTRALIA: Magnetite Mines Limited announced the appointment of Mr Tim Dobson as Chief Executive Officer, effective from 23rd August 2022, completing a process announced on 19th April this year. Mr Stephen Weir, who has been Acting Chief Executive Officer since April, will resume his role as Chief Development Officer. Mr Dobson is a highly-accomplished…
Susan Peterson to join Mercury NZ Limited Board
AUCKLAND, NZ: Experienced director and business leader Susan Peterson has been appointed to the Mercury NZ Limited board effective 1 September 2022. Susan Peterson is currently the Chair of Vista Group, and is an Independent Director of Xero, Arvida and Craigs Investment Partners. She is also a Trustee on the Board of Global Women. Mercury…
Summerset Group three properties in Australia and New Zealand
AUCKLAND, NZ: Summerset Group announced the purchase of two new properties in New Zealand and one in Australia. The New Zealand acquisitions are in Masterton (Wairarapa) and Rotorua (Bay of Plenty), while the Australian purchase is in Mernda (Victoria). The announcement comes as the company released its half-year result showing an underlying profit of $82.5…
TotalEnergies and Eni announce significant gas discovery offshore Cyprus
PARIS, FRANCE: TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall…
valU acquires fintech company Paynas
CAIRO, EGYPT: valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of International Cooperation The acquisition builds on…
Crayon signs multimillion managed service deal with Germany-based automotive supplier
OSLO, NORWAY: Crayon Group Holding ASA (OSE: CRAYN) has signed a multimillion managed service agreement with a Germany-based, global automotive supplier. Crayon will provide software asset management, FinOps, and technology-related strategic advisory services over a three-year period. “Our DNA of optimizing software and cloud investments continues to be a key strategic priority for our customers,”…
DNO ASA buys Mondoil Enterprises from RAK Petroleum for $117.25mn
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, entered into a transaction agreement pursuant to which RAK Petroleum plc will transfer its ownership of Mondoil Enterprises LLC to DNO. The all-share transaction comprises Mondoil Enterprises’ 33.33 percent indirect interest in privately-held Foxtrot International LDC whose principal assets are operated stakes in offshore production…
PWR Holdings has acquired UK based Docking Engineering
SYDNEY, AUSTRALIA: PWR Holdings Limited (ASX: PWH) announced acquisition of the UK based business, Docking Engineering, which was concluded on 19 August 2022. Operating out of Silverstone, UK, close to PWR Europe’s offices, Docking Engineering is a leading supplier of racing radiators, oil coolers, charge air coolers and motorsport fabrications. Docking fabrications can be found…