LONDON, UK: Ricardo plc, a world-class environmental, engineering, and strategic consulting company, has signed an agreement to acquire Inside Infrastructure, a privately held consultancy business based in Adelaide, Australia, for an undisclosed consideration. The agreement includes the acquisition of the entire business, operating assets, and employees, and will expand Ricardo’s environmental capabilities across Australia. Inside…
Eurazeo to sell its 47% stake in Reden Solar based on a €2.5bn Enterprise Value
PARIS, FRANCE: Eurazeo has reached an agreement with Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG, to sell its 47% stake in Reden Solar, a leading European independent solar power producer, based on a €2.5bn Enterprise Value. Reden Solar is active across eight countries, with more than 750…
Yahsat and EDGE partner to equip NIMR vehicles with Interoperable Satellite Connectivity Solutions
ABU DHABI, UAE: Al Yah Satellite Communications Company PJSC (Yahsat) announced that its government division, Yahsat Government Solutions (YGS), has agreed with EDGE Group entity, NIMR, a leading manufacturer of combat-proven wheeled military vehicles, to line-fit pre-qualified Comms-On-The-Move (COTM) solutions (Interoperable Satellite Connectivity Solutions) on NIMR’s vehicular systems. The agreement was announced at the World…
Tabreed launches green financing framework
ABU DHABI, UAE: National Central Cooling Company PJSC (DFM: Tabreed) has announced the publication of a Green Financing Framework, which will help the company meet its commitments and finance new projects to support its business strategy and vision. The framework enables Tabreed to issue green bonds and loans, with the resulting net proceeds to be…
Drake & Scull Financial Reorganization Committee (FRC) process completed
DUBAI, UAE: Drake & Scull International PJSC (DSI) announced that the company’s management has been notified by the Financial Reorganization Committee (“FRC”) that the restructuring plan is officially completed. With the support of the FRC appointed expert, the Company was able to reach settlements with a number of creditors, and thereby achieved the required voting…
Akobo Minerals lay the foundation stone for its Segele mine in Ethiopia
OSLO, NORWAY: Akobo Minerals has performed a ceremony to lay the foundation stone for its Segele mine in Ethiopia. This marks the start of the company’s next phase towards mining and gold production. Initial production is expected to commence by the end of 2022, ramping-up into 2023. Once fully operational, the company estimates an annual…
Accsys finalizes investment in $136mn Accoya production facility in USA
AMSTERDAM: Accsys, the fast-growing and eco-friendly company that combines chemistry and technology to create sustainable wood building products, has concluded a final investment decision to construct and operate a new Accoya production facility in the USA, a statement noted. Final Investment Decision Accsys and Eastman Chemical Company have completed the remaining planning workstreams required and…
AI software company, Elliptic Labs uplisted to the Main List of Oslo Bourse
OSLO, NORWAY: Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in Virtual Smart Sensors, has been uplisted to the main list of the Oslo Stock Exchange (OSE). Elliptic Labs has traded on the Euronext Growth trading platform in Oslo since October, 2020. “Joining the main listing at the OSE is…
Text Message Marketing Strategies To Generate More Sales
Did you know that text message marketing is one of the most effective ways to generate more sales for your business? According to a study by Mobile Marketing Watch, text messages have an open rate of 98%, which is much higher than email (20%) or social media (22%). Not only are text messages more likely…
Gore Street acquires 90% stake in a 28 MWh operational energy storage asset in Germany
LONDON, UK: Gore Street has completed the acquisition of a 90% stake in a 28 MWh operational energy storage asset based in Cremzow, Germany. The acquisition of an asset in mainland Europe signifies an exciting opportunity for Gore Street, as it diversifies its exposure to new revenue streams across the inter-connected European grid network. Cremzow…
A Guide to Choosing the Best Building Materials for your House Construction
When you have a project or house that you need to construct, the first question that comes to your mind is which building materials are the best for your house or project? This is because the materials and items you choose for your home can significantly impact how much fun you have and how much…
Mutares SE acquires Sheffield Operations of Allegheny Technologies
MUNICH: Mutares SE & Co. has signed an agreement to acquire Sheffield Operations of Allegheny Technologies Incorporated (ATI). Rebranding of the entity as Special Melted Products Limited will follow, a bourse filing noted. This acquisition will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction is expected by…