LONDON, UK: Quadrise Fuels International announced the appointment of Andy Morrison as Non-Executive Chairman with immediate effect. Andy is a director of growth businesses with almost forty years of experience encompassing major multi-national corporations and junior public companies. Andy began his career at Royal Dutch Shell, where he spent 17 years in their oil products…
Alex Hoctor-Duncan appointed CEO of RMG
LONDON, UK: River and Mercantile Group PLC (RMG) today announced that Alex Hoctor-Duncan has been appointed as CEO of RMG to lead the refocussed group as a specialist asset manager. River and Mercantile is an investment group specialising in fiduciary management, investment consulting, derivatives management and investment management. www.riverandmercantile.com
Kingswood Holdings acquires Allotts Financial Services for £2.5mn
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) has acquired Allotts Financial Services Limited (AFS) for total cash consideration of up to £2.5m, payable over a two year period, £1.25m will be paid at closing and the balance paid on a deferred basis, some of which is subject to the achievement of pre-agreed performance targets. AFS…
Nature’s Flame sold to New Zealand-based Talley’s Group for NZ$47.8mn
OSLO, NORWAY: Norske Skog has entered into agreement with Talley’s Group, a New Zealand based company, to sell the Nature’s Flame pellets company for a consideration of approximately NZD 47.8 million approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022. “Nature’s Flame is an excellent company producing high…
ClearVue Technologies appoints Basil Karampelas as CEO for North America
SYDNEY, AUSTRALIA: ClearVue Technologies Limited (ASX:CPV) has appointed Basil Karampelas as CEO for North America to continue expanding its footprint across the United States, Canada and the Western Hemisphere in general. Mr Karampelas will commence with the Company from 1 February 2022. Mr Karampelas has spent nearly three decades in a variety of senior financial,…
McGrath Limited CEO, Eddie Law resigns
SYDNEY, AUSTRALIA: McGrath Limited has announced the Chief Executive Officer, Eddie Law, has resigned from his position in the group by providing 6 months’ notice of termination in accordance with his employment contract. McGrath Chair, Mr Peter Lewis, said “We thank Eddie for his contribution to the group, which is performing very well across both…
Low6 raises $5 million in pre-IPO funding round
LONDON, UK: Low6 Limited, the company that has developed a next-generation sports betting platform, has successfully raised a total of US$5 million in a funding round which the company will use to fund continued growth, in particular its expansion into the US, a news release said. Low6 Limited has steadily grown since inception and through 2021…
Recyclus Group opens first recycling plant in Tipton
LONDON, UK: Recyclus Group Ltd, has opened its first lead-acid battery recycling plant in Tipton, West Midlands, and will commence operations on the week commencing 7th February 2022. The Tipton plant aims to increase Recyclus’ lead-acid battery recycling production capacity from an estimated 16,000 tonnes in the first full year of production, to circa 80,000…
Juho Jalkanen appointed Chief Operating Officer of Faron Pharmaceuticals
TURKU, FINLAND: Faron Pharmaceuticals Ltd announced the appointment of Juho Jalkanen, M.D., Ph.D., as Chief Operating Officer of the Company. Dr. Jalkanen will continue to be based in Turku, Finland and his appointment is effective immediately. In his new role, Dr. Jalkanen will lead business strategy and daily operations for Faron Pharmaceuticals. This includes oversight…
XP Power acquires FuG Elektronik GmbH and Guth High Voltage GmbH
LONDON, UK: XP Power it has acquired FuG Elektronik GmbH and Guth High Voltage GmbH, two complementary German businesses, from Dr Simon Consulting GmbH for a cash consideration of €39 million. FuG and Guth’s product portfolio is highly complementary to XP Power’s existing high voltage offering, bringing new technology and technical capability to the Group…
Paul Drennan-Durose appointed CEO of Powerhouse Energy Group
LONDON, UK: Powerhouse Energy Group, the UK technology company commercialising hydrogen production from plastic, has appointed Paul Drennan-Durose as its Chief Executive Officer. Paul has many years of Board level experience in complex new technology, distribution, engineering services, and manufacturing companies. He has led businesses on an international scale and has extensive experience in a…
Bluefield Solar buys 20MW battery storage project from Shaw-Energi Ltd
LONDON, UK: Bluefield Solar (LON: BSIF) announced the acquisition of the development rights for a 20 MW battery storage project, and the Company’s first interim dividend for the financial year which ends on 30 June 2022 The acquisition represents the development rights, grid connection costs and the leasehold of land of a ready to build…