ADELAIDE: Mayfield Group Holdings Limited (ASX: MYG) announced Monday it has agreed to acquire BE Switchcraft Pty Ltd, a South Australian electrical switchboard manufacturer, in a deal worth $7 million. The acquisition is expected to close by Aug. 30, pending standard conditions. The transaction includes $5 million in cash and $2 million in Mayfield shares….
Tasmea Limited to acquire Vertex Group, expanding electrification services
JANDAKOT: Tasmea Limited (ASX: TEA) announced Monday it has agreed to acquire Vertex Group, a specialist in high-voltage and portable power services, in a deal worth up to A$11.75 million ($7.8 million). The acquisition aims to strengthen Tasmea’s capabilities in the electrification industry. The purchase includes Vertex Power & Process Pty Ltd and VTX Group…
Babylon to acquire Blue Hire
HIGH WYCOMBE: Babylon Pump & Power Limited (ASX: BPP) announced Monday it has entered into a binding agreement to acquire 100% of Blue Hire, a Western Australia-based specialist in pump hire and hydrotesting solutions, as part of its strategy to expand its rental and technical water services platform. The acquisition, valued at an upfront EBITDA…
Apple shifts production: iPhone shipments from India to U.S. surge amid trade tensions
Apple’s shipments of iPhones from India to the U.S. surged 76% year-on-year in April, reaching around 3 million units, while shipments from China plummeted 76% to 900,000. According to Omdia, this shift reflects Apple’s aggressive adaptation to U.S. tariffs on Chinese goods. Research manager Le Xuan Chiew noted that Apple’s India expansion began during the…
Tungsten West plans to restart production at UK mine, aims to boost global supply
DEVON: Tungsten West plc (LON:TUN), a mining company focused on reviving the Hemerdon tungsten and tin mine in Devon, has finalized its development and economic plan to restart operations. The company announced the plan ahead of a full feasibility study, which is being prepared by AMC Consultants with support from industry experts. Key Project Highlights…
Wolters Kluwer Health acquires IntelliLearn to expand nursing education solutions
ADELAIDE: Wolters Kluwer Health has announced the acquisition of IntelliLearn Pty Ltd., an Australian-based provider of online healthcare training solutions for nursing schools in Australia and the U.S. The move strengthens Wolters Kluwer’s position in nursing education, integrating IntelliLearn’s offerings into its Health, Learning, Research & Practice (HLRP) division. According to a statement, IntelliLearn, founded in 2010…
DFI Retail Group divests shares in Robinsons Retail
LONDON: DFI Retail Group Holdings (DFI) announced the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. (“RRHI”), representing approximately 22.2% of RRHI’s outstanding shares. The transaction aligns with DFI’s strategic shift from a portfolio investor to a focused operating company, allowing the Group to divest minority holdings and reallocate capital toward subsidiary growth and higher…
Dai-ichi Life Holdings, M&G form strategic partnership with $6 billion investment target
LONDON: Dai-ichi Life Holdings, Inc. and British asset manager M&G plc announced a long-term strategic partnership Wednesday, combining asset management and life insurance expertise with plans for cross-border growth and a potential 15% stake acquisition by the Japanese insurer. Under the agreement, M&G will become Dai-ichi Life’s preferred European asset manager, with a target of…
AdvancedAdvT Limited acquires Goss Technology Group in £13.5 million deal
LONDON: AdvancedAdvT Limited (AIM: ADVT), an international software solutions provider, announced Tuesday the acquisition of Goss Technology Group Limited, a digital transformation specialist for the public sector, in a deal worth approximately £13.5 million. The total consideration includes £8.5 million in cash from existing resources and £5.0 million in AdvT ordinary shares. After accounting for…
Corporación América Airports acquires full ownership of Corporación América Italia
BUENOS AIRES: Corporación América Airports S.A. (NYSE: CAAP), one of the world’s largest private airport operators, announced Thursday it has acquired the remaining 25% stake in its Italian subsidiary, Corporación América Italia S.p.A. (CAI), from the Investment Corporation of Dubai (ICD). The transaction, completed through a share swap agreement, gives CAAP full ownership of CAI, which holds a 62.28%…
Sagtec to acquire Smart Bridge in $17.6 million deal, expanding AI capabilities
HONG KONG: Sagtec Global Limited (NASDAQ: SAGT), a leading provider of customizable software solutions, announced Thursday it has signed a term sheet to acquire Smart Bridge Technology Limited, a fast-growing agentic AI software company, for approximately $17.6 million. The proposed deal, priced at roughly 10 times Smart Bridge’s price-to-earnings ratio, is pending a definitive agreement…
JDC Power Systems appoints John Raio as CEO
CONCORD: JDC Power Systems, a leading electrical systems integrator for the data center market, announced Thursday the appointment of John Raio as CEO, effective immediately. Raio brings over 25 years of leadership experience in critical infrastructure, most recently serving as CEO and founding member of Quality Uptime Services, where he expanded the company into a national…