LONDON: Oriole Resources PLC has secured a controlling position in Reservoir Minerals Cameroon Sarl (RMC Sarl), a former subsidiary of Bureau d’Etudes et d’Investigations Géologico-minières, Géotechniques et Géophysiques SARL (‘BEIG3’), for its early-stage exploration licences in Cameroon. Following completion of an initial funding commitment of US$1.56 million over two years at the Bibemi and Wapouzé…
Tag: acquires
LafargeHolcim acquires Firestone Building Products
PARIS: LafargeHolcim announced that its Holcim Participations (US) Inc. subsidiary has successfully completed the acquisition of Firestone Building Products, following all regulatory approvals. The transaction closed earlier than expected due to smooth collaboration with Bridgestone and all 1,900 employees will be joining LafargeHolcim. Jan Jenisch, LafargeHolcim CEO: “I warmly welcome the Firestone Building Products team…
Orkla acquires India based Eastern Condiments Private Limited for NOK 2.4 billion
OSLO: Orkla ASA has completed the purchase of 67.82 percent of the shares in India based Eastern Condiments Private Limited at an enterprise value of NOK 2.4 billion. With this acquisition, Orkla will be a major employer in India, owning nine factories in six states which cater to the whole of India as well as…
Hornetsecurity acquires Canadian firm, Zerospam
PITTSBURGH: Hornetsecurity Group, a leading cloud email security provider, has acquired Zerospam, email protection specialists headquartered in Montreal, Canada. Zerospam is a fast-growing business that serves more than 4,000 small, midsized and enterprise customers worldwide via an ecosystem of 400+ partners focused primarily on Canada and the US. It is a recognized leader in providing…
Keywords Studios acquires 85% interest in Tantalus Media for up to $46.8 million
LONDON: Keywords Studios has acquired an 85% interest in Tantalus Media for a total consideration of up to US$46.8 million. The investment will further the Group’s strategy to become the ‘go to’ technical and creative services platform for the global video games industry and marks Keywords Studios’ entry into the Australian video games market. Founded…
National Grid acquires PPL WPD Investments for £7.8 billion, sells Narragansett Electric for $3.8 billion
LONDON: National Grid plc has agreed to acquire PPL WPD Investments Limited, the holding company of Western Power Distribution (WPD), for an equity value of £7.8 billion and National Grid has agreed to sell The Narragansett Electric Company (NECO) to PPL Energy Holdings for an equity value of US$3.8 billion. In addition, National Grid announces…
LondonMetric Property acquires two properties in Milton Keynes for £31 million
LONDON: LondonMetric Property Plc has acquired two warehouses in Milton Keynes for £31.2 million, reflecting a blended net initial yield of 4.4% and a reversionary yield of 5.0%, a news release said. The buildings have a WAULT of 22 years and benefit from contractual rental uplifts. The two properties have been acquired in separate transactions…
SailPoint Technologies acquires ERP Maestro
AUSTIN: SailPoint Technologies Holdings announced the completion of its acquisition of ERP Maestro, an early stage SaaS governance, risk and compliance (GRC) solution. With this acquisition, SailPoint unites identity security with separation of duties (SoD) access controls monitoring for an organization’s most critical applications, like SAP. This integrated approach addresses the growing risk of over-permissioned,…
Stenprop acquires three multi-let industrial estates
LONDON: Stenprop Limited has acquired three multi-let estates as it remains on target to be a fully focused MLI REIT by the end of the next financial year, a news release said. The three in Newcastle, Bromborough and Bradford, have been purchased in separate transactions for a total consideration of £18.4 million, reflecting a net…
Ideagen Plc acquires Qualtrax Inc. for $14.9 million
LONDON: Ideagen Plc, a leading supplier of regulatory and compliance software, announced the acquisition of Qualtrax Inc to further extend the Group’s presence in the United States for a total net cash consideration of approximately $14.9 million. Founded in 1993, Qualtrax is a provider of QHSE (quality, health, safety and environmental) compliance software specialising on…
Olvi Plc acquires Piebalgas Alus, a microbrewery in Latvia
HELSINKI: Olvi plc’s Latvian subsidiary AS Cesu Alus is acquiring the entire stock of Piebalgas Alus, a widely known and appreciated microbrewery in the Vidzeme province of Latvia. The acquisition brings more strength to our product portfolio in premium craft beers and kvass in the retail and HoReCa markets. The Piebalga brewery was established in…
Contango Holdings acquires Ntiela Gold Project in Mali for £0.75 million
LONDON: Contango Holdings Plc announced the acquisition of the Ntiela Gold Project in Mali, which is contiguous to the company’s existing Garalo Gold Project. Carl Esprey, Chief Executive Officer of Contango Holdings, said: “Our Garalo Gold Project is on track to deliver first gold by the end of this year and I am pleased to…