MUNICH: Saint-Gobain has entered into binding agreements for the sale of its specialist tile distributor in the UK – CTD Tile Group to Aurelius Investments. Completion is expected by the end of the first quarter of 2022. CTD Tile Group employs 580 people and has 89 outlets, generating a turnover of approximately €115 million in…
Wilhelmsen New Energy to acquire a 21% stake in Reach Subsea for NOK 150mn
HAUGESUND, NORWAY: Reach Subsea announced that Wilhelmsen New Energy AS has entered into an investment agreement whereby Wilhelmsen has agreed to become a 21% shareholder in Reach Subsea through subscribing for NOK 150 million in a directed private placement. The investment agreement forms part of a broader partnership, which will see the launch of the…
Reach Subsea acquires offshore survey company iSURVEY
HAUGESUND, NORWAY: Reach Subsea ASA, a provider of subsea services globally, has entered into an agreement with iSURVEY Holding AS to acquire ISURVEY Group AS, a provider of offshore high-quality survey services, for NOK 135 million. “With the acquisition of ISURVEY, we are developing Reach Subsea into a larger, more robust, fully integrated company, with…
The Different Types Of Marketing Solutions That Can Improve Your Strategy
With the new age of internet marketing, businesses face new challenges and opportunities daily. How do we stand apart from our competitors? What can we offer that isn’t offered elsewhere? These are questions many marketers ask themselves every day as they find themselves up against larger companies with more resources. Fortunately, there is one thing…
Meltwater announces new Scientific Advisory Board
SAN FRANCISCO: Meltwater, a leading global provider of social and media intelligence, announced the launch of the company’s Scientific Advisory Board, composed of industry leaders in AI and machine learning who will support the company in setting scientific and technology strategy. As Meltwater continues to make significant investments into its cutting-edge AI and machine learning…
Forestia expands distribution of particle boards, OSB panels & plywood panels
VENNESLA, NORWAY: Forestia is aiming to establish Norway’s largest distribution centre for particle boards, OSB panels and plywood panels for the Norwegian building materials market. Byggma’s subsidiary, Forestia, is today Norway’s leading producer of particle boards. To strengthen the company’s position in the Nordic building materials market, Forestia, together with its sister company Byggform, will…
M&G plc acquires TCF Investment
LONDON, UK: M&G plc has announced the acquisition of investment manager TCF Investment (TCF) to become a provider of model portfolio services. The deal has been approved by the FCA. TCF Investment becomes part of M&G Wealth and will be rebranded in due course. TCF’s current service – MAPS – is tailored to meet a range…
Ocado and Groupe Casino sign pact to extend partnership in France
LONDON, UK: Ocado Group and Groupe Casino today announce the signing of a Memorandum of Understanding (“MOU”) to extend their partnership. This extension will see the creation of a new exclusive Joint Venture (“JV”) to support the development and management of single or multi-tenanted CFCs in France. Underpinned by the success of their partnership and…
Fintel Plc expands its Management Distribution Service
LONDON, UK: Fintel Plc (AIM: FNTL), the UK’s leading fintech` and support services business, has announced that Invesco, Hawksmoor and Royal London are amongst further partners to commit to multi-year agreements for its Managed Distribution Service. 20 partners have now converted to the Managed Distribution Service, including leading brands such as Fidelity, Aviva, Just, Guardian,…
Mondi to divest its personal care components business for €615mn
LONDON, UK: Mondi plc has entered into an agreement to sell its Personal Care Components business (PCC) to Nitto Denko Corporation (Nitto) for an enterprise value of €615 million, which is also the approximate cash consideration payable to Mondi at completion. Mondi’s strategic focus to grow in packaging and the limited overlap of PCC with…
Zephyr Energy completes $36mn Williston Basin acquisition
LONDON, UK: Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, has completed $36 million acquisition of non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, U.S. All conditions of the Acquisition have now been satisfied, including…
CLS Holdings acquires office building in Dusseldorf
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire a 9,168 sqm / 98,684 sq. ft office building in Dusseldorf for €25 million (€2,724 per sqm) excluding costs from alstria office REIT-AG. Kanzlerstraße 8 is situated in a well-connected and growing submarket in Dusseldorf. The overground station, Dusseldorf Rath, and the underground station, Rather…