SUBIACO: Kingsrose Mining notified that Chief Executive Officer Karen O’Neill has been appointed Managing Director, effective immediately. Ms O’Neill has more than 20 years’ operational and executive experience across mining, investment banking and professional services. She was appointed Chief Executive Officer in May this year. Since then, Ms O’Neill has led a commercially focused operations…
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Veris Limited sells Elton Consulting for $13mn
MELBOURNE: Veris Limited has sold Elton Consulting Pty Ltd to WSP Australia Pty Limited for $13million. The sale of Elton will result in a significant reduction in net debt and a cash injection that will significantly strengthen Veris’ balance sheet allowing the company to focus on growth opportunities within its core business Veris Australia, and…
Breedon to form joint venture with Robert Brett & Sons Limited
LONDON: Breedon Southern Limited announced plans to form a joint venture in London trading as Capital Concrete Limited, with Robert Brett & Sons Limited and the Capital Concrete senior management. Three of Breedon’s existing ready-mixed concrete assets will be combined with those of Capital Concrete, Brett’s established ready-mixed concrete operation in London. The enlarged business,…
Chemring Group to sell its US subsidiary for $17 million to Nammo
LONDON, UK: Chemring Group announced that a conditional agreement has been entered into for the sale of its US subsidiary Chemring Ordnance, Inc. to Nammo Defense Systems Inc. for a cash consideration of $17 million. The consideration will be paid in cash on completion, subject to a working capital adjustment. This sale completes the Group’s…
Chinese National Medical Product Administration (NMPA) approves Penthrox IND
PERTH: Medical Developments International Limited (MVP) announced the Chinese National Medical Product Administration (NMPA) has approved the opening of MVP’s Investigative New Drug (IND) application. This application is a critical step and building block to having Penthrox approved for sale in China. MVP’s submission in China is to have Penthrox approved for two separate indications….
Petrofac signs pact to acquire entry-level position in US onshore Operations and Maintenance market
LONDON: Petrofac Limited has signed a Sale and Purchase Agreement with the shareholders of W&W Energy Services to acquire an entry-level position in the US onshore Operations and Maintenance market. W&W offers Maintenance, Repair & Overhaul and Pipeline tie-in services in the Permian Basin, the world’s largest producing basin. This bolt-on acquisition is in line…
Paula Jeffs appointed to Ryman Healthcare’s board
WELLINGTON: Ryman Healthcare has announced the appointment of Melbourne-based human resources executive with experience across the healthcare, financial and government sectors, Paula Jeffs to the company’s board. Ryman Chairman Dr David Kerr said her appointment strengthened the board in the critical areas of people, team development and talent identification. “We’re a high growth business and…
Uniphar marks its entry into Nordic and Baltic markets with acquisitions
LONDON: Uniphar plc has announced acquisition of Nordic-based medtech service provider, EPS Group and Irish-based medtech service provider M3 Medical Limited. The EPS Group comprises EPS Vascular AB and EP Endovascular AB, both registered in Sweden and EPS Vascular OY registered in Finland. M3 Medical is an Irish registered business. Both the EPS Group and…
Magseis Fairfield announces multi-client project
OSLO: Magseis Fairfield has entered into an agreement with an established multi-client company to participate in a multi-client project, which is expected to commence late in the first quarter of 2020. “This is the first phase of a multi-year campaign which will bring industry leading nodal acquisition and data processing to re-image a mature basin….
Rex acquires pilot Academt in Ballarat, Victoria
PERTH: Regional Express (Rex) has finalised with ST Engineering the acquisition of its subsidiary Aviation Training Academy Australia Pty Ltd which owns ST Aerospace Academy (Australia) Pty Ltd (STAA(A)). STAA(A), located at Ballarat, Victoria, is a pilot academy founded over 10 years ago to provide airline cadet pilot training for global carriers. STAA(A) has over…
Xref and CVCheck form strategic alliance for ANZ region
SYDNEY: Xref Limited and CVCheck Ltd announced the details of a strategic alliance. As a result of the agreement, Xref’s reference checks will be made available to all CVCheck users, while users of the Xref platform will be able to add multiple products from CVCheck to their verification process. Xref is a high growth business…
Roger Brown appointed CEO of Seplat Petroleum as Avuru retires
LONDON: Seplat Petroleum Development Company has announced that her pioneer Managing Director and later CEO, Austin Avuru will be retiring in July 2020 after 10 years of leading the company. In these 10 years, Mr. Avuru led the development of a strong organization, the deployment of agile systems, processes and stakeholder relationships that allowed the…