PARIS, FRANCE: VINCI Construction has signed an agreement to acquire the construction companies of the family-run Northern Group of Companies. These companies operate in roadworks, asphalt mixes and aggregates production in the provinces of New Brunswick and Nova Scotia, on Canada’s eastern coast. They have around 500 employees at peak season and generated C$93 million…
Americo Lemos appointed CEO at IQE Plc
LONDON, UK: IQE plc (LON: IQE), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announced the appointment of Americo Lemos as Chief Executive Officer (CEO), starting on 10 January 2022. The Board’s decision to appoint Americo Lemos follows an extensive and rigorous search process led by…
BHP and Woodside Petroleum agree to merger
LONDON, UK: BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have today signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside. Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares. The signing of the…
Nightcap Plc acquires Barrio Familia for £4.935 million
LONDON, UK: Nightcap Plc (LON: NGHT) has acquired the entire issued share capital of Barrio Familia Ltd and its subsidiaries, a news release noted. As a result of the Acquisition, the board of Nightcap expects that the Group’s results for the 53 weeks ending 3 July 2022 will be significantly ahead of current market expectations….
Zenith acquires Canadian North Africa Oil & Gas Ltd. for $1.65mn
LONDON, UK: Zenith Energy (LON: ZEN) announced that Zenith Overseas Assets Holdings, its fully owned subsidiary, has entered into a share purchase agreement for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia)…
Thuraya enters broadband products distribution deal with SATCOM
ABU DHABI, UAE: Thuraya Telecommunications Company has entered into a long-term agreement with Cobham SATCOM, for the distribution of next generation broadband products for land, aeronautical and maritime users. Thuraya is a subsidiary of Yashat. This agreement further builds on Yahsat’s existing partnership with Cobham and marks an important milestone in the roll out of…
ADNOC Distribution launches next generation retail experience
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel convenience retailer, is the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less ADNOC Oasis store. It offers new, state-of-the-art cashless and contactless payment system and an AI technology enhanced shopping environment. Busy customers…
Technip & Svante to develop carbon capture projects in Europe, Middle-East
PARIS, FRANCE: Technip Energies (PARIS:TE) and Svante have entered into a Memorandum of Understanding (MoU) to further develop Svante’s solid sorbent carbon capture technology and provide integrated solutions from concept to project delivery, a news release said. The partnership will explore opportunities in Europe, Middle-East and Africa (EMEA) and Russian Federation markets where Svante’s technology…
Ericsson to acquire Vonage Holdings Corp. for $6.2 billion
HELSINKI, FINLAND: Ericsson (NASDAQ: ERIC) has entered into an agreement to acquire Vonage Holdings Corp. (NASDAQ: VG) for $21/share representing a total acquisition price of approximately $6.2 billion (Enterprise Value). The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering…
Telenor and C.P. Group agree on creation of a new telecom-tech company
OSLO, NORWY: Telenor and C.P. Group have agreed to explore the creation of a new company comprising of dtac and True in Thailand. The transaction will create a company with around 55 mill customers and pro-forma revenues of around USD 6.9 bn in 2020. Telenor believes there will be significant opportunities in Asia coming from…
HITIQ Limited confirms strategic acquisition of CSX Limited
SYDNEY, AUSTRALIA: HITIQ Limited (ASX: HIQ) has entered into a Share Purchase Agreement to acquire all of the issued shares in CSX Limited (CSX). Acquisition price is A$0.857 million cash, with a further A$0.250 million cash to be paid within 18 months of acquisition based on agreed KPI’s. CSX Limited is a New Zealand based…
Refining NZ turns into fuel import infrastructure company
WELLINGTON: Refining NZ has reached a key milestone in the transition to a fuel import terminal as part of its strategic vision to be New Zealand’s leading fuel infrastructure company. Naomi James, CEO, said “Today is a momentous day in the journey to transition our business from operating as a refinery to an import-only fuel…