LONDON, UK: Hg, the Manager of HgCapital Trust plc (“HGT”), today announces a further investment in team.blue, a leading digital enabler for companies and entrepreneurs across Europe. The terms of the transaction have not been disclosed and completion is subject to closing conditions. As a result of the transaction, HGT will make a net investment…
discoverIE Group announces the acquisition of the CDT Group
LONDON, UK: discoverIE Group plc (LSE: DSCV), a leading international designer and manufacturer of customised electronics for industrial applications, announced the acquisition of the CDT Group. CDT Group, which is a designer and manufacturer of customised plastic enclosures for circuit boards, membrane keypads and associated electronics components, has been acquired for a total cash consideration…
Croma Locksmiths acquires Southern Stronghold Limited
LONDON, UK: Croma Security Solutions Group (AIM:CSSG) announced that its wholly owned subsidiary, Croma Locksmiths and Security Solutions Limited, has acquired Southern Stronghold Limited for a consideration of £0.96 million. Croma Locksmiths has acquired the entire issued share capital of Stronghold from its family owned parent company, Stronghold Trading Group Limited for a consideration of…
Coats Group to acquire Texon International at an enterprise value of $237mn
LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Texon International Group Limited, a leading footwear solutions provider, for an enterprise value of $237 million. The acquisition is expected to complete in July, a bourse filing said. Texon, a company with operations in Asia…
Elixir Energy executes hydrogen MOU with SB Energy
SYDNEY, AUSTRALIA: Elixir Energy Limited entered into a Memorandum of Understanding (MOU) with SB Energy Corp (SBE) over a green hydrogen project in Mongolia. The MOU provides a two-year framework (terminable with thirty days notice) under which the two parties will work together to progress the Gobi H2 project. Each party will provide expertise in…
Scana delivers mobile battery solutions to Germany
BERGEN, NORWAY: Scana-owned PSW Power & Automation has signed a contract with Zeppelin Rental GmbH in Germany for the delivery of multiple mobile battery systems. The mobile battery solution can replace or optimize the operation of traditional diesel generators and will be a significant contributor to the environmental decarbonization. This is a sizeable contract for…
Aldar & SODIC bid to acquire Egyptian real estate developer, Madinet Nasr
ABU DHABI, UAE: Aldar Properties and ADQ, through their Egyptian real estate platform, Sixth of October for Development and Investment Company S.A.E. (‘SODIC’), has submitted a non-binding offer for the potential acquisition of up to 100% of the share capital of Madinet Nasr Housing & Development, valuing the company at EGP 6.18 billion (USD 328…
Aalberts N.V. agrees to acquire KML in Austria
UTRECHT, NEDERLAND: Aalberts N.V. has reached an agreement to acquire 100% of the shares of KML Linear Motion Technology GmbH and KML Precision Machining GmbH (KML) based in Vienna (Austria), generating an annual revenue of approximately EUR 35 million with 120 employees. KML provides cutting-edge mechatronic solutions performing linear and rotative high-speed movements in complex…
Elop AS to acquire Nordic Infrastructure Group at enterprise value of NOK 92mn
OSLO, NORWAY: Elop AS and Nordic Infrastructure Group AS (N.I Group) have agreed the principal terms of an agreement where Elop is to acquire 100 percent of the shares in N.I Group. Elop and N.I GROUP have agreed to the principal terms of an agreement where Elop will take over all of the shares in…
KONGSBERG to acquire satellite manufacturer NanoAvionics
OSLO, NORWAY: Kongsberg Defence & Aerospace has entered into an agreement to acquire Lithuanian smallsat mission integrator and bus manufacturer NanoAvionics. The planned acquisition expands KONGSBERG’s space offering to also have products and technology for manufacturing small satellites, a bourse filing noted. NanoAvionics is a leading smallsat mission integrator and bus manufacturer with significant global…
Huddlestock Fintech acquires Trac Services and Tracs Technology
OSLO, NORWAY: Huddlestock Fintech AS, a provider of innovative technology solutions to the capital markets, treasury, and wealth management industries, announced that a final and binding agreement to acquire 100% of the shares of Trac Services AS and Tracs Technology AS, as well as their regulatory licenses, has been signed. The highly complementary acquisition adds…
SensOre Ltd to acquire Intrepid Geophysics for $5.0 million
SYDNEY, AUSTRALIA: SensOre Ltd (ASX: S3N) has reached an agreement to acquire Intrepid Geophysics, a leading provider of geophysics software and services headquartered in Melbourne, Australia with distributors and resellers globally. The deal will be primarily funded through the issue of new fully paid ordinary SensOre shares. Intrepid Geophysics’ advanced automated geophysical software and geoscience…