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.
VANCOUVER: Primo Nutraceuticals Inc. has signed a binding letter of intent (LOI) to acquire 100 percent assets of Full Spectrum Biosciences Inc.(FSB),a Colorado company. FSB is an intellectual property (IP), formulation and white label provider that has conducted sales via e-commerce, online, Amazon and doctors’ offices within the United States offering popular CBD, CBG and Hemp…
LONDON: Volex plc, the global supplier of integrated manufacturing services and power products, has signed a share purchase agreement for the proposed acquisition of the entire issued share capital of De-Ka Elektroteknik Sanayi ve Ticaret Anonim Şirketi (DEKA), for a total consideration of up to €61.8 million, on a debt-free basis. The Acquisition is expected…
LONDON, UK: Bunzl plc has recently entered into an agreement to purchase SP Equipamentos, a leading personal protection equipment distributor based in Sao Paulo, Brazil, with revenue in 2019 of BRL143 million (c.£22 million). SP Equipamentos supplies a broad range of safety products to customers across a number of markets, including the mining, steel, construction…
LONDON: Medica Group Plc announced the acquisition of Global Diagnostics Ireland (GDI), the market leader for teleradiology services in Ireland, for an initial cash consideration of €16m (£14.5m) from private Irish healthcare group, Centric Health, on a cash-free and debt-free basis. Dr. Stuart Quin, CEO of Medica Group stated: “This highly complementary acquisition of Global…
BENGALURU: Manipal Hospitals announced its intent to acquire 100% stake in Columbia Asia Hospitals Private Limited. The transfer of ownership to Manipal Hospitals is expected to be completed post regulatory approvals. The strong clinical expertise and breadth of services of Manipal Hospitals, complemented by the strengths of Columbia Asia in clinical and service quality, will…
LONDON: Creo Medical Group announced the acquisition of Boucart Medical SRL, the largest independent supplier of gastrointestinal (GI) endoscopy consumables in Belgium and Luxembourg, for an initial consideration of €4.5 million in cash plus up to €0.5 million of performance related consideration payable in cash over the next two years. Boucart Medical, founded in 1991,…
ARENDAL: Arendals Fossekompani, a green-tech investment company, has signed an agreement to buy a 71 percent stake in Kontali Analyse, a news release noted. “We are excited to have Arendals Fossekompani become the majority shareholder. Supported by the digital competence and financial capabilities of AFK, Kontali will be able to accelerate the digital transformation of…
LONDON: Tate & Lyle Plc has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. (CMS), a well-established tapioca modified food starch manufacturer located in Thailand. This investment extends Tate & Lyle’s presence in speciality tapioca-based texturants and establishes a dedicated production facility in the main tapioca region of eastern…
SYDNEY: Austal Limited has entered into an agreement to acquire Australian-based BSE Maritime Solutions Group, a news release said. The acquisition of the business is at an enterprise value of A$27.5 million. BSE Maritime Solutions is a leading ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Cairns and…
LONDON: Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, has acquired the entire issued share capital of Korvus Technology Limited, a maker of vapour deposition systems. The Board expects the Acquisition to be immediately earnings enhancing. The initial consideration for Korvus is £2.64 million in cash. The consideration…
SEATTLE: Rite Aid and Bartell Drugs have entered into a definitive agreement under which Rite Aid will acquire Bartell Drugs. The transaction is expected to be accretive to Rite Aid’s adjusted earnings per share after the first 12 months following the closing of the transaction. The transaction is expected to close by the end of…
LONDON: Sydbank will acquire Alm. Brand Bank and consequently take over all the bank’s employees and the bank’s customers, a news release said. Sydbank A/S and Alm. Brand A/S have concluded an agreement to this effect. The provisionally calculated purchase price totals DKK 1.833 billion. Moreover the agreement involves the establishment of a partnership to…