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…
Dacian Gold Limited and Genesis Minerals Limited to merge
SYDNEY, AUSTRALIA: Dacian Gold Limited announced the proposed merger of Dacian and GenesisMinerals Limited by way of a unanimously recommended off-market takeover bid by Genesis for allof the fully paid ordinary shares in Dacian (Dacian Shares) (Offer). Under the Offer, subject to the satisfaction or waiver of the conditions set out in Annexure A to…
ARB Corporation appoints Lachlan McCann as CEO
SYDNEY, AUSTRALIA: The Board of ARB Corporation Limited announced the appointment of Mr Lachlan McCann as Chief Executive Officer of ARB, effective immediately. Mr McCann is a long-time employee of ARB, commencing with the Company in 2001. He has provided consistently strong leadership in various roles across ARB’s global operations including as Managing Director of…
AstraZeneca to acquire TeneoTwo Inc for $100 million
LONDON, UK: AstraZeneca has signed agreement to acquire TeneoTwo Inc., including its Phase I clinical-stage CD19/CD3 T-cell engager, TNB-486, currently under evaluation in relapsed and refractory B-cell non-Hodgkin lymphoma. AstraZeneca will acquire all outstanding equity of TeneoTwo in exchange for an upfront payment of $100m on deal closing, a statement noted. The acquisition of TNB-486…