LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired International Light Technologies (ILT) for its Environmental & Analysis sector business, Ocean Insight. The consideration for ILT is US$26.6m (approximately £19.5m) on a cash and debt free basis, which is payable in cash and funded from Halma’s existing facilities. International Light Technologies…
Agronomics acquires stake in Geltor Inc.
LONDON, UK: Agronomics, the leading listed company focused on cellular agriculture, has acquired 1.069 million preferred stock in a secondary transaction in Geltor Inc., company focused on producing designer proteins for use in the cosmetic industry, from an existing shareholder, for total consideration of US$ 9.49 million. This represents an equity stake in Geltor, on…
Brad Welsh appointed MD & CEO of Energy Resources of Australia
SYDNEY, AUSTRALIA: Energy Resources of Australia (ERA) announced the appointment of Mr Brad Welsh as Managing Director and Chief Executive, effective 18 February 2022. ERA announced on 4 October 2021 that Mr Welsh (a secondee from Rio Tinto) had assumed the role of Acting Chief Executive. He will now become Managing Director and Chief Executive…
Dicker Data to acquire SIT Division of Hills Limited
SYDNEY, AUSTRALIA: Dicker Data Limited (ASX: DDR) entered into a conditional business sale agreement (BSA) to acquire the Security and Information Technology (SIT) distribution division of Hills Limited (ASX: HIL) in Australia. The price is estimated to be in the range of $20 million. Dicker Data and the Hills SIT division share only three mutual…
Gulf International Bank is gold sponsor of the GTR MENA 2022 Conference
MANAMA, BAHRAIN: Gulf International Bank (GIB) was Gold Sponsor of the GTR MENA 2022 conference held in Dubai on 15-16 February 2022. Organised by Global Trade Review and running for nearly 20 years, it is the region’s well-established trade and export finance conference. The exclusive two-day gathering brought together key industry players and companies involved…
Mistakes That You Need to Avoid When Investing in Stocks
As with most things in life, the more you learn the more mistakes that you will also know about. This is no different when it comes to investing. As a new trader, there are many mistakes that you can make that may cause your portfolio to lose money and ultimately harm your overall financial situation….
Top Tips That Will Help You Get Out Of Debt
At times, our lives become so stressful and filled with various tasks and obligations that we frequently forget about some other things that can potentially cause serious problems. We’re referring to the debts. It seems like they have a way of piling up much faster than any of us has planned. And dealing with debts…
BEWI announces intention to acquire Baltic insulation company
OSLO, NORWAY: BEWI, a leading provider of packaging, components, and insulation solutions, has entered a letter of intent to acquire 100 per cent of a Baltic insulation company. The Baltic company operates facilities for manufacturing of insulation solutions and has recorded profitable growth recent years, with net sales in the range of EUR 25 to…
A Guide to Developing Your Real Estate Software
Are you having trouble developing your real estate application? Today, our real estate software development company will help you understand this topic. The Internet has developed into a place where people go in search of more than just helpful or fascinating information when it comes to developing a real estate website. Is it really worth…
Dtac and True agree to create a new telecom-tech company in Thailand
OSLO, NORWAY: Total Access Communication (Dtac) and True Corporation (True) announces that following the completion of the merger due diligence, the Board of Directors of each company approved the amalgamation and entered into an agreement to create a new telecom-tech company. As announced on 22 November 2021, there will be a voluntary tender offer (VTO) following regulatory…
ICI and Tariq Glass to setup 1,000 tons/day float glass plant
KARACHI: ICI Pakistan and Tariq Glass Industries have executed a joint venture agreement to set up a greenfield state-of-the-art float glass manufacturing facility having a production capacity of up to 1,000 tons/day. The facility will be setup in two phases, each phase having a production capacity of 500 tons/day. ICI Pakistan will invest in the joint venture…
Lyse to acquire Ice Group Scandinavia Holding for NOK 3.0bn
OSLO, NORWAY: Lyse AS has entered into heads of terms with Ice Group ASA to acquire all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice, including all the shares of Ice Communication Norge AS, Phonepartner Norge Holding AS and Ice Retail Holding AS at an…