LONDON: Mast Energy Developments (MED) announced updates Tuesday on its growth capital partnership with Powertree, trading revenues from its Pyebridge site and changes in significant shareholdings. The company finalized a binding investment agreement with Powertree (Holdings) Ltd, formalizing a long-term partnership to fund flexible power generation projects. Under the deal, Powertree will invest up to…
Mario Blazevic appointed interim managing director of Tietoevry Banking
OSLO: Mario Blazevic has been named interim managing director of Tietoevry Banking, effective Tuesday. He succeeds Endre Rangnes, who was appointed interim CEO of Tietoevry on May 5. Blazevic, 49, has been with Tietoevry since 2010, most recently serving as head of cards and transaction banking at Tietoevry Banking. Prior to that, he held multiple…
SPC Global reports positive results post-merger, reaffirms FY2025 guidance
MELBOURNE: SPC Global Holdings Ltd (ASX: SPG), a leading food and beverage manufacturer, announced today that its post-merger strategy is delivering positive financial results, with the company on track to meet its fiscal year 2025 guidance of A$29 million in normalized EBITDA. The company reported that its first-quarter performance under new management aligned with expectations…
Helium One Global updates on successful drilling at Galactica Project in Colorado
LONDON: Helium One Global (AIM: HE1), a primary helium explorer with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, has provided an update following partner Blue Star Helium’s (ASX: BNL) latest announcement. The Jackson-2 well, part of the Galactica Project, was successfully drilled to a total depth of 1,232 feet (375…
Seven West Media acquires Southern Cross Media Group television assets
SYDNEY: Seven West Media announced Tuesday it has reached a binding agreement to acquire television licenses and associated assets from Southern Cross Media Group, expanding its national broadcast network. The deal, valued at $3.75 million in cash, includes licenses in Tasmania, Darwin, Spencer Gulf, Broken Hill, Mt Isa, and Remote, Central and Eastern Australia. These…
MTI Wireless Edge increases stake in subsidiary PSK amid defense sector growth
LONDON: MTI Wireless Edge. (AIM: MWE), a technology group specializing in communication and radio frequency solutions, announced Tuesday that its subsidiary MTI Summit Electronics Ltd. has increased its ownership in P.S.K Wind Technologies Ltd. (PSK) through a new equity investment of 600,000 Israeli shekels (approximately $170,000). Following the investment, MTI Summit now holds a 60%…
Connected Energy, Forsee Power partner on second-life battery storage solution
PARIS: Connected Energy and Forsee Power have signed an agreement to jointly develop a modular, scalable energy storage system using repurposed electric vehicle batteries, the companies announced Monday. The partnership will combine Connected Energy’s second-life battery technology with Forsee Power’s ZEN 35 and ZEN 42 battery packs, which are used in roughly 1,500 electric buses…
Knights to acquire Essex-based law firm Birkett Long in £16.6 million deal
LONDON: Legal and professional services firm Knights announced Tuesday it has agreed to acquire Birkett Long LLP and Birkett Long IFA LLP, a regional law firm and independent financial advisory business with three offices in Essex, as part of its expansion strategy. The deal, worth £16.6 million, will bolster Knights’ presence in southeast England and…
Synthomer to sell William Blythe for £30 million
LONDON: Synthomer plc has agreed to sell its inorganic chemistry business, William Blythe Ltd., to its management team and H2 Equity Partners for £30 million, the company announced Tuesday. Founded in 1845, William Blythe specializes in inorganic derivatives used in life sciences, performance coatings, electronics and renewable energy. The Accrington, Lancashire-based business employs about 85…
Intertek to acquire Brazil-based building products testing firm TESIS
LONDON: Intertek Group plc, a global provider of Total Quality Assurance services, announced Monday it has agreed to acquire TESIS – Tecnologia e Qualidade de Sistemas em Engenharia Ltda, a leading building products testing and assurance firm based in São Paulo, Brazil. The acquisition comes as Brazil’s construction industry, valued at $120 billion, is projected…
Optima Health to acquire Care First
LONDON: Optima Health (AIM: OPT), a leading U.K. provider of corporate health and wellbeing solutions, announced Tuesday it has agreed to acquire the trade and assets of Care First, a mental health services provider, from Priory Group for £350,000 (£15,000 net). The deal, structured on a cash-free, debt-free basis, is set to close June 2,…
DoorDash makes final offer of £2.9 billion to acquire Deliveroo
LONDON: The board of directors of DoorDash Inc. has agreed on the terms of a recommended final cash offer to acquire entire issued and to be issued share capital of Deliveroo at the rate of 180 pence in cash for each Deliveroo share. The acquisition values the entire issued and to be issued ordinary share…