SINGAPORE: Hafnia Limited has entered into a share purchase agreement to acquire all outstanding shares in Chemical Tankers Inc (CTI), thereby taking over control of CTI’s fleet of 32 modern and fuel-efficient IMO II product/chemical tankers. The CTI fleet consists exclusively of high specification ECO design vessels, constructed at leading shipyards. In exchange for all…
Audioboom launches global podcast advertising marketplace
LONDON, UK: Audioboom, the leading global podcast company, announced the launch of SHOWCASE, a global advertising marketplace. SHOWCASE connects buyers and sellers of podcast advertising inventory through Audioboom’s technology platform. At launch, more than 250 million advertising impressions will be made available to buyers each month. For podcasters, the marketplace offers a “plug and play”…
Liam Condon appointed new CEO of Johnson Matthey Plc
LONDON, UK: Johnson Matthey Plc announced that Robert MacLeod has advised the Board of his intention to retire as Chief Executive, and is pleased to announce that Liam Condon will succeed him. After nearly eight years as Chief Executive, Robert will step down from that role and from the Board on 28th February 2022 but…
Avation Plc sells Airbus A321 Aircraft
LONDON, UK: Avation PLC , the commercial passenger aircraft leasing company, has completed the sale of a 20-year-old Airbus A321-200 aircraft. Executive Chairman Jeff Chatfield said, “Avation has a policy of focusing on new design, young and fuel-efficient aircraft. This A321 was Avation’s oldest aircraft at about 20 years old, and thus was an ideal…
Mode joins PayEscape to launch UK’s first Bitcoin Payroll product
LONDON, UK: Mode Global Holdings announced its partnership with PayEscape, one of the UK’s fastest-growing payroll providers, to pilot the first-ever Bitcoin Payroll product in the UK in conjunction with a supplier. Bitcoin Payroll is a monthly deduction of net pay that is converted into Bitcoin and deposited directly into a user’s Mode Bitcoin wallet….
Saietta buys e-Traction Europe from Evergrande for €2 million
LONDON, UK: Saietta Group announced the acquisition of e-Traction Europe B.V. from the Evergrande New Energy Automotive group. Saietta has acquired 100% of the Netherlands based electric drive train manufacturer e-Traction from the Evergrande New Energy Automotive group for a total consideration of up to €2 million. e-Traction is a designer, manufacturer, and supplier of…
Primary Health Properties acquires Peak Health Solutions for £5mn
LONDON, UK: Primary Health Properties, one of the UK’s leading investors in modern primary healthcare facilities, has acquired the entire issued share capital of Peak Health Solutions Limited, whose sole asset is the Lambgates Health Centre, Glossop for a total consideration of £5 million. The property is a modern, purpose-built primary care facility which is…
BAE Systems to acquire Bohemia Interactive Simulations
LONDON, UK: BAE Systems has entered into a definitive agreement to acquire Bohemia Interactive Simulations, a leading developer of advanced military simulation and training software. Bohemia Interactive Simulations is headquartered in Orlando, Florida, with more than 325 employees around the world. Bohemia Interactive Simulations provides innovative, high-fidelity training software products and related services to a…
ProPhotonix Limited to merge into Exaktera
LONDON, UK: ProPhotonix Limited, a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, has reached an agreement, wherein Exaktera will ProPhotonix for an aggregate consideration of approximately $11.6 million. Exaktera was founded by Union Park Capital to act as a holding company for a…
CGG, TGS and BGP commence acquisition of Suriname 3D Phase 1
PARIS, FRANCE: Further to the announcement on October 20, 2021 of a signed agreement with Staatsolie for multi-client programs offshore Suriname, CGG, a global geoscience technology leader, in a consortium with TGS and BGP, today announced that acquisition for Phase 1 of the Suriname 3D project has commenced. This 3D survey is adjacent to the prolific Block…
ABL Group to acquire ship design experts OSD-IMT
OSLO, NORWAY: AqualisBraemar LOC Group (ABL Group) has entered into an agreement to acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen Shipyards Group. The acquisition is projected to be completed by the end of November 2021. OSD-IMT is a specialist consultancy in ship design for newbuild, refit and conversion…
Air Arabia posts solid third quarter net profit of AED 209mn
SHARJAH, UAE: Air Arabia announced strong financial results for the third quarter of this year ending September 30, 2021, despite the lasting impact of COVID-19 pandemic on the performance of the aviation industry. Air Arabia registered a strong net profit of AED 209 million for the three months ending September 30, 2021; an increase of…