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…
Tag: acquires
Calnex Solutions acquires iTrinegy Limited for upto £3.5mn
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….
Weir Group acquires Carriere Industrial Supply Limited
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…
Tata Steel acquires remaining 50% interest in S&T Mining
LONDON: Tata Steel Group has acquired entire shareholding of Steel Authority of India Limited (SAIL) in S&T Mining taking group’s ownership in S&T Mining to 100 per cent. S&T Mining Company is a 50:50 joint venture company between Tata Steel Limited and Steel Authority of India Limited (SAIL). S&T Mining was incorporated on September 18,…
Aferian plc acquires AI-powered video recommendation service, The Filter
LONDON, UK: Aferian plc, the B2B video streaming solutions company, has acquired 100% of the issued share capital of Exabre Limited, trading as The Filter, a UK-headquartered AI-powered video recommendation service. The Filter generated a loss before tax of $0.5m for the year ended 31 December 2021 and had total assets of $1.0m as at…
Digital 9 Wireless acquires Leeson Telecom for €60mn
LONDON, UK: Digital 9 Infrastructure announced that its wholly owned subsidiary, Digital 9 Wireless Limited, has completed the acquisition of Leeson Telecom Limited (Host Ireland), a leading enterprise broadband provider in Greater Dublin for a total consideration of approximately €60 million. Host Ireland owns and operates the highest capacity licensed microwave-based Fixed Wireless Access (FWA)…
Left Field Printing Group acquires ScotPac Chattel Mortgages Facility
SYDNEY, AUSTRALIA: Left Field Printing Group Limited has acquired the Chattel Mortgage facility held by Scottish Pacific Business Finance Pty Ltd at its current indebtedness of ~$5M and has advanced Ovato a further $5m under this facility to assist with Ovato’s working capital. A chattel mortgage allows the buyer to use the equipment while the…
Mitie Group acquires telecoms tower design house, P2ML
LONDON, UK: Mitie Group plc has acquired P2ML, a specialist telecoms tower design house, which will further expand its Telecoms Acquisition, Design and Construction (ADC) capabilities following the acquisition of DAEL Telecoms last year. P2ML has market leading expertise in providing design, construction, inspection and maintenance services for cellular telecoms infrastructure, enabling major network operators…
Aware Super acquires additional 24.9% interest in Lendlease Retirement Living Trust
SYDNEY, AUSTRALIA: Aware Super has entered into an agreement to acquire an additional 24.9 per cent interest in the Lendlease Retirement Living Trust, having purchased an initial 25 per cent interest in March 2021. The acquisition, for a consideration of $4901 million, is expected to complete today. Upon completion, Aware Super will hold a 49.9…
SHUAA Capital acquires Allianz Marine and Logistics Services Holding
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced the acquisition of Allianz Marine and Logistics Services Holding Limited by its managed funds. The transaction is one of the largest M&A deal in the maritime offshore sector in the Middle East in recent years…
Sequoia Financial acquires Informed Investor, Sharecafe and Corporate Connect
SYDNEY, AUSTRALIA: Sequoia Financial Group Limited (ASX: SEQ) announced the successful acquisition of three inter-related businesses, Informed Investor Pty Ltd, Sharecafe Pty Ltd and Corporate Connect Research Pty Ltd. The total consideration will be approximately $5.1m with an initial payment of $3m made up of $1.1m cash and 2,720,723 Sequoia shares at $0.70 per share,…
SDI Group acquires Safelab Systems Limited for £7.7 million
LONDON, UK: SDI Group plc announced the acquisition of Safelab Systems Limited, a UK manufacturer of fume cupboards. Total consideration is forecast to be approximately £7.7 million, net of cash acquired. Highlights: · Safelab produces high specification fume cupboards and similar cabinets, for both commercial and research laboratories and with a special focus on the…