SYDNEY, AUSTRALIA: MPower Group announced a transaction that accelerates its Build Own Operate (BOO) strategy with the proposed acquisition of the Lakeland Solar & Storage Project located in Cooktown Shire, North Queensland, comprising a 10.8MWac solar farm and an associated 1.4MWac/5.3MWh lithium-ion battery storage facility. Lakeland Solar & Storage Project has been in operation since…
Tag: acquires
DGL acquires Temples Chemical Warehousing Division
MELBOURNE, AUSTRALIA: DGL Group Limited (ASX:DGL) has announced the strategic acquisition of Temples chemicalc warehousing division. Situated in Welshpool southeast of Perth, Temples specialises in chemical warehousing and distribution. Temples adds 13,000 tonnes of chemical storage capacity to DGL’s WA operations and over 10,000 sqm of strategic operational space for transport equipment and shipping container…
REACT Group acquires LaddersFree Ltd for £8.5mn
LONDON, UK: REACT Group Plc (AIM: REAT) has completed the acquisition of LaddersFree Ltd., an established nationwide commercial window, gutter and cladding cleaning business, for a total consideration of up to £8.5 million on a debt-free and cash-free basis. This is REACT Group’s second acquisition and represents a further step in the company’s ambition to…
Huddlestock Fintech acquires F5 IT in a NOK 20mn deal
OSLO, NORWAY: Huddlestock Fintech AS has confirmed the acquisition of 100% of F5 IT, a software developer with solid traction in customised applications and solutions within the Fintech, Proptech and IoT space. It has been agreed that Huddlestock will pay NOK 20 million in an all-share exchange to acquire 100% of F5 IT AS. “We…
Downing Renewables & Infrastructure Trust acquires hydropower plants in Sweden
LONDON, UK: Downing Renewables & Infrastructure Trust plc (LSE: DORE) has entered into an agreement to acquire, through Downing Hydro AB (DHAB), a 100% interest in a portfolio of operational run-of-river hydropower plants in Sweden for a total consideration of approximately EUR 20 million (c.£17 million), from Batten AB and Daturum AB. The acquisition will…
Coral Products acquires Film & Foil Solutions for £3.0 million
MANCHESTER, UK: Coral Products plc has acquired the entire issued share capital of Film & Foil Solutions Limited (F&F) from two private individuals for a consideration of £3.0 million. Coral Products plc is a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester. Film & Foil Solutions are a leading…
Dicker Data acquires Hills’s Security & IT Division for $19.35mn
SYDNEY, AUSTRALIA: Dicker Data Limited (ASX: DDR) announced the completion of the acquisition and transition of the Hills Limited (ASX: HIL) Security and IT (SIT) division. Hills shareholders voted in favour of the Business Sale Agreement on Wednesday, 20 April 2022, with the Company taking full ownership from Monday, 02 May 2022. The purchase price,…
OFX acquires Canadian Corporate foreign exchange business
SYDNEY, AUSTRALIA: OFX Group Limited (ASX: OFX) has completed the acquisition of 100% of Firma Foreign Exchange Corporation (Firma) and most of its subsidiaries. This is pursuant to the agreement announced on 20 December 2021 for OFX to acquire 100% of Firma for a total consideration of C$90m (A$98m). Firma is a global foreign exchange…
Rotala plc acquires Johnsons Henley’s entire bus service business and fleet
LONDON, UK: Rotala plc (AIM: ROL) announced the acquisition from Johnsons (Henley) Limited of its entire bus business and 20-strong fleet, for a cash consideration of £936,000 payable on completion. The business being acquired is a well-established operator of commercial and contracted bus services in Warwickshire and the southern West Midlands. The acquisition is expected…
FRP Advisory Group acquires BridgeShield Asset Management Limited
LONDON, UK: FRP Advisory Group plc, a leading national specialist business advisory firm, announced the acquisition of BridgeShield Asset Management Limited. Founded in 2014, BridgeShield provides Property Asset Management advisory services to specialist lenders nationally from its office in Leigh-on-Sea, Essex. BridgeShield’s Directors, Ben Hubbard and Nick McAuliffe will join FRP as Partners. The rest…
Industrials REIT acquires four multi-let estates for £21 million
LONDON, UK: Industrials REIT, the UK multi-let industrial (MLI) property company, has acquired four multi-let industrial estates, in Boston, Barnsley, Leeds and Stockton on Tees, for a total consideration of £20.86 million. The purchase price reflects a blended net initial yield (“NIY”) of 5.7% and an average capital value of £80 per sq ft. Totalling…
ActivePort Group acquires Future Broadband in a share-exchange deal
SYDNEY, AUSTRALIA: ActivePort Group Ltd (ASX:ATV) has acquired Future Broadband in a 100% scrip based acquisition priced at 20 cents per ATV share, creating Australia’s first fully orchestrated, end-to-end, self-service SD-WAN solution. ActivePort will acquire 100% of the shares of Digital Immortality Pty Ltd (trading as Future Broadband). Consideration for the acquisition will be the…