LONDON, UK: Vulcan Industries plc (AQSE: VULC) has disposed of the entire share capital of M&G Olympic Products Ltd (MGO) to OJT11 LTD. M&G Olympic Products Ltd (MGO) specialises in the design, manufacture, and installation of custom-built architectural metalwork. Since its acquisition in 2019, MGO has sought to evolve its quality fabrication activities in turnkey…
Agility Public Warehousing Company to acquire Menzies plc for £571mn
LONDON, UK: GIL International Holdings V Limited, a wholly-owned subsidiary of Agility Public Warehousing Company, has made a recommended cash offer to acquire Menzies plc at the rate of 608 pence in cash per Menzies share. The acquisition values the entire issued and to be issued ordinary share capital of Menzies at approximately £571 million…
Ebiquity acquires US-focused media audit specialist,Media Management LLC
LONDON, UK: Ebiquity plc, a world leader in media investment analysis, announced the proposed acquisition of Media Management LLC (MML), a US-focused media audit specialist, for an initial consideration of £6.1 million with a deferred consideration element payable in 2025. Ebiquity Inc., US subsidiary of Ebiquity plc, will acquire MML. Media Management LLC (MML) is…
Aker Solutions acquires Norwegian hydropower company, Rainpower
OSLO, NORWAY: Aker Solutions has agreed to acquire Rainpower Holding AS, a leading technology provider to the hydropower industry. The transaction is expected to be completed during the second quarter of 2022. The purchase price is about NOK 100 million, with an additional discretionary element which may bring the purchase price to NOK 150 million….
Aker Horizons to merge with Aker Offshore Wind and Aker Clean Hydrogen
OSLO, NORWAY: Aker Horizons ASA announced merger plans with Aker Offshore Wind AS and Aker Clean Hydrogen AS. Aker Horizons and Aker Offshore Wind (AOW) to combine in an all-stock merger that will reposition AOW as a privately held subsidiary of Aker Horizons, with the intention to combine AOW with its portfolio company Mainstream Renewable…
SHUAA Capital acquires Allianz Marine and Logistics Services Holding
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced the acquisition of Allianz Marine and Logistics Services Holding Limited by its managed funds. The transaction is one of the largest M&A deal in the maritime offshore sector in the Middle East in recent years…
Quadpack investing in German manufacturing facilities to meet increased demand
PARIS, FRANCE: International beauty packaging manufacturer and provider Quadpack is investing over €6 million at its German manufacturing facilities in Kierspe, to meet increased market demand. The investment will go towards the creation of a decoration centre and the expansion of its injection-moulding and assembly capacity. Already a reference in thick-walled PET injection, Quadpack aims…
Stora Enso initiates process to divest four paper production sites
HELSINKI, FINLAND: Stora Enso has initiated a sales process for a possible divestment of four paper production sites. In line with Stora Enso’s strategy, paper is not a strategic growth area for the Group. The divestment intent is aligned with the Group’s strategy to focus on long-term growth potential for its renewable products in packaging,…
Canopy Holdings Group CEO Bent Grøver to leave the company
OSLO, NORWAY: Canopy Holdings AS announced that Group CEO Bent Grøver will leave the Company on 1 April 2022, a bourse filing said on Tuesday. Bent Grøver assumed the role of Group CEO on 22 February 2021. Prior to this he served for several years as Chair and member of the Board of Directors of…
Strategic investment to launch 888 brand in Africa
LONDON, UK: 888 Holdings (LSE:888), one of the world’s leading online betting and gaming companies, has signed an agreement with five industry veterans to form a new joint venture (888AFRICA), that will operate 888 brands in online betting and gaming markets across selected regulated markets in Africa. 888 has invested in a minority stake in…
Savannah Energy to build Africa’s largest wind farm in Niger
LONDON, UK: Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter in Africa, announced its inaugural renewable energy project, having signed an agreement with the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger for the construction and operation of the country’s first wind farm, with…
nDreams receives significant new third-party investment
LONDON, UK: Mercia Asset Management PLC (AIM: MERC) announced completion of a £20.1million third-party investment round into nDreams Limited, currently the Group’s largest direct investment by fair value. The investment comes from Aonic AB, a Stockholm-based video game investor. Aonic champions high-potential game studios by supporting them with the specialist technology and infrastructure needed to…