LONDON: Chesnara plc announced Thursday it has agreed to acquire HSBC Life (UK) Limited from HSBC Bank plc for £260 million, in a transaction that marks the UK life insurer’s largest acquisition to date. The deal is expected to significantly expand Chesnara’s scale in the United Kingdom, adding approximately £4 billion in assets under administration…
LONDON: ADVFN PLC (AFN:JPJ) announced Monday the acquisition of the Capital Markets Group, which includes two major investor engagement platforms: Stockhouse in Canada and HotCopper in Australia. The London-based financial information company said the deal strengthens its position in the small-cap investor space, combining one of the largest retail investor communities in both markets. As…
PERTH: Civmec Limited has signed a binding agreement to acquire full ownership of Luerssen Australia Pty Ltd from NVL Australia GmbH for AUD 20 million in cash, in a strategic move to consolidate its position as a leading sovereign Australian shipbuilder. The acquisition, scheduled to close by July 1, 2025, will transfer all assets, employees…
Akasha and Wayward Brewing, Powder Monkey , Expands Australasian Portfolio , Acquisition , LONDON: Powder Monkey Group LLC (JP Jenkins PMGL:JPJ) has reached a preliminary agreement to acquire the Australian businesses of Akasha and Wayward Brewing, including selected assets and retail operations, the company announced. The deal will integrate the two renowned craft beer brands…
SYDNEY: Inventis Limited (ASX: IVT) has signed a binding agreement to sell its Electronic Circuit Designs (ECD) business and assets to ANT Software in a transaction valued at A$2.4 million, the company announced Wednesday. The sale is part of Inventis’ broader restructuring strategy aimed at improving financial flexibility and positioning the company for future growth….
LOS ANGELES: Diskover, a leader in helping enterprises manage unstructured data at exabyte scale, announced Tuesday a series of major milestones: closing a $7.5 million seed funding round, forming partnerships with Snowflake and NetApp — both of which are now investors — and acquiring data intelligence platform CloudSoda. The moves mark a significant expansion for Diskover,…
VANCOUVER: Stearman Resources Inc. (CSE:STMN) said Tuesday it has agreed to acquire all outstanding shares of NeoCore Uranium Ltd., a private British Columbia-based company holding a uranium property in Saskatchewan’s Athabasca Basin. Under the deal, Stearman will issue 7.5 million common shares at $0.05 per share to NeoCore shareholders. The transaction, expected to close by…
MELBOURNE: TALi Digital Ltd (ASX: TD1), a digital health company, has announced the acquisition of You Can Do It! Education (YCDI!), a social-emotional learning program, for $1.34 million. The deal, funded by TALi’s existing cash reserves, includes an upfront payment of $1.14 million and $200,000 in installments over 24 months. YCDI!, an Australian-based program, focuses…
OXFORD: IonQ (NYSE: IONQ), a leader in quantum computing, announced Monday it has entered a definitive agreement to acquire Oxford Ionics in a deal valued at $1.075 billion, combining cash and stock to accelerate the development of high-performance quantum systems. The transaction includes $1.065 billion in IonQ common stock and approximately $10 million in cash, subject to…
LONDON: File Forge Technology PLC, soon to be renamed Amirose London Holdings PLC, announced Friday the completion of its acquisition of Amirose London Ltd. and the admission of its enlarged share capital to trading on the Aquis Stock Exchange. The company’s 117,483,865 ordinary shares, priced at £0.05 each, began trading at 8 a.m. under the…
LONDON: Rosebank announced Thursday the acquisition of U.S.-based Electrical Components International (ECI), a market leader in critical electrical distribution systems, in a deal financed through debt facilities and a fully underwritten institutional capital raise of approximately £1.14 billion ($1.45 billion). The acquisition, Rosebank’s first under its “Buy, Improve, Sell” strategy, aims to enhance shareholder value…
LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million, the company announced today. The deal, structured through the issuance of 14,560,691 new ordinary shares in Pinewood.AI at 386.5 pence per share, values the joint…