VANCOUVER: Icanic Brands Company has signed a binding LOI to acquire De Krown Enterprises LLC, a California based leading cannabis white label manufacturer and brand owner. De Krown is led by a team of successful and tenured executives from the California cannabis space as well as proven entrepreneurs in various other fields. The Company has…
Tag: acquisition
Xstate closes acquisition of oil and gas producing assets
SYDNEY: Xstate Resources Limited has closed on the acquisition of a 10% Working interest (WI) in oil and gas producing assets (Alberta Plains Assets) in southern Alberta, Canada. Plans for the acquisition were previously reported on 28 January 2021. The assets consist of oil and gas fields and associated production equipment, located between Edmonton and…
ZeUPay completes CDN $8.125 million acquisition of Prego International Group
MONTRÉAL: ZeU Technologies Inc. has executed the definitive agreement to acquire all of the issued and outstanding shares of Prego International Group AS, through ZeUPay Corp., a wholly-owned subsidiary of ZeU Technologies for a total consideration of CDN $8.125 million. Prego brings a highly complementary product portfolio and customer base to ZeU’s business. With sales…
UAE market remains optimistic on an economic recovery in 2021
DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu Dhabi peer rallied 12.2% over the same period. “We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance,” Al…
CorEnergy announces $350 million acquisition of Crimson’s California pipeline assets
KANSAS CITY: CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California…
Checkit plc announces acquisition of Tutela LLC
LONDON: Checkit plc announced the acquisition of the entire issued share capital of its US based sole distributor Tutela Monitoring Systems LLC including cash of approximately $0.25m in Tutela as at the date of completion for a total upfront cash consideration of $0.85 million. The acquisition has been funded from the Group’s existing cash resources….
ForFarmers closes previously announced acquisition De Hoop Mengvoeders
LOCHEM: ForFarmers has closed the acquisition of De Hoop Mengvoeders (De Hoop), which had already been announced on 19 October last year. The required permits have been granted by the Dutch and German competition authorities and other conditions precedent have also been met. The acquisition price comprises a fixed amount of €23 million and a…
PGT Innovations completes acquisition of 75% Stake in Eco Window Systems
VENICE: PGT Innovations Inc. has completed its acquisition of a 75% ownership stake in Eco Window Systems and its related companies. Eco is a leading manufacturer and installer of aluminum, impact-resistant windows and doors serving the South Florida region. “This acquisition further advances our strategy of expanding and diversifying our product lines with strong brands,”…
Lok’nStore Group announces acquisition of trading store and sale of land
LONDON: Lok’nStore, the fast-growing self-storage company, has acquired the Lok’nStore managed store in Chichester and sold its freehold land site at Pantheon Park, Wolverhampton. The five-year old Chichester Store will be acquired for £4.025 million (as independently valued by Jones Lang LaSalle Limited). The Company will pay in aggregate, approximately £4.16 million in cash with…
Marlowe Plc announces £10 million acquisition of WPL Limited
LONDON: Marlowe plc, the UK leader in business critical services and software which assure safety and regulatory compliance, has acquired WPL Limited for an enterprise value of £10 million. Founded in 1991 and headquartered in Hampshire, WPL is a leading provider of wastewater treatment and compliance services across the UK. For the year to 31…
Stenprop announces acquisition of 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. The three estates in Edinburgh, Cardiff and Wigan have been purchased in separate transactions for a total consideration of £11.82 million. This brings the total number of…
PRS REIT announces £19 million acquisition
LONDON: The PRS REIT announced the acquisition of a fully-let development of 123 new homes in Greater Manchester for £19m from BlackRock Real Assets. The transaction marks the full commitment of the PRS REIT’s funding resource of £900m (gross), and accelerates income delivery for the Company. This is in line with the stated intention of…