LONDON, UK: DeepMatter Group (AIM: DMTR), the international digital chemistry data company, has signed a licensing and collaboration agreement with Standigm Inc., a leading workflow artificial intelligence (AI) drug discovery company, based in South Korea with an increasing international footprint. The first stage of the agreement is expected to generate revenues of £233,000. The Group…
ACCIONA to deploy first hybrid fuel cell system in Spain
LONDON, UK: AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, provides an update on the status of the Company’s fuel cell field deployment in Spain with partner, ACCIONA. ACCIONA is one of the world’s leading construction contractors with a large portfolio of renewable energy projects worldwide. In 2020, ACCIONA and AFC…
FD Technologies partners Microsoft to expand streaming data analytics platform
LONDON, UK: FD Technologies (AIM: FDP.L) has entered into a strategic partnership agreement with Microsoft to expand the reach of its KX Insights streaming data analytics platform as more organisations look to modernise their data infrastructure for real-time decision making. Firstly, KX Insights will be embedded natively on the Microsoft Azure platform as a first…
More Acquisitions Plc to float on the Main Market of London Stock Exchange
LONDON, UK: More Acquisitions Plc, a new type of special purpose acquisition company, announced its intention to apply for admission of its shares to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. Rod McIllree, Director of More, commented: “More represents…
Lords Group acquires builders’ merchant AWLC Limited for £23.1mn
LONDON, UK: Lords Group Trading, a leading distributor of building materials in the UK, has acquired the business and assets of a leading local independent builders’ merchant, A.W. Lumb through the acquisition of the entire issued share capital of AWLC Limited for a total consideration of £23.1 million. The acquisition is in line with Lords’…
Braemar sells its logistics division, Cory Brothers to Vertom Cory Holdings
LONDON, UK: Braemar Shipping Services has completed the planned disposal of its Logistics Division, Cory Brothers to Vertom Cory Holdings Ltd for a total of between £10.25m and £15.5m spread over three earnout periods ending on 31 December 2024. The all-cash consideration comprises initial cash proceeds of £6.5 million, together with three further payments based…
K3 Capital Group has acquired JE Consulting
LONDON, UK: K3 Capital Group, a multi-disciplinary professional services firm providing advisory services to SMEs, announced the acquisition of Professional Insight Marketing Ltd which trades as JE Consulting. JE Consulting is a full service marketing agency specialising in digital and creative services to SMEs operating in the accountancy, legal and healthcare markets. Established in 1998…
CapVest tables improved proposal to acquire Virtus Health
SYDNEY, AUSTRALIA: Virtus Health Limited (ASX: VRT) has received a revised non-binding, conditional and indicative proposal from CapVest Partners LLP to acquire all of Virtus’ shares by way of scheme of arrangement offering $7.80 cash per share. CapVest has also indicated it is willing to proceed with an alternative structure which only requires acceptance by…
PNX Metals to divest Moline Project for up to $3 million
SYDNEY, AUSTRALIA: PNX Metals Limited (ASX: PNX) has agreed to divest the Moline project in the Northern Territory to Sovereign Metallurgical Pty Ltd for a total consideration of up to $3.0 million, plus refund the existing tenement bond of approximately $300,000. The Moline project is located approximately 65km east of the Company’s Fountain Head and…
NORBIT to acquire international maritime technology company for $3.6mn
TRONDHEIM, NORWAY: NORBIT ASA is in exclusive negotiations regarding an add-on acquisition of an undisclosed international maritime technology company. The acquisition will broaden the product offering in the Oceans segment. NORBIT has signed a term sheet to this effect. “With the target company having developed a proprietary sonar technology, complementary to NORBIT’s current portfolio, this…
Shelf Drilling awarded new contract in Nigeria
DUBAI, UAE: Shelf Drilling Ltd. has secured a new contract award for the Shelf Drilling Mentor jack-up rig for operations offshore Nigeria. The contract has an estimated duration of 225 days with an option for additional wells. The contract is expected to commence in Q2 2022. Shelf Drilling is a leading international shallow water offshore…
Michelle Hinchliffe joins Macquarie Group and Macquarie Bank Boards
SYDNEY, AUSTRALIA: Macquarie Group and Macquarie Bank Chairman, Peter Warne, announced the appointment of Michelle Hinchliffe to the Macquarie Group Limited (ASX: MQG) and Macquarie Bank Limited (ASX: MBL) Boards as an independent director. She has also become a member of Macquarie’s Board Audit, Board Risk and Board Nominating Committees. Ms Hinchliffe has extensive experience…