LONDON: XPS Pensions Group has entered into an agreement to acquire the entire issued share capital of Polaris Actuaries and Consultants Limited, a highly regarded UK insurance consultancy business with a blue chip client base. The acquisition will materially accelerate the Group’s strategy of becoming a leading player in the fragmented UK Insurance Consulting market. …
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Esyasoft agrees to acquire Good Energy in £99.4 million deal
LONDON: Esyasoft and Good Energy have reached an agreement on the terms of a recommended cash offer by Esyasoft for the entire issued and to be issued ordinary share capital of Good Energy, the companies announced Monday. The transaction will be carried out through a Court-sanctioned scheme of arrangement under Part 26 of the Companies…
EnQuest agrees to acquire Harbour Energy’s business in Vietnam
LONDON: EnQuest has signed a Sale and Purchase Agreement to acquire Harbour Energy’s business in Vietnam, which includes the 53.125% equity interest in the Chim Sáo and Dua production fields. This transaction aligns with the Group’s strategic aim to grow its international operating footprint by investing in fast-payback assets, with low capex and reduced carbon…
Findi Limited agrees to acquire BankIT Services for A$30 million
SYDNEY: Digital payments and financial services provider Findi Limited (ASX: FND) announced Tuesday that it has agreed to acquire BankIT Services Pvt. Ltd. for A$30 million. The acquisition will be made through Findi’s majority-owned subsidiary, Transaction Solutions International (India) Pvt. Ltd. BankIT, a profitable digital financial products distributor founded in 2010 by Amit Nigam, is…
Aviva agrees to acquire Direct Line Insurance Group in a £3.7 billion deal
LONDON: Aviva Plc has announced that it has reached an agreement on the terms of a recommended cash and share offer for Direct Line Insurance Group. The acquisition deal outlines that for each Direct Line share held, shareholders will receive 0.2867 new Aviva shares, 129.7 pence in cash, and up to 5 pence in dividend…
Reckon to acquire Cashflow Manager and OKKE accounting and payroll software businesses
SYDNEY: Reckon Limited (ASX: RKN) has entered into an agreement with Money Management Group Pty Ltd and its UK subsidiary Money Management Group (UK) Limited to purchase Cashflow Manager and OKKE, Adelaide based accounting and payroll software businesses. Reckon anticipates the acquisition completing in early January 2025. Cashflow Manager’s flagship product is its namesake desktop…
Cirrus Networks Holdings agrees to acquire Auckland based Plan B
SYDNEY: Atturra Limited (ASX: ATA), a leading technology services business in designing, implementing, and maintaining IT solutions, announced that its subsidiary, Cirrus Networks Holdings Pty Ltd, has exchanged a Share Sale Agreement (SSA) to acquire Plan B. Proceeds from the recent capital raise will be used to fund the purchase price for the acquisition. Auckland…
Nanoveu Limited agrees to acquire Embedded A.I. Systems (EMASS) for A$5 milion
SYDNEY: Nanoveu Limited (ASX: NVU) has reached an agreement to acquire 100% of the fully paid ordinary shares in Embedded A.I. Systems Pte. Ltd (EMASS), which holds a proprietary, semiconductor system on a Chip (SoC) business and intellectual property (IP) portfolio. This acquisition is a key milestone in Nanoveu’s strategic growth, enabling the integration of…
Mondi plc agrees to acquire operations of Schumacher Packaging
LONDON: Mondi plc has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition will expand Mondi’s corrugated footprint in Western Europe and add complementary fibre-based products, focused on eCommerce and FMCG, to enhance its existing customer offering. Today’s announcement is in line…
NewRiver REIT agrees to acquire Capital & Regional plc in a £147 million deal
LONDON: NewRiver REIT plc and Capital & Regional plc have agreed on a cash and share offer, where NewRiver will acquire the entire share capital of Capital & Regional. This merger will be executed through a scheme of arrangement under Part 26 of the Companies Act. For each Capital & Regional share, shareholders will receive…
Telix Pharmaceuticals agrees to acquire RLS USA for upto $250 million
MELBOURNE: Telix Pharmaceuticals Limited (ASX: TLX) has signed an agreement to acquire RLS (USA) Inc., from its parent company, RLS Group Ltd. The acquisition significantly expands Telix’s North American manufacturing footprint and establishes the basis of a next generation radiometal production network to benefit Telix and select strategic commercial partners. The acquisition of RLS is…
Volution Group agrees to acquire Fantech Group for A$280 million
LONDON: Volution Group plc has signed an agreement to acquire the Fantech Group of companies from the owners of the UK based Elta Group Ltd. The Group has signed an agreement to acquire 100% of the holding company of the Fantech Australasia business for an initial consideration of AUD$220 million (£112.9 million) on a debt/cash…