LONDON, UK: AMTE Power Plc, one of the UK’s largest commercial battery cell manufacturers, has signed a memorandum of understanding (MoU) with MAHLE Powertrain (MPT), the Engineering Services subsidiary of MAHLE Group. The non-binding MoU lays the foundation for the supply of AMTE’s Ultra High Power (“UHP”) cells to support the development of next generation…
ANZ confirms MYOB acquisition discussions with KKR
LONDON, UK: Australia & New Zealand Banking Group (ANZ) has confirmed it is in discussions with Kohlberg Kravis Roberts & Co. (KKR) about a potential acquisition of MYOB. ANZ and KKR are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed. MYOB is one of Australia’s leading…
Computacenter Plc acquired US-based BITS
LONDON, UK: Computacenter Plc has acquired one of the fastest-growing Value-Added Resellers in the United States, Business IT Source (BITS). BITS employs around 100 people and has a HQ and Integration Center in Buffalo Grove, Illinois, approx, 45 mins from downtown Chicago. BITS reported revenue in 2021 of approx. USD 245m with EBIT of approx….
What Do Startups Need In Order To Survive Their First Two Years?
There are a number of things that startups need in order to survive their first two years. One of the most important things is a strong business model. This means having a clear understanding of how the business will make money and what its key revenue streams will be. Without a solid business model, it…
Cokal Limited appoints Karan Bangur as new Chief Executive Officer
SYDNEY, AUSTRALIA: Cokal Limited (ASX: CKA) announced the appointment of Karan Bangur as Chief Executive Officer (CEO). Karan Bangur was appointed a Director of the Cokal Ltd on 10 April 2019 and retains this Directorship in addition to this new appointment as CEO. Mr Bangur has over a decade of experience in operating mining and…
Pension Insurance Corporation appoints David Weymouth as Chairman
LONDON, UK: Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, announced that David Weymouth has been appointed Chairman of its Board, as well as Chairman of the Board of PIC’s parent company, Pension Insurance Corporation Group Limited (PICG). He will join the Pension Insurance Corporation (PIC) and Pension Insurance Corporation Group…
Widerøe and Norwegian signs Letter of Intent for comprehensive co-operation
OSLO, NORWAY: Widerøe AS and Norwegian Air shuttle ASA have signed a Letter of Intent (LOI) to engage and develop a broad strategic co-operation framework which includes joint ticket and passenger interlining. The agreement, a result of several months of dialogue between the parties, also sets out the joint aim to create synergies relating to…
John Bailey appointed CEO of Dewhurst Group
LONDON, UK: Dewhurst Group plc (AIM: DWHT) announced the appointment of John Bailey as Chief Executive Officer effective 1 October 2022. Dewhurst Group is the global manufacturer and supplier of quality components to the lift, transport and keypad industries. John Bailey is an existing Board member of the Company and Managing Director of the Company’s…
Anglo Pacific Group announces $185mn royalty portfolio acquisition from South32
LONDON, UK: Anglo Pacific Group has agreed to acquire a high-quality portfolio of royalties over advanced development stage copper and nickel projects from South32 Royalty Investments Pty Ltd for a fixed consideration of US$185 million with further contingent consideration of up to US$15 million. The transaction further reinforces Anglo Pacific’s position as the leading royalty…
Foresight Group to acquire Australia-based Infrastructure Capital for A$100mn
LONDON, UK: Foresight Group, a leading infrastructure and private equity manager, announced the proposed acquisition of Infrastructure Capital, an established, specialist infrastructure manager in the Australian market, a statement noted. Infrastructure Capital is currently owned by Log Creek (63.3%), other non-management shareholders (3.8%) and management (32.9%). Infrastructure Capital Group Infrastructure Capital offers investment management and…
United Utilities Group to sell its renewable energy business to SEEIT for $100mn
LONDON, UK: United Utilities Group has agreed to sell its non-appointed renewable energy business, United Utilities Renewable Energy Limited (UURE), a bourse filing said. UURE is being sold to SDCL Energy Efficiency Income Trust plc (SEEIT) for approximately £100 million enterprise value. United Utilities has developed a portfolio of solar, wind and hydro renewable assets…
Balfour Beatty announces sale of 67% interest in Purdue University asset
LONDON, UK: Balfour Beatty, the international infrastructure group, announced the sale of its 67% interest in Aspire at Discovery Park, the on-campus student accommodation at Purdue University in West Lafayette, Indiana. Purdue Research Foundation, which is acquiring the entire property, is acquiring Balfour Beatty’s full 67% interest. The transaction, which is subject to contractual conditions,…