LONDON, UK: Tracsis Plc has acquired the entire issued share capital of Icon Group Limited. Headquartered in Dublin and established in 1994, Icon Group is an interdisciplinary geoscience company specialising in Earth Observation (EO), Geographical Information System (GIS) and spatial data analytics. Icon Group has several long-term repeat contracts and employs around 60 full-time staff,…
Bouygues submits a binding offer to acquire Equans
PARIS, FRANCE: Bouygues SA has submitted a binding offer to Engie to acquire Equans. The proposed acquisition of Equans forms part of Bouygues’ strategy to create a major player in multi-technical services within the Group. As stated on 7 September 2021, Bouygues would not require a capital increase to finance this transaction. The divestment process…
Fox Marble forms joint venture with Al Bab Al Mumtaz Group
LONDON, UK: Fox Marble has signed a joint venture agreement with Al Bab Al Mumtaz Group in the United Arab Emirates. Al Bab Al Mumtaz Group is a wholesaler of flooring solutions to customers in the UAE and MENA region with turnover in the region of AED 100m (circa €23 million) and has 27 retail…
Micro Focus sells Digital Safe business to Smarsh for $375mn
LONDON, UK: Micro Focus International has agreed definitive terms to sell its Archiving and Risk Management portfolio (Digital Safe business) to Smarsh Inc. for a total cash consideration of $375 million. Completion is expected to occur in the first quarter of next calendar year. The Digital Safe business forms part of the Information Management and…
Landsec acquires majority stake in MediaCity
LONDON, UK: Land Securities Group (Landsec) has acquired a majority stake in MediaCity, the 37 acre media, digital and tech hub in Salford, Greater Manchester previously owned by a 50:50 JV between Legal & General and Peel L&P. Landsec will partner with Peel L&P who will retain a 25% stake and continue to serve as…
Arxada and Troy Corporation agree to merge
BASEL, SWITZERLAND: Arxada, a global specialty chemicals business, and Troy Corporation, a global leader in microbial control solutions and performance additives, have entered into an agreement to combine the two companies. This agreement represents the first strategic deal by Arxada, formerly known as Lonza Specialty Ingredients or LSI and owned by private equity funds Bain…
Yahsat and G42 to collaborate on remote sensing and geospatial analytics
ABU DHABI, UAE: Al Yah Satellite Communications Company, the UAE’s flagship satellite solutions provider, announced that its dedicated government arm, Yahsat Government Solutions (YGS) and G42, the leading UAE-based artificial intelligence and cloud computing company, have signed a Memorandum of Understanding (MoU) to form a new collaboration focused on advancing remote sensing and geospatial capabilities…
Orient Insurance intention of acquiring
DUBAI, UAE: Orient Insurance’s Board of Directors (PJSC) announced that the company will submit an offer to acquire non-owned shares of Orient UNB Takaful (PJSC), sum of 16.09% of the company’s shares, after obtaining the necessary approvals to begin the acquisition process from the regulators. Omar Elamin, CEO of Orient Insurance Group, declared that the…
Pakistan seeks two LNG cargoes in November 2021
KARACHI: Pakistan LNG Limited (PLL) has issued tender for the import of two LNG cargoes to be delivered on November 19-20 and November 26-27, 2021. This emergency tender came after ENI and Gunvor refused the make the deliveries in November under long-term contracts. Pakistan has a five-year import deal with Gunvor and a 15-year agreement…
MotorCycle Holdings to acquire Forbes and Davies
AUCKLAND, NEW ZEALAND: MotorCycle Holdings Limited, Australia’s leading motorcycle dealership and accessories group, will expand its operations into New Zealand through the proposed acquisition of Forbes and Davies. Forbes and Davies is one of New Zealand’s leading importers and wholesalers of motorcycle tyres, ATV tyres, ride apparel, helmets and accessories. It wholesales motorcycle and powersport…
Fiducian acquires PCCU’s Financial Planning Business
Sydney, Australia: Fiducian Financial Services (FFS), financial planning subsidiary of Fiducian Group Limited (Fiducian) was selected by the People’s Choice Credit Union (PCCU) as the successful bidder to acquire PCCU’s financial planning business. The acquisition by Fiducian Financial is a continuation of its strategy to expand its quality financial planning network throughout South Australia and…
Samarkand Group acquires Napiers for £1.87 million
LONDON, UK: Samarkand Group plc, the cross-border eCommerce technology and consumer brand group, announced the acquisition of Napiers the Herbalists. Founded in 1860, by the renowned herbalist Duncan Napier in Edinburgh, Napiers is an iconic Scottish brand which still operates from its original apothecary store in Bristo Place and its website Napiers.net. For more than…