LONDON: Spirent Communications Plc has acquired octoScope Inc from the founder Fanny Mlinarsky, management and other investors, for an initial cash consideration of $55 million on a debt and cash free basis, with an additional consideration capped at $18 million based on annual revenue growth targets for 2021 and 2022 and retention of key staff….
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.
SKS Technologies to acquire business of APEC Technologies valued at approximately $2 million
SYDNEY: SKS Technologies Limited has entered into a binding agreement to acquire the assets and ongoing business of the APEC Technologies Group valued at approximately $2 million subject to satisfactory due diligence. The acquisition represents the development of the strategy to grow capacity as well as capability, and capture rapidly emerging opportunities in the sector….
EVO acquires 10 childcare centers in Australia, and announces dividend by end 2021
SYDNEY: New Zealand and Australian childcare and education centre operator Evolve Education Group limited (EVO) has contracted to acquire 10 childcare centres in Australia with total licenced capacity of 816 children per day, a news release said. Contract pricing includes upfront of $27.13m for EBITDA of $6.93m per annum and deferred 5m for an additional…
Nordax Bank to launch NOK 17.8 billion voluntary offer to acquire Norwegian Finans Holding
OSLO: Nordax Bank AB has announced its intention to launch a voluntary offer to acquire the entire outstanding share capital in Norwegian Finans Holding ASA (NFH), supported by Nordic Capital Fund VIII1, Nordic Capital Fund IX2 and Sampo Oyj. Nordax intends to launch a NOK 17.8 billion all-cash offer for all the outstanding shares in…
Coral Products acquires Customised Packaging Limited for £1.25 million
LONDON: Coral Products plc has acquired the entire issued share capital of Customised Packaging Limited (CPL) for a net consideration of £1.25 million. The acquisition consideration comprises £883,956.25 to be satisfied in cash and £366,043.75 to be satisfied by the issue of 3.327 million new ordinary shares to the vendors of CPL at a price…
HeiQ Plc to acquire 51% of Chrisal for €7.5 million
LONDON: HeiQ Plc has signed an agreement to acquire 51% of the share capital and voting rights of Chrisal N.V., Belgium for a consideration of €7.5 million, with €5.0 million payable in cash and €2.5 million through the issue of 1.101 million new ordinary shares by HeiQ. On completion, Chrisal will be renamed HeiQ Chrisal….
PSC Insurance acquires Trust Insurance Services and Abaco Insurance Brokers for a total of £36.5 million
SYDNEY: PSC Insurance Group Limited has entered into agreements to acquire two UK based commercial (SME) broking businesses including Trust Insurance Services for a base consideration of £15.5 million and Abaco Insurance Brokers for a base consideration of £21 million. Managing Director of PSC Tony Robinson said: “These acquisitions are consistent with our goal of…
Prospect Park Capital to acquire DiiTalk
VANCOUVER: Prospect Park Capital has entered into a definitive agreement with DiiTalk Communications and it’s subsidiary PPK Acquisition Corp. to acquire all of the issued and outstanding securities of DiiTalk. DiiTalk, a corporation existing under the laws of British Columbia, is in the business of operating a rewards-based communication platform and the provision of services…
Panoply Holdings acquires Keep IT Simple (KITS) for £26 million
LONDON: The Panoply Holdings has acquired the entire issued and to be issued share capital of Keep IT Simple LTD (KITS), a provider of high value IT support and transformation services to public and private sector clients for £26 million. KITS has built a reputation in the public sector for transforming and running live and…
Porvair plc acquires Kbiosystems Limited
LONDON: Porvair Plc announced the acquisition of Kbiosystems Limited. Kbiosystems is based in Basildon, UK and specialises in the design and manufacture of laboratory instruments, with particular expertise in automated microplate handling systems. On 25 February 2021, the Group acquired 100 per cent. of the share capital of Kbiosystems, which reported revenue of £3.8 million…
Severfield plc to acquire DAM Structures Limited for an initial £17 million
LONDON: Severfield plc has entered into an agreement to acquire 100% of the share capital of DAM Structures Limited for a net initial consideration of £12.0 million payable in cash on completion, a news release said. A further maximum deferred consideration of £7.0m is payable in 2022, together with a performance-based contingent consideration of up…
Verbrec’s subsidiary, Competency Training to acquire Site Skills Group
SYDNEY: Verbrec Limited’s wholly owned subsidiary Competency Training is to acquire the Australian training business of Site Skills Group Pty Ltd (SSG), a wholly owned subsidiary of Site Group International Limited. Verbrec understands this transaction is part of Site Group’s plans to rationalisation its Australian businesses and focus on its international operations. The acquisition of…