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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
HELSINKI: Alma Media has signed an agreement to acquire Nettix Oy’s entire share capital from Otava Group for EUR 170 million, strengthening its position in the marketplaces business in Finland. The acquisition strengthens Alma Media’s position in the marketplaces business in Finland, especially in automotive and mobility services. In addition, the acquisition of Nettix Oy…
SYDNEY, AUSTRALIA: : ARB Corporation Limited announced the acquisition of auto styling Truckman Group Limited. Truckman is the leading manufacturer and distributor of utility accessories in the United Kingdom, principally focused on rear of vehicle products such as canopies (hard tops), bed liners and general utility vehicle products. Truckman is the industry recognised brand leader…