SYDNEY, AUSTRALIA: Stealth Global Holdings is expanding its Australian retail footprint, buying power, and market position, through the acquisition of United Tools Limited (UTL) for $24,000 cash plus a deferred market subsidy of $1.25 million over two years. United Tools is one of Australia’s largest buying & distribution co-operatives of independent retailers, selling tools, industrial…
What Retirement Means And Why You Should Prepare For It
The world is advancing technologically at a rate that is hard to keep up with, and oftentimes it can be difficult to determine what the consequences of these advancements will be. In terms of retirement, much ado has been made about when exactly people should stop working. Some claim that this nation’s citizens are retiring…
Twitter buys minority stake in Aleph
NEW YORK: Twitter Inc. has acquired a minority stake in Aleph Group Inc. Aleph did not reveal any financial terms of the investment but said Twitter’s stake buy would help the company expand its educational tech platform. Emerging markets-focused Aleph, which helps large digital platforms connect with advertisers and customers, counts Meta Platforms Inc (FB.O) Spotify…
Alstom to deliver 200 trains in Norway for €1.8 billion
PARIS, FRANCE: Alstom has signed a framework contract with Norske Tog (NT) for the provision of up to 200 Coradia Nordic regional trains. Valued at over €1.8 billion, the contract constitutes the most significant rail procurement in Norway’s history. The first firm order of 30 trains is worth €380 million. Delivery of Norske Tog’s new…
Senior plc announces new supply contracts with Honda
LONDON, UK: Senior plc, an international manufacturer of high technology components and systems, announced that Senior Flexonics has been awarded new contracts to supply Honda with exhaust flexible connectors for the automotive manufacturer’s 1.5L and 2.0L gasoline engines. Honda has been a pioneer in developing high-power, fuel-efficient gasoline engines that combine high performance whilst meeting…
Celerum launches AI based Truck Logistics System
LONDON, UK: Celerum Limited, a portfolio company of Frontier IP Group, has launched its first commercially available product based on its novel Nature Inspired Computing (NIC) artificial intelligence to improve the efficiency of supply chains and logistics. The company’s Truck Logistics System has also won its first customer. Truck Logistics System is aimed at companies…
NOVATEK and Zhejiang Energy sign LNG supply agreement
MOSCOW: NOVATEK Gas & Power Asia and Zhejiang Energy Gas Group, a subsidiary of the Zhejiang Provincial Energy Group, signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced from the Arctic LNG 2 project. The SPA follows on from the Heads of Agreement signed by parties on 2 June 2021 during…
Establishment of anode materials production facility in GigaVaasa
LONDON, UK: Beowulf Mining’s Finnish subsidiary Grafintec Oy and Epsilon Advanced Materials Private Limited have signed a Memorandum of Understanding (MoU) with the City of Vaasa for the establishment of an anode materials production facility to be located in the GigaVaasa area, Plot 18, situated in proximity to Freyr Battery’s proposed battery cell development. The…
MPC Energy achieves financial close of 21.07MWp solar plant
OSLO, NORWAY: MPC Energy Solutions has achieved the financial close of its Santa Rosa & Villa Sol solar photovoltaic (PV) plants in El Salvador, which have a combined capacity of 21.07 MWp. The financial close with local lender Banco Agrícola, a subsidiary of Bancolombia, also marks the successful conclusion of the engineering phase. Enerland Group,…
Plastic Energy & TotalEnergies sign advanced recycling project in Spain
PARIS, FRANCE: Plastic Energy and TotalEnergies will promote the development of advanced plastic recycling in Spain. Under this agreement, Plastic Energy plans to build a second advanced recycling plant in Sevilla, Spain, in addition to their existing operational plant, which will transform end-of-life plastic waste into a recycled feedstock called TACOIL using Plastic Energy’s patented…
Midwich Group acquires 65% stake in Cooper Projects for £15mn
LONDON, UK: Midwich Group, a global specialist audio visual distributor to the trade market, has acquired a controlling stake in Cooper Projects Limited, the parent company of DVS Limited, a UK based distributor of video security products. Midwich has acquired 65% of the Company’s share capital for an initial cash consideration of £8.6 million, followed by…
Content creation company Vitec Group to acquire Audix LLC
LONDON, UK: The Vitec Group, the international provider of premium branded hardware products and software solutions to the growing content creation market, has agreed to acquire Audix LLC for up to $54.3 million in cash. Completion is expected shortly. Audix designs, engineers and manufactures high performing, innovative microphones for the professional audio industry from its…