VANCOUVER: Lynx Global Digital Finance Corporation (CNSX: LYNX) has entered signed memorandum of understanding for the acquisition of Ausphil Technologies Pty. Ltd. Ausphil, an Australian private company, holds a 52.15% shareholding in Binangonan Rural Bank Inc. (BRB), a Philippine based company that has operated in the banking sector since October 1961. As at the date…
Tag: Acquire
The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
NCC Group to acquire intellectual property management business of Iron Mountain for $220 million
LONDON: NCC Group plc (LON: NCC) signed an agreement for the proposed acquisition of the Intellectual Property Management business of Iron Mountain Inc. for a cash consideration of $220 million, a news release said. Intellectual Property Management business of Iron Mountain Inc. comprises substantially all of the assets of Iron Mountain Intellectual Property Management Inc….
NORBIT acquires Hungary based iData for EUR 14.5 million
TRONDHEIM: NORBIT ASA (FRA: 4NK ) has signed binding agreement governing the acquisition of iData Kft., a Hungary-based company specialized in vehicle tracking and fleet management related services. The transaction values iData at an enterprise value of EUR 14.5 million, implying an equity value of EUR 14.5 million. The acquisition will create a broader platform…
European Lithium acquires 20% interest in Jadar’s Austrian Lithium assets from their JV partner
SYDNEY: European Lithium Limited has acquired a 20% interest in Jadar’s Weinebene and Eastern Alps Lithium Projects (Jadar 80% interest), located adjacent to Wolfsberg Project in Austria. European Lithium Limited (ASX:EUR) announced to shareholders that the Company has entered into a Collaboration Agreement with Jadar Resources Limited (ASX: JDR) (Jadar). The Company has also acquired…
Begbies Traynor Group acquires MAF Property Limited for £11.75 million
LONDON: Begbies Traynor Group plc (LON: BEG) announced the acquisition of MAF Property Limited, which trades as MAF Finance Group, a Midlands-based finance broker. The acquisition is for a maximum potential consideration of £11.75m on a cash free and debt free basis with normal levels of working capital (i.e. adjusted for cash, debt and working…
Zaptec signs term sheet to purchase NovaVolt AG
STAVANGER: Zaptec Charger AS has today signed a letter of intent to purchase 100% of the shares in the Swiss company, NovaVolt AG. Zaptec Charger AS is 100% owned by Zaptec AS. NovaVolt is the exclusive distributor of Zaptec’s charging systems in Switzerland and has 7 employees, with its offices located in Zurich. Customers of…
Knights Group announces acquisition of Keebles LLP for £11.54 million
LONDON: Knights Group has agreed to acquire Keebles LLP, an independent commercial law firm primarily based in Sheffield. Under the terms of the acquisition, Knights will acquire Keebles from its ten existing equity partners on a debt free, cash free basis for a total consideration of £11.54 million, subject to working capital adjustments at the…
New Zealand Rural Land to acquire 14 large scale dairy assets for $114 million
AUCKLAND: New Zealand Rural Land Company (NZL) has entered into conditional agreements with Van Leeuwen Group and associated entities (VLG) and their major lender to acquire fourteen large scale dairy assets in South Canterbury and North Otago totalling approximately 6,350 hectares, a news release said. Under the transaction New Zealand Rural Land Company(NZL) will acquire…
Toyota Motor’s Woven Planet to acquire Lyft’s self-driving car division
SAN FRANCISCO: Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, has signed an agreement for the acquisition of Lyft Inc.’s self-driving vehicle division, Level 5 in a $550 million deal The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving…
Plus500 Ltd to acquire Cunningham Commodities and Cunningham Trading Systems
LONDON: Plus500 Ltd has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC., a regulated Futures Commission Merchant (FCM), and Cunningham Trading Systems LLC. (CTS), a technology trading platform provider, operating in the futures and options on futures market in the US. Compelling strategic rationale The Acquisition represents a major growth…
Bank of Ireland to acquire KBC Bank Ireland’s performing loan assets and liabilities
LONDON: KBC Bank Ireland has entered into a Memorandum of Understanding (MoU) with Bank of Ireland, expressing the parties’ intention to explore a route that could potentially lead to a transaction whereby Bank of Ireland commits to acquire substantially all of KBC Bank Ireland’s performing loan assets and liabilities. The transaction remains subject to customary…
AdEPT acquires Datrix Limited for an initial cash consideration of £9.0 million
LONDON: AdEPT Technology Group completed the acquisition of the entire issued share capital of Datrix Limited for an initial cash consideration of £9.0m, which has been funded through the Group’s new bank facility, a news release said. Datrix is a well-established, award-winning supplier of advanced cloud-based networking, communications, and cyber security solutions, headquartered in London,…