Sony has announced price hikes for some PlayStation 5 (PS5) gaming consoles in multiple markets, including the United Kingdom, Europe, Australia, and New Zealand. The price increases, effective Monday, come as the company grapples with what it describes as a “challenging economic environment,” citing high inflation and fluctuating exchange rates. In a blog post confirming the…
Tag: Australia
RooLife Group expands global footprint with new online stores in Australia, China, and Hong Kong
SYDNEY: e-Commerce company RooLife Group Ltd (ASX:RLG) is expanding its global presence with three new online stores launched this month in Australia, China, and Hong Kong. The company is also set to launch its new Indian RLG Marketplace in November. These new stores have generated $270,000 in product sales in October alone, highlighting the scalability…
Australia appoints VFS Global to deploy biometric collection for Sub-Saharan Africa
Government of Australia has appointed VFS Global to provide biometric collection services for Sub-Saharan Africa. VFS Global is the world’s leading outsourcing and technology service specialist for governments and diplomatic missions. This is in addition to the seven regions awarded in August 2023 to provide biometric collection services –the Americas, Mekong, Middle East and North…
SunRice Group to acquire SavourLife for A$20.3 million
SYDNEY: The SunRice Group has entered into an agreement to acquire 100% of SavourLife for A$20.3 million. SavourLife will be integrated into the SunRice Group’s CopRice business, in line with its strategic objective to further expand into the branded companion animal market. The acquisition will utilise CopRice’s existing manufacturing and nutrition capabilities, to help accelerate…
Experian signs deal to acquire illion for A$820 million
LONDON, UK: Experian, the global information services company, has signed an agreement to acquire illion, one of the leading consumer and commercial credit bureaus in Australia and New Zealand. The acquisition of 100% of illion is for a total consideration of up to A$820m (c.US$532m), payable on completion of the transaction and to be funded…
Gratifii signs deals with EML Payment to boost gift card services in Australia
SYDNEY: Gratifii Limited (ASX:GTI), a prominent loyalty and rewards enterprise, has announced the signing of two pivotal agreements with EML Payment Solutions Limited, a subsidiary of EML Payments Limited (ASX:EML). These agreements aim to enhance Gratifii’s offerings in the Australian market by delivering prepaid debit cards and expanding reward options for EML’s clientele. A 3.5-year…
SingPost to restructure into three autonomous business units
Singapore Post Ltd (SingPost) has concluded its strategic review, initiated in May 2023 with Merrill Lynch (Singapore) Pte. Ltd. (BofA Securities) as the financial advisor. The review aimed to enhance shareholder returns and ensure the Group’s appropriate valuation. Over recent years, SingPost has evolved from a traditional postal service into a technology-driven international logistics enterprise,…
Accenture Song acquires Australian consultancy, The Lumery
Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), has acquired The Lumery, a Melbourne-based marketing technology (martech) consultancy that helps leading organizations deliver seamless customer experiences and transform their marketing services, a company announcement noted. The acquisition will enhance Accenture Song’s marketing transformation capabilities and offerings in Australia, such as personalization, CRM and…
ParagonCare and CH2 announce merger to create healthcare distribution giant
SYDNEY, AUSTRALIA: ParagonCare, a leading provider of healthcare equipment and services, has agreed to merge with CH2, a national distributor of pharmaceuticals and medical products, in a deal worth $201.5 million. The merger will create a diversified and complementary healthcare distribution and wholesaling group, with combined revenues of $3.3 billion and EBITDA of $93 million…
South32 sells Illawarra Metallurgical Coal business in Australia for up to $1.65B
LONDON: South32 Limited, a diversified mining company, has announced that it has agreed to sell its Illawarra Metallurgical Coal business in Australia to a consortium of Golden Energy and Resources Pte Ltd (GEAR) and M Resources Pty Ltd (M Resources) for up to US$1.65 billion. The deal, which is expected to close in the first…
Saint-Gobain to buy Australian building products firm CSR for A$4.5bn
LONDON, UK: French construction giant Saint-Gobain announced on Wednesday that it has agreed to acquire CSR Limited, a leading Australian building products company, for A$9.00 per share in cash, valuing the deal at A$4.5 billion (c. €2.7bn). The acquisition will give Saint-Gobain a strong foothold in the attractive Australian construction market, which is driven by…
Aussie Broadband proposes to acquire Superloop in a $0.95 per share deal
SYDNEY: Aussie Broadband Limited (ASX:ABB), one of the leading broadband providers in Australia, has made a non-binding offer to buy out its rival Superloop (ASX:SLC) in an all-share transaction. The proposal values Superloop at $0.95 per share, based on the last closing price of ABB shares ($4.53 on 23 February 2024). This represents a 33.2%…