PARIS, FRANCE: Paragon ID, leading provider of identification solutions, has acquired the business and assets of Electronic Data Magnetics Inc., (EDM) in US, a bourse filing said. Founded in 1983 by the Hallman family, EDM grew to become America’s biggest manufacturer of tickets for the Mass Transit market. Electronic Data Magnetics (EDM) manufactures and markets…
West Monroe acquires Verys
CHICAGO: West Monroe, a digital consulting firm, acquired Verys, a Santa Ana, California-based product engineering services firm. The acquisition comes on the heels of the firm’s announcement last week that it is making a $250 million investment in continuing to build its end-to-end digital services in response to unprecedented client demand, and particularly in building…
Emplifi Inc. acquires Go Instore
NEW YORK: Emplifi Inc. has acquired SYM-SYS LTD (Go Instore), a pioneer in live commerce software. Headquartered in London, UK, Go Instore leverages immersive HD live video to connect customers with a brand’s data driven product experts. Their leading-edge video technology provides brands with a new channel via which they can engage with and serve…
Senex signs new gas sales agreement for Capricorn Copper mine
SYDNEY, AUSTRALIA: Senex Energy Limited announced a gas sales agreement to supply the Capricorn Copper mine, owned by Australian resources company 29Metals Limited, with around 2.5 petajoules (PJ) of natural gas over three years. The Capricorn Copper mine is located approximately 120 kilometres north of Mount Isa, Queensland. Natural gas is to be supplied by…
Vikesh Ramsunder appointed MD & CEO of Sigma Healthcare
SYDNEY, AUSTRALIA: Sigma Healthcare Limited has appointed Vikesh Ramsunder as Managing Director & Chief Executive Officer. Vikesh is currently Group CEO of the Clicks Group in South Africa, a role that he has held since January 2019. Clicks Group is a leader in the South African healthcare market. Vikesh brings a valuable blend of leadership,…
Catherine McGrath appointed CEO Westpac New Zealand
AUCKLAND, NEW ZEALAND: Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand. Catherine recently returned to New Zealand from London where she was Head of Channels for Barclays Group, having previously held several senior leadership roles at Barclays since…
Castelnau Group finalizes £170mn shares sale on LSE
LONDON, UK: Castelnau Group Limited has published a prospectus in connection with an initial public offering (IPO) (shares sale) to admit its shares to the Specialist Fund Segment (SFS) of the London Stock Exchange’s Main Market. Castelnau is targeting an issue in excess of 170 million ordinary shares of no par value at a price…
Innodata wins data analytics contract with world’s leading bank
NEW YORK: Innodata Inc. , a leading data engineering company, has won a contract with one of the world’s largest banks to provide AI-enhanced data feeds and a data analytics platform. Innodata anticipates the five-year contract will result in approximately $2 million per year in subscription revenue during the initial two years and approximately $2.4 million per…
BEWI moves to acquire insulation solutions firm in Benelux
OSLO, NORWAY: BEWI ASA, a leading provider of packaging, components, and insulation solutions, has reached to final negotiations for the acquisition of an insulation company in the Benelux region. As communicated in the company’s report for the second quarter and first half of 2021, growth initiatives remain a high priority in BEWI, and the company…
Nordic Unmanned gets clearance for the acquisition of AirRobot
OSLO, NORWAY: Nordic Unmanned has received all relevant clearances from the German Federal Ministry of Economy and Energy to move forward with the acquisition of AirRobot, a news release said. The acquisition can now be completed and the closing is expected to happen shortly. Consolidation into Nordic Unmanned will happen from the date of closing….
Potential Evergrande fallout to mostly impact China alone
Financial distress at Evergrande has brought jitters in Emerging Market bonds — however, fortunately most of the impacts are limited to Chinese real estate bonds, where contagion from fall-out appears far-fetched. 2021 marks significant regulatory changes in China under the banner of “Common Prosperity Initiative” – targeting companies in Tech space, Real estate, and Education….
Inventia sells $30mn worth of American Depositary Shares
PARIS, FRANCE: Inventiva, a clinical-stage biopharmaceutical company, has completed sales of 2.083 million American Depositary Shares (ADS) pursuant to the company’s ATM program established on August 2, 2021, through Jefferies LLC. Each American Depositary Shares (ADS) represents one ordinary share of the company. In the ATM sales, an aggregate of 2,083,334 new American Depositary Shares…