LONDON: The Watches of Switzerland Group (WOSG) announced the acquisition of Hodinkee, the pre-eminent global digital editorial content provider and gateway for luxury watch enthusiasts. One of the Group’s stated Long Range Plan objectives is to leverage existing growth opportunities by growing sector leadership online, and this acquisition will further enhance the Group’s ability to capture market…
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Good Energy acquires Amelio Solar for £5.5 million
LONDON: Good Energy Group PLC (AIM: GOOD), a leading renewable electricity supplier and innovator in clean energy services, has announced the acquisition of Amelio Enterprises Limited, known as Amelio Solar. Nigel Pocklington, CEO of Good Energy, commented: “Amelio Solar is a perfect fit for Good Energy as we continue to grow our clean energy service…
Smiths Group acquires Modular Metal Fabricators and Wattco Inc. for £110 million
LONDON: Smiths Group plc, a leading industrial technology company, announced today that it is acquiring two North American companies, Modular Metal Fabricators, Inc., and Wattco, Inc. for a combined purchase price of up to £110m. These two companies will be integrated respectively into the Heating, Ventilation & Air Conditioning (HVAC) and electrical heating solutions platforms…
Johns Lyng acquires Queensland based Keystone Group for $47.7 million
SYDNEY: Johns Lyng Group (ASX: JLG) announced the acquisition of an 87.5% controlling equity interest in Queensland-based Keystone Group – one of Australia’s leading Insurance Building & Restoration Services (IB&RS) businesses. Keystone services a recurring blue-chip customer base providing insurance repairs, restoration and hazardous material removal through its subsidiaries, Rizon, Remeed, and Corvex. Over recent…
evoke plc acquires New Gambling Solutions operates Winner.ro
LONDON: evoke Plc (LSE: EVOK), a betting and gaming company announced the acquisition of New Gambling Solutions S.R.L (NGS), which operates Winner.ro, the #7 online betting and gaming operator in Romania. evoke will inject its Romania business plus a cash consideration of €10 million (on a debt-free, cash-free basis) in exchange for a 51% share in the…
Caledonia Investments acquires Direct Tyre Management for £55m
LONDON: Caledonia Investments has invested £55m to acquire a majority stake in Direct Tyre Management Limited (“DTM”), the UK’s leading independent provider of outsourced tyre management services to fleet operators. The management team has reinvested alongside Caledonia to acquire 100% of the Business from investors including Palatine Private Equity. The acquisition exemplifies Caledonia’s strategy of…
Vinyl Group acquires Mediaweek for $1 million
Melbourne, Australia: Vinyl Group (ASX: VNL), Australia’s only ASX-listed music company, has executed a binding Heads of Agreement to acquire Mediaweek from Chattr Pty Ltd. Mediaweek is a leading media trade publication in Australia in both readership and industry respect. The company was founded in 1990 and has a monthly average readership of 300,000 unique…
Hill & Smith acquires Trident Industries for upto $46 million
LONDON: Hill & Smith plc, the international provider of sustainable infrastructure products and services, announced the acquisition of Trident Industries LLC. The group has completed the acquisition of the business and assets of Trident for an initial cash consideration of $13.5m (c.£10.6m), on a debt and cash free basis. Further cash consideration of up to $32.5m…
Mueller Industries acquires Elkhart Products Corporation
Mueller Industries Inc. (NYSE: MLI) has acquired Elkhart Products Corporation (EPC), a U.S. manufacturer of copper solder fittings, with two manufacturing locations in Elkhart, Indiana, and Fayetteville, Arkansas. Regarding the acquisition, Greg Christopher, Mueller’s CEO said, “We expect the addition of EPC to significantly accelerate the recovery of our Covington, Tennessee -based copper fittings business,…
Canva acquires generative AI company Leonardo.Ai
PERTH: Canva, a world leader in visual communication with more than 190 million monthly active users, today announced plans to acquire Leonardo.AI. “With Leonardo.Ai’s incredible foundational model, and team of 120 high-caliber researchers, engineers, and designers, this acquisition bolsters our ability to supercharge our growing suite of AI products while investing in continued research and innovation…
Pelican Energy Partners acquires MillenniTek LLC
HOUSTON: Pelican Energy Partners announced the acquisition of MillenniTek, LLC. Headquartered in Knoxville, Tennessee, MillenniTek is a premier developer, manufacturer, and supplier of advanced materials for the nuclear energy industry. Since its inception in 2010 as a carve-out of Dyson Group PLC, the Company’s management team has successfully introduced new ceramic product lines and doubled overall…
NatWest Group acquires Metro Bank’s £2.5 portfolio of UK residential mortgages
LONDON: NatWest Group plc has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in…