LONDON: Gamma Communications, a leading technology-based provider of communications services to business markets in the UK and the Netherlands, is pleased to announce that it has acquired Exactive Holdings Limited Consideration for the acquisition consists of initial consideration of cash and Gamma shares paid on completion of £4.5 million with a deferred contingent consideration of…
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Corporate Sector, Industry, Singapore Exchange, News Releases
Air Partner delivers integrated solution for UK Foreign & Commonwealth Office
LONDON: Air Partner plc, the global aviation services group, has once again worked alongside the Foreign and Commonwealth Office (FCO) to deliver a unique, fully-integrated and holistic solution for the evacuation and repatriation of UK and Irish nationals onboard the cruise ship quarantined off the coast of Yokohama in Japan. The project was complex, challenging…
Saudi Aramco’s proposed acquisition of 70% stake in SABIC cleared from European Commission
DHAHRAN: Saudi Aramco has announced that its proposed acquisition of a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia (PIF) has received unconditional clearance from the European Commission. With this, the proposed acquisition has now received unconditional clearance in all jurisdictions in which pre-notification antitrust filings…
Kainos acquires Intuitive Technologies
LONDON: Kainos Group, a UK-based provider of digital services and platforms, has announced the acquisition of Intuitive Technologies LLC, a trusted advisor in the areas of financial consolidation, budgeting, planning, forecasting, reporting and accounting solutions. The terms of the acquisition have not been disclosed. Founded in 2010 and headquartered in Denver, Colorado, IntuitiveTEK has a…
Sistema launches start-up fund Sistema SmartTech
MOSCOW: Sistema PJSFC, a Russian publicly-traded diversified holding company, announced the launch of Sistema SmartTech, a fund aimed at supporting early-stage and start-up companies from seed investment to Series A funding. The Fund’s target size is expected to be RUB 5 billion, with up to RUB 1.5bn investment from Sistema. In addition to Sistema, which…
Hikma and Glenmark sign agreement to commercialise Ryaltris
LONDON: Hikma Pharmaceuticals and Glenmark Specialty, a Swiss subsidiary of Glenmark Pharmaceuticals, announced the signing of an exclusive US license agreement to commercialise Ryaltris (olopatadine hydrochloride and mometasone furoate nasal spray), an investigational fixed-dose combination nasal spray for the treatment of seasonal allergic rhinitis (SAR). Under the terms of the agreement, Glenmark will be responsible…
MGC Pharma signs commercial supply deal for first products into Poland
PERTH, AUSTRALIA: MGC Pharmaceuticals has entered into an exclusive commercial wholesale supply agreement with Polish NGO Cannabis House Association (Stowarzyszenie Cannabis House) and the Forensic Laboratory of the Faculty of Law and Administration of the University of Łódź in Poland, a key EU market. The Agreement sets out the terms under which MGC Pharma will…
Titomic signs AUD25.5mn sales contract with Composite Technology
MELBOURNE: Titomic Limited, Australian Industrial Scale Additive Manufacturing Company, has entered into a binding agreement with Composite Technology, an Australian R&D and commercialisation division of a global defence product manufacturer. This contract will generate AUD$25.5 million in sales for Titomic from the provision of two Titomic Kinetic Fusion (TKF’) Systems for industrial scale metal additive…
Harebottle resigns from the office of Kropz CEO
LONDON: Kropz Plc, an emerging African phosphate explorer and developer, announced that Mr Ian Harebottle has resigned as its Chief Executive Officer (CEO) and director, with effect from 29 February 2020. As a result of Mr Ian Harebottle’s resignation, the Board has appointed Mr Mark Summers, currently the Company’s Chief Financial Officer, as its interim…
Kongsberg wins contract to equip four new cruise vessels
OSLO: Kongsberg Maritime has won contracts worth approximately 300 MNOK to equip three adventure cruise ships, with a fourth to follow. Built by WestSea Viana Shipyard in Portugal and destined for delivery to Portuguese cruise company Mystic Cruises, the vessels are to be used for expeditions in the polar regions. The 126m, 9,300-tonne luxury craft…
poLight receives purchase order of TLens and ASIC drivers
HORTEN: poLight ASA announced that the company has received a purchase order of approximately NOK 250,000 of TLens and ASIC drivers. The purchase order is related to the two smartwatch phone design-wins announced earlier in 2020. “We are still in the early days since the market launch of the two smartwacthes and therefore very pleased…
EMMAC launches UK’s first operational distance medical cannabis pharmacy, Medican
LONDON: EMMAC Life Sciences Group, Europe’s leading independent cannabis company, announced the launch of Medican, the UK’s first operational distance pharmacy dedicated to fulfilling medical cannabis prescriptions. It is a division of EMMAC’s wholly owned subsidiary, Rokshaw Limited, a leading UK EU-GMP certified Specials manufacturer. Medican has already processed more than 100 cannabis product prescriptions…