LONDON: Gulf Marine Services PLC said a Saudi court rejected its appeal of a $9.2 million tax assessment tied to transfer pricing disputes for the 2017-2019 fiscal years. The London-listed offshore energy support vessel operator disclosed the ruling in a regulatory filing Tuesday after Saudi Arabia’s Alternative Dispute Resolution Committee denied its latest settlement proposal….
AdvancedAdvT agreed to acquire HFX Limited for £5.3 million
LONDON: AdvancedAdvT Limited, the international software solutions provider for the business solutions, healthcare compliance, and human capital management sectors has agreed to acquire HFX Limited, the provider of a cloud based workforce management SaaS solution, for a total consideration of £5.3 million net of cash acquired of £0.6 million, of which £2 million is deferred…
Sureserve to acquire Kinovo PLC in £56.4 million deal
Recommended Final Cash Acquisition of Kinovo plc LONDON: Sureserve Compliance Holdings Limited, an indirect wholly-owned subsidiary of Sureserve Group Limited, has reached a final agreement to acquire Kinovo PLC in a cash deal valued at approximately £56.4 million. Under the terms of the acquisition, Kinovo shareholders will receive 87.5 pence per share in cash. The…
Gooch & Housego to acquire U.S.-based Global Photonics for $17.5 million
LONDON: Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, announces that it has agreed to acquire U.S.-based Global Photonics for a total consideration of $17.5 million. The acquisition is expected to be marginally earnings enhancing in the current financial year and increasingly earnings enhancing thereafter. This acquisition significantly extends…
GSK to acquire Boston Pharmaceuticals subsidiary in $2 billion deal
LONDON : GlaxoSmithKline (GSK) has agreed to acquire BP Asset IX, Inc., a subsidiary of Boston Pharmaceuticals, in a deal worth up to $2 billion to gain access to efimosfermin, a potential treatment for steatotic liver disease (SLD), the companies announced Wednesday. Under the terms of the agreement, GSK will pay $1.2 billion upfront, with…
Babylon Pump & Power to acquire Matrix Hydro Services
PERTH: Babylon Pump & Power Limited (ASX: BPP) announced Wednesday it has agreed to acquire Matrix Hydro Services Pty Ltd, a Western Australia-based specialist in aquifer testing and groundwater services, for an initial $2.5 million. The deal, which includes deferred payments tied to performance, aims to strengthen Babylon’s water management capabilities in the mining sector. …
Bass Oil Limited ,to Acquire ,Vanessa Gas Field, Australia’s growing energy market,
MELBOURNE: Bass Oil Limited (ASX:BAS) announced plans to acquire a 100% interest in the Vanessa gas field from Beach Energy Ltd., marking a strategic move to expand its gas production capabilities in Australia’s Cooper Basin. The company also launched a $3.1 million capital raise to fund the acquisition and growth initiatives. Key Details of the…
Responsive acquires Australia’s Bidhive to expand APAC presence
SAN FRANCISCO: Responsive, a global leader in AI-powered Strategic Response Management (SRM) software, announced Tuesday its acquisition of Bidhive, an Australian bid and proposal management platform. The deal strengthens Responsive’s foothold in the Asia-Pacific (APAC) region. Bidhive’s expertise in bid management complements Responsive’s AI-driven platform, enabling enterprises to handle requests for proposals (RFPs), tenders and…
Peugeot Invest joins investor consortium in $125 million BroadStreet Partners deal
PARIS: Peugeot Invest has announced a $125 million investment in BroadStreet Partners as part of a capital reorganization, joining a consortium led by Ethos Capital. Ontario Teachers’ Pension Plan, the majority shareholder for over a decade, will maintain a co-control position alongside the new investors. BroadStreet Partners, a leading insurance brokerage firm operating in the…
Henry Gosebruch appointed as Chief Executive Officer of Galapagos
MECHELEN: Galapagos NV (Euronext & NASDAQ: GLPG), a global biotechnology company focused on advancing cell therapies and transformative medicine, announced a strategic update Tuesday, including a re-evaluation of its previously planned corporate separation, a leadership transition, and changes to its Board of Directors. The company originally announced on Jan. 8 its intention to separate into…
Greencoat Renewables proposed secondary listing on the Johannesburg Stock Exchange
DUBLIN: Greencoat Renewables PLC, the renewable energy infrastructure company investing in European renewable energy generation assets, is in the process of applying for a secondary inward listing on the Alternative Exchange of the Johannesburg Stock Exchange (“JSE”) by way of an introduction. The Company has received strong interest in the listing from a number of…
Felix Group Holdings unveils growth strategy for mining & resources sector
SYDNEY: Felix Group Holdings Limited (Felix), a leading enterprise SaaS platform for supply chain management, has released an investor presentation highlighting its strategic focus on the mining and resources sector. The company aims to capitalize on the sector’s complex supply chain needs, leveraging its purpose-built platform to drive growth and expand its global footprint. Vision…