LONDON, UK: Totally plc has acquired the entire issued share capital of Energy Fitness Professionals Limited (Energy Fit-Pro), a corporate fitness provider. The total consideration payable for the Acquisition is up to £1.3 million in cash paid on a cash free and debt free basis, with a normalised level of working capital. Energy Fit-Pro works…
Steven Owen appointed Chairman of Palace Capital board
LONDON, UK: Palace Capital announced the appointment of Steven Owen as Chairman of its board of directors, with effect from 1 January 2022. Steven is the Non-Executive Chairman of FTSE 250 property investment group Primary Health Properties plc (“PHP”) having been appointed Chairman in April 2018. He was appointed to the Board as an independent…
BICO Group to acquire Biosero Inc. in a $165mn deal
GOTHENBURG, SWEDEN: BICO Group AB has entered into an agreement with the shareholders of Biosero Inc. to acquire all outstanding shares to an enterprise value of $165 million. Approximately 63 percent of the purchase price will be paid in cash, 21 percent by issuance of the Considerations Shares, and approximately 16 percent will be paid…
Helexia to provide 27MW electricity to Vivo cell phone network
PARIS, FRANCE: Helexia, a subsidiary of Voltalia, has won an additional 27 megawatts of photovoltaic capacity for the Vivo cell phone network, a Telefonica brand. Helexia is a distributed-generation and energy-efficiency specialist. Following the August 31 launch of the construction of 17 solar photovoltaic (PV) units to power the facilities of Vivo, a subsidiary of…
Nordic Nanovector appoints Dr Sandra Jonsson as COO
OSLO, NORWAY: Nordic Nanovector ASA (OSE: NANOV) announced the appointment of Dr Sandra Jonsson, PhD, MBA as Chief Operating Officer. Dr Sandra Jonsson will start on 10 January 2022 and takes over from Marco Renoldi, MD, who is retiring from the role but will remain as a consultant to the company. Dr Sandra Jonsson is…
Alpha Dhabi Holding announce AED 8.0bn expansion plans
ABU DHABI, UAE: Alpha Dhabi Holding (ADH), has agreed on the conglomerate’s expansion plans and future strategy, targeting AED 8 billion for investments in real estate, hospitality, healthcare, petrochemicals, and other promising sectors inside and outside the UAE. Eng. Hamad Al Ameri, Managing Director and CEO of Alpha Dhabi Holding, said: “In Q3 2021, the…
Targetspot to launch specialist mobile gaming division in 2022
PARIS, FRANCE: Targetspot, a division of AudioValley, will launch a specialist division in 2022 as part of their continued investment into the mobile gaming sector. This newly formed area will be dedicated to working with customers and partners from across the entire ecosystem, helping serve Targetspot’s acceleration into the fastest growing area of digital media…
Sims Limited buys metal recycler Atlantic Recycling in a $37mn deal
SYDNEY, AUSTRALIA: Sims Limited, a global leader in metal recycling, has agreed to acquire the assets of United States-based metal recycler, Atlantic Recycling Group (ARG) for a total consideration of $37 million plus working capital adjustments. The acquisition is expected to reach financial close on 1 January 2022. The acquisition price implies an EV/EBITDA multiple…
National Tyre & Wheel Limited buys Carter’s for $28.3mn
SYDNEY, AUSTRALIA: National Tyre & Wheel Limited (NTAW) has executed an agreement under which its wholly owned subsidiary, NTAW Holdings (NZ) Limited, will acquire Carters Tyre Service Limited, C.O. Tire & Retreading Co Limited and Tyre Distributors New Zealand Limited (together, “Carter’s”) for a purchase price of NZ$30 million ($28.3m). The acquisition will be funded…
Orcoda sells Chinese entity
SYDNEY, AUSTRALIA: Orcoda Limited (ASX: ODA) notified that its subsidiary Orcoda Transport Logistics Pty Ltd sold 100% of the equity of Smarttrans (HK) Limited for $4,000. Smarttrans (HK) Limited controlled three further Chinese entities. None of the entities currently trades and hold few assets. This sale completes the transition of Orcoda Limited to an entirely…
Going To The Top: Top Online Habits Of Successful Businesses Down Under
To be successful in the business world, it is important to have an online presence. This includes everything from a well-designed website to a social media strategy. However, not all businesses are created equal when it comes to their online habits. There are corporations in Australia that are thriving online, while others could use some…
Delegation from Abu Dhabi Securities Exchange visits Bahrain Bourse
MANAMA: Bahrain Bourse (BHB) hosted a high-level delegation from Abu Dhabi Securities Exchange (ADX) for two days to agree on practical steps to be taken by both parties in order to implement the action plan for the agreement that has been signed between Bahrain Bourse and ADX in November. Both parties agreed on a mechanism…