LONDON: John Wood Group PLC (Wood) said on Friday it has agreed to sell its North American Transmission & Distribution (T&D) engineering business to Qualus LLC and 2737813 Alberta Ltd for $110 million in cash, as part of its ongoing disposal programme targeting non-core assets. The transaction, expected to close in the third or fourth…
Tag: M&A
Apax Global Alpha reports interim results amid recommended acquisition by Janus Bidco
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s NAV…
Vector Capital to acquire Showpad, merge with Bigtincan
CHICAGO: Vector Capital Management, L.P., a private equity firm specializing in transformational investments in technology, announced Wednesday it has entered into a definitive agreement to acquire Showpad, a global leader in AI-powered revenue enablement. The acquisition will pave the way for a merger between Showpad and Bigtincan Holdings, which Vector acquired in April. The combined…
Halma acquires Brownline for €150 million to bolster infrastructure technology portfolio
LONDON: Halma Plc (HLMA.L), the global group of life-saving technology companies, announced on Tuesday that it has acquired Brownline, a Netherlands-based provider of gyroscopic locating systems, for €150 million (approximately £129 million) in cash. The acquisition, funded from Halma’s existing facilities on a cash- and debt-free basis, is a strategic move to expand the company’s…
R Systems to acquire Novigo Solutions, creating $240 million agentic AI powerhouse
NEW DELHI: Blackstone portfolio company, R Systems International Limited, a global leader in digital product engineering, said Thursday it has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent automation services. The strategic acquisition will create a digital product engineering powerhouse with annual revenue of INR 20,600…
Hill & Smith posts record H1 profit, launches £100 million buyback amid strong us demand
Provider of infrastructure resilience solutions posted an 11% rise in underlying operating profit to £73.5 million LONDON: Hill & Smith PLC (HILS.L) reported record first-half results on Wednesday, buoyed by robust demand in its US infrastructure markets and improved profitability in the UK, prompting the company to announce a £100 million share buyback. “We have…
Datasite acquires Sourcescrub to expand AI-powered M&A platform
MINNEAPOLIS: Datasite, a global software-as-a-service provider specializing in artificial intelligence-powered solutions for mergers and acquisitions, announced today it has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows. The acquisition from Francisco Partners is the latest move in Datasite’s strategy to enhance its offerings for M&A professionals. The Sourcescrub acquisition follows a $500 million…
Rotork Plc reports solid H1 2025 performance, driven by growth+ strategy
Adjusted operating profit climbed 10.1% OCC to £80.8 million, with margins improving to 22.0%. LONDON: Rotork plc reported a resilient first-half performance for 2025, with strong order intake and steady revenue growth, underscoring the effectiveness of its Growth+ strategy despite macroeconomic volatility. The engineering group posted a 6.3% year-on-year increase in order intake on an…
Bureau Veritas reports strong H1 2025 results; Confirms full-year outlook amid strategic execution gains
PARIS: Bureau Veritas posted robust first-half results for 2025, fueled by strong organic revenue growth and margin expansion as the company accelerated the execution of its LEAP | 28 strategic plan. The inspection and certification giant reaffirmed its full-year outlook, citing resilient performance across regions and industries and tangible gains from ongoing performance programs. Key…
Reckitt posts strong core growth, divests essential home in strategic overhaul
LONDON: Reckitt Benckiser Group reported a resilient first-half performance as it continued to reshape itself into a leaner, health- and hygiene-focused company, posting 4.2% like-for-like revenue growth in its Core business and announcing the divestment of its Essential Home division. Group net revenue fell 2.6% to £6.98 billion due to foreign exchange headwinds, but Core…
Senior plc sells aerostructures unit to Sullivan Street Partners for up to £200 million
LONDON: Senior plc, an international manufacturer of high-technology components and systems, announced Friday it has reached a binding agreement to sell its Aerostructures business to UK-based private equity firm Sullivan Street Partners. The transaction carries a total potential enterprise value of up to £200 million ($259 million USD). The deal positions Senior to become a…
Audioboom to acquire UK podcast network Adelicious in £10 million deal
LONDON: Audioboom Group PLC (AIM: BOOM), a global podcast leader, announced Wednesday it will acquire British podcast network Adelicious Ltd for up to £10.0 million ($12.9 million), aiming to create the UK’s second-largest podcast network. The all-share transaction includes £4.5 million in initial consideration (60% cash, 40% shares), up to £3.0 million in deferred payments…