LONDON, UK: Hill & Smith Holdings, the international group creating sustainable infrastructure and safe transport through innovation, has exercised its previously announced put option and has now entered into a binding share purchase agreement with a consortium comprising ZINQ France SAS and Sofigalva SAS in relation to the sale of its French galvanizing and steel…
Santos has acquired Hunter Gas Pipeline
SYDNEY, AUSTRALIA: Santos has acquired Hunter Gas Pipeline Pty Ltd which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in New South Wales. The underground pipeline route passes close to Santos’ Narrabri Gas Project and our goal is to work with infrastructure developers and owners to construct the pipeline and…
Vysarn Limited signs deal to acquire Project Engineering (ProEng)
SYDNEY, AUSTRALIA: Vysarn Limited (ASX:VYS) has entered into a binding Share Sale Agreement (SSA) for the acquisition of Project Engineering (WA) Pty Ltd (ProEng). Under the SSA, Vysarn will acquire 100% of the issued shares in ProEng for a consideration of $2.60 million in cash. The purchase price assumes that ProEng is acquired debt free….
Freightlancer and Loadshift merge
SYDNEY, AUSTRALIA: Freelancer Limited (ASX: FLN), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, announced the merger of its freight divisions, Frieghtlancer and Loadshift. Both platforms will merge under the Loadshift banner, forming Australia’s largest transport marketplace which has delivered over 125 million kilometres of freight across Australia in…
BIC acquires Advanced Magnetic Interaction
CLICHY, FRANCE: BIC has signed an agreement to acquire the share capital of AMI (Advanced Magnetic Interaction), a small French company specializing in augmented interaction technology and the creator of the ISKN Repaper digital tablet, which allows users to capture paper writing and drawing in an electronic format. The completion of the acquisition is contingent…
Coats Group to acquire of Rhenoflex GmbH for €115 million
LONDON, UK: Coats Group, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Rhenoflex GmbH, one of the leading global manufacturers of sustainable structural material solutions for the footwear industry, for an enterprise value of €115 million (c.$117m). Following the recent acquisition of Texon, this represents a synergistic bolt-on…
Disc Medicine Inc to merge with Gemini Therapeutics
LONDON, UK: Disc Medicine Inc. has entered into a definitive agreement to merge with Gemini Therapeutics Inc. (Nasdaq: GMTX) in an all-stock transaction. Disc Medicine is a portfolio company of Arix Bioscience plc. The merger will create a Nasdaq-listed clinical-stage biopharmaceutical company. The combined company will focus on advancing Disc’s pipeline of haematology programmes, including…
Purchasing a Property Abroad for Your Business? Here’s What You Should Know
So, you’re thinking about purchasing a property abroad. It’s a big decision, and there’s a lot to think about before taking the plunge. There are many potential pitfalls when it comes to buying property in another country, so it’s important to do your research and seek professional advice before making any decisions. This article will…
TaxBit Network Enables Free Filing of Crypto Taxes for Member Firms
Software firm TaxBit based in Utah launched the TaxBit Network. Large crypto companies such as Gemini, Coinbase, and SuperRare, comprise TaxBit Network, which permits customers of affiliated companies to gain access at no charge with 2021 crypto tax forms. TaxBit CEO and co-founder Austin Woodward explained to CoinDesk that he plans to simplify the crypto…
Westminster Aviation Security Services awarded security training contract within the UK
LONDON, UK: Westminster Group, the AIM listed supplier of managed security services and technology-based security solutions to governments and government agencies, non-governmental organisations (NGOs) and blue-chip commercial organisations worldwide, announced that Westminster Aviation Security Services Ltd, Westminster Group’s aviation specialists have recently been awarded a contract for aviation security training contract within the UK. The…
RS Group agrees to acquire Mexico based Risoul for US$275 million in cash
LONDON, UK: RS Group signed an agreement to acquire Risoul y Cia, S.A. de C.V. (Risoul), a family-owned distributor of industrial and automation product and service solutions in Mexico, for a cash consideration of US$275 million. The consideration represents an acquisition multiple of c. 12x adjusted EBIT on a 12-month basis to 30 June 2022,…
Accenture has acquired YSC Consulting
LONDON, UK: Accenture (NYSE: ACN) has acquired YSC Consulting, a CEO advisory and leadership consultancy that helps organizations align leadership strategies with their business goals to achieve transformational change. The acquisition strengthens Accenture’s capabilities to advise the CEO, C-Suite, and Board with solutions to boost performance and build leadership teams for the future. Terms of…