DUBAI: Oman Insurance Company has completed 100% acquisition of its subsidiary, Dubai Starr Sigorta A.S.by obtaining additional 49% of issued and outstanding share capital. In 2012, Oman Insurance Company bought 51% stake in Dubai Starr Sigorta which was an auto agency based in Istanbul, Turkey with operations in Ankara, Izmir and Bursa. The company, under…
LONDON: Gresham Technologies has completed the acquisition of the entire issued share capital of Inforalgo Information Technology Limited on 28 July 2020 for a total consideration of up to £3.6 million, comprising initial consideration of £2.3 million and deferred consideration of up to £1.3 million, a news release said. The acquisition is expected to be…
SYDNEY: Imdex Limited has completed the acquisition of AusSpec International Limited following payment of A$1 million cash and A$5 million IMDEX shares, a news release said. Commenting on the acquisition IMDEX Chief Executive Officer, Paul House, reiterated AusSpec’s excellent strategic fit and world-leading expertise in automated mineralogy. “AusSpec’s unique and proven aiSIRIS platform strengthens our …
LONDON: Premier Oil Plc has signed sale and purchase agreements (SPAs) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets, reflecting the amended terms announced by the company on 5th June. This follows the receipt of creditor approval for the BP Acquisitions. The BP Acquisitions remain conditional on…
TRONDHEIM, NORWAY: OKEA ASA announced that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery, with effective date 1 January 2020. Aurora is a small gas discovery in the North Sea…
AUSTIN: NI, formerly National Instruments, announced it has officially closed the acquisition of OptimalPlus, a global leader in data analytics software for the semiconductor, automotive and electronics industries. Companies are looking for new and innovative ways to apply digital transformation initiatives to their businesses to combat increasing complexity and get new innovations to market faster….
WESTMINSTER: Maxar Technologies announced that it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing. Vricon is a global leader in satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D…
LONDON: Gamma Communications plc, a leading technology-based provider of communications services, announced that it has acquired 80% of the issued share capital of HFO Holding AG (HFO) on 1 July 2020, and has an option to acquire the remaining 20% over the next three years. The acquisition is expected to be earnings enhancing immediately from…
MUNICH: Mutares SE & Co KGaA has successfully completed the acquisition of certain Cooper Standard activities in Poland, Italy, Spain and India. With the completion of the acquisition, the company will operate under the new name SFC Solutions. SFC Solutions employs around 2,500 employees at six locations in Europe and seven production sites in India…
PERTH: Spirit Telecom announced that it has completed the acquisition of VPD Group. The acquisition of VPD Group is Spirit’s most transformational transaction to date. This highly strategic move will see Spirit create a new wholesale business: Spirit Partners to focus on distributing its range of products via channel partners across Australia. The acquisition assists…
SAN RAMON: Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU$425 million. The acquisition adds a network of more than 360 company-owned…
LONDON: Liontrust Asset Management, the specialist independent fund management group, has entered into a conditional sale and purchase agreement with Architas Limited to purchase entire issued share capital of Architas Multi-Manager Limited (AMML) and Architas Advisory Services Limited (AASL), together, the Architas UK Investment Business for a total consideration of up to £75 million. The…