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…
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…
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…
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,…
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…
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…
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…
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…
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…
SYDNEY, AUSTRALIA: Environmental Group Limited (ASX: EGL) announced the acquisition of Ignite Services Pty Ltd for a purchase price of $2.7 million. The acquisition includes all the assets of the business including working capital. The transaction will add significant strength to the EGL offering with a highly complementary service and product offering, while being earnings…
LONDON, UK: Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications sector, announced the acquisition of iTrinegy Limited. The consideration, calculated on a cash-free, debt-free basis, is £2.5 million in cash on completion with up to a further £1.0 million dependent on achievement of agreed financial targets….
LONDON, UK: The Weir Group has completed the acquisition of Carriere Industrial Supply Limited (CIS), a premier manufacturer and distributor of highly engineered wear parts and aftermarket service provider to the Canadian mining industry. Its products, which include mining buckets and lip systems, help customers increase productivity through reduced downtime and improved safety. The enterprise…