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.
LONDON: Midwich Group Plc has acquired the entire issued share capital of Starin Marketing, a specialist value-add audio visual (AV) distributor in the US for an enterprise value of up to $46.1 million (£35.7m), consisting of a $27.1 million (£21.0m) cash consideration and an assumption of up to $19.0 million (£14.7m) in existing debt facilities….
LONDON: Halma Plc has acquired Sensit Technologies LLC, a gas leak detection company based in Indiana, USA for a cash consideration of $51.5 million. Halma is a global group of life-saving technology companies, focused on creating a safer, cleaner and healthier future for people worldwide. Sensit Technologies manufactures equipment and designs technologies that enable natural…
ABU DHABI: First Abu Dhabi Bank (FAB) has entered into exclusive discussions with Bank Audi to acquire its fully owned subsidiary in Egypt, Bank Audi Egypt. A working group has been formed to assess the potential acquisition. At the current time, no valuations have been announced and there is no certainty that these discussions will…
LONDON: The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a 100% interest in Blary Hill Energy Limited, with the rights to construct a 35MW wind farm located on the Kintyre Peninsula, West Scotland. The investment is expected to complete during Q1 2020. The project, developed by RES, will consist of 14 Nordex N90…
LONDON: BAE Systems plc has entered into a definitive Asset Purchase Agreement to acquire Collins Aerospace’s Military Global Positioning System business (GPS business) for $1.925 billion in cash, subject to customary closing adjustments. The Company has also entered into a definitive Asset Purchase Agreement to acquire Raytheon’s Airborne Tactical Radios business (Radios business) for $275…
LONDON: Target Healthcare has completed the acquisition of a new development site in Cheshire, for £9.7 million, as it continues to deploy the proceeds from its recent oversubscribed capital raise. The Group is also pleased to confirm that it has now completed on the three previously announced acquisitions located in Yorkshire and Wales. In addition,…
LONDON, UK: Tremor International Ltd, a global leader in video advertising technologies, has reached an agreement with News Corp to acquire Unruly, News Corp’s programmatic video marketplace. The transaction will be satisfied through the issue of approximately 6.91 percent of Tremor International’s issued voting share capital to News Corp. Under the terms of the Transaction,…
MOSCOW: Sovcombank and Liberty Mutual Group have entered into a definitive agreement whereby Sovcombank will acquire Liberty Insurance PJSC, a Russian subsidiary of Liberty Mutual. Boston-based LMHC, the parent corporation of the Liberty Mutual Insurance group of entities, is a diversified global insurer and third largest property and casualty insurer in the U.S. based on…
LONDON, UK: Venture Life Group has acquired PharmaSource BV, a Netherlands based development and distribution business, for an initial consideration of €5.23 million and deferred contingent consideration of up to €1.27 million. Venture Life agreed to acquire the entire issued share capital of PharmaSource BV for an initial consideration of €5.23 million, and deferred contingent…
LONDON: Focusrite plc has announced the acquisition of Martin Audio and associated companies, the designer and manufacturer of high-performance loudspeaker systems for the touring and installation markets. The total consideration to be paid is £39.2 million for the business, which has approximately £4.0 million of cash. This will be funded through a combination of existing…
FREDRIKSTAD: Europris ASA, Norway’s largest discount variety retailer by sales, has today acquired a 20 per cent equity stake in ÖoB with payment in Europris shares. The acquisition of the equity stake has now been completed by the delivery of 4,349,695 Europris shares, corresponding to 2.61 percent of the share capital. This acquisition represents an…
LONDON: JLEN Environment, the listed environmental infrastructure fund, acquired 70% equity stake in Bio Collectors Holdings Limited. The acquisition was funded by a draw-down on JLEN’s revolving credit facility. BCH, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (AD) plant and the Bio Collectors waste collections business….