LONDON: CapAI plc (LSE: CPAI) announced Tuesday that it has entered into a strategic alliance agreement with U.S.-based venture capital firm R42 Group, Inc., in a move aimed at expanding early-stage artificial intelligence (AI) development opportunities. The AI alliance, effective June 1, strengthens CapAI’s three-pillar operating strategy of identifying, incubating, and inventing AI innovations. Under the agreement,…
Indonesia launches $167 million National Maritime Security System Project
JAKARTA: The Indonesian Coast Guard (Bakamla) has officially launched its National Maritime Security System (NMSS) project, a €167 million initiative in partnership with SRT Marine Systems plc, the company announced Tuesday. The project, which is set to unfold over two years, aims to enhance Indonesia’s maritime surveillance, command, control and communication capabilities. The system will…
Serco completes acquisition of Northrop Grumman’s MT&S Business
WASHINGTON: Serco Inc., the U.S. subsidiary of Serco Group, has finalized its acquisition of Northrop Grumman’s Mission Training and Satellite Ground Network Communications Software (MT&S) business following regulatory approvals, the company announced Tuesday. MT&S provides advanced mission training services and satellite ground network efficiency solutions for the U.S. military. The acquisition is expected to generate…
Defence Holdings PLC unveils 5-year strategic plan focused on emerging security technologies
LONDON: Defence Holdings PLC, trading as Defence Technologies, announced the release of its Five-Year Strategic Plan, outlining its strategy to expand in drone warfare, artificial intelligence, information operations and critical infrastructure defense to meet Europe’s evolving security needs. The company cited strong retail investor interest in its plans and emphasized a commitment to transparency as…
Elementis Plc announced sale of Talc business to IMI Fabi S.p.A
LONDON: Elementis plc, a global specialty chemicals company, today announced that it has simultaneously signed and completed the sale of its Talc business to IMI Fabi S.p.A, a global talc manufacturer, for an enterprise value of $121 million, with net cash proceeds after transaction costs in the region of $55 million. The Transaction follows the…
HGGC in talks for possible £0.81 per share acquisition offer for Inspired Plc
LONDON: Private equity firm HGGC, LLC confirmed Tuesday that it is in advanced discussions with Inspired Plc over a possible cash offer of 81 pence per share, a bid that could result in a full acquisition of the company. HGGC, the third party referenced in Inspired’s May 21 response to an unsolicited offer from Regent…
M&C Saatchi to acquire Dune 23 Sport & Entertainment Sports Events Marketing
LONDON: M&C Saatchi announced the signing of an agreement to acquire Dune 23 Sport & Entertainment Sports Events Marketing Co. L.L.C. (Dune 23). Dune 23 is an award-winning sports agency in Dubai and Abu Dhabi which, as a strategic bolt on acquisition, will integrate with our fast-growing UAE business and further enhance its leading sport…
Assetora launches Australian Homeowner Equity Fund for wholesale investors
SYDNEY: Assetora Limited (ASX:AOH) announced the launch of the Australian Homeowner Equity Fund, a new investment vehicle aimed at helping Australians enter the property market while offering wholesale investors access to a diversified residential property portfolio. The fund, which follows a successful two-year pilot with AMP Bank, allows investors to contribute up to 20% of…
Atturra has acquired DalRae Solutions for $20 million
SYDNEY: Atturra Limited, a leading Australian technology services provider, announced plans to acquire DalRae Solutions, a premier SAP consultancy, in a deal worth up to $20 million. The acquisition aims to strengthen Atturra’s expertise in SAP’s Business Technology Platform (BTP), S/4HANA, and clean core methodologies. Under the terms of the agreement, Atturra will pay $4.8…
Teaminvest terminates acquisition of Enva due to unmet conditions
SYDNEY: Teaminvest Private Group Limited (ASX:TIP) announced Tuesday the termination of its agreement to acquire Enva Australia Pty Ltd and Enva Holdings Pty Limited, citing unresolved conditions for the deal. The company initially disclosed the conditional acquisition on March 6, 2023, but said ongoing delays in meeting prerequisites led to the decision. A deed of…
Turkcell secures $150 million murabaha financing from Dubai Islamic Bank
ISTANBUL: Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye’s leading technology and communications company, has obtained $150 million in Murabaha financing from Dubai Islamic Bank PJSC, a prominent financial institution in the Gulf region. The funding will support Turkcell’s infrastructure investments and long-term growth strategy. Turkcell Chief Executive Officer Dr. Ali Taha Koç said the company remains committed to…
Elders Limited reports strong half-year earnings amid market recovery
ADELAIDE: Agribusiness giant Elders Ltd. (ASX:ELD) posted a robust financial performance for the first half of fiscal 2025, driven by a recovery in the livestock market and growth in its real estate segment, the company reported Monday. Managing Director and Chief Executive Officer Mark Allison, alongside Chief Financial Officer Paul Rossiter, presented the results in…