ROME: algoWatt has been awarded the first lot of a tender for the “WAMS system re-engineering and consolidation service”. The award is in a temporary association of companies (ATI) with a leading global technical and engineering consultancy company in the field of technology and innovation for the electricity sector, a news release said. The client…
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A-Mark to acquire e-commerce retailer JM Bullion
EL SEGUNDO: A-Mark Precious Metals Inc. has entered into a definitive agreement with JM Bullion Inc. (JMB), a leading e-commerce retailer of precious metals, to acquire the remaining 79.5% of the issued and outstanding shares of JMB not currently owned by A-Mark, a news release said. The proposed acquisition follows a longstanding and highly synergistic…
VerifyMe announces pricing of $8.7mn bought deal stock offering
ROCHESTER: VerifyMe Inc. has entered into an underwriting agreement with Maxim Group LLC under which the underwriter has agreed to purchase, on a firm commitment basis, 1.65 million shares of common stock of the Company, at a price to the public of $5.30 per share less underwriting discounts and commissions. The gross proceeds from the…
Mauricio Ramos elected as Chair of U.S. Colombia Business Council
LUXEMBOURG: Millicom CEO Mauricio Ramos has been elected as Chair of the U.S. Chamber of Commerce’s U.S. Colombia Business Council (USCBC). The U.S. Colombia Business Council (USCBC) is the premier business organization dedicated to strengthening the economic and commercial relationship between the United States and Colombia, while removing barriers to trade, job creation, growth, and…
Veristar LLC acquires Planet Data Solutions
CHICAGO: Veristar LLC has acquired Planet Data, accelerating the firm’s offerings and solutions for corporate legal departments and law firms, a news release said without disclosing financial terms of the transaction. Planet Data Solutions Inc. will sell its assets to Veristar. Planet Data’s Exego software division will operate under a separate Exego LLC. “We are…
Philips completes the acquisition of BioTelemetry Inc.
AMSTERDAM: Royal Philips has completed the acquisition of BioTelemetry Inc., a leading U.S. based provider of remote cardiac diagnostics and monitoring. BioTelemetry’s financial results will be consolidated as part of Philips’ Connected Care business segment as of February 9, 2021. The acquisition of BioTelemetry is a strong fit with Philips’ cardiac care portfolio, and its…
Ontario unions file evidence in lawsuit against Ford government’s wage restraint legislation
TORONTO: More than three dozen Ontario unions filed evidence in a lawsuit to repeal legislation which severely limits wage and benefit increases for public sector workers. “We have always believed that the Ford government’s attack on collective bargaining is a serious interference with the constitutionally-protected right to collective bargaining, which has repeatedly been affirmed by…
Viper Networks to expand manufacturing for 5G upgrade, new solar production
TROY: Viper Networks Inc. is upgrading their Apollo Smart Lights products with 5G technology while maintaining 4G capabilities. Viper Networks is currently seeking to expand their manufacturing capabilities for both the Apollo Smart Light products and the emerging line of new Solar Products in the Greater Detroit area, which will remain in proximity to the…
ArcelorMittal sells 40 million common shares in Cleveland-Cliffs for $651.6 million
LUXEMBOURG: ArcelorMittal North America Holdings LLC, a wholly-owned subsidiary of ArcelorMittal S.A., announced an agreement to sell 40 million Cleveland-Cliffs common shares through a fully underwritten public market offering. The transaction is a part of a combined primary and secondary public offering of Cleveland-Cliffs’ shares. This divestment crystalizes additional proceeds from the transaction with Cleveland-Cliffs…
Florence Lambert appointed CEO of Genvia clean hydrogen production technology venture
PARIS: Schlumberger New Energy, the CEA and partners have announced Florence Lambert as the CEO of the Genvia clean hydrogen production technology venture, effective March 1, 2021. Florence brings more than 20 years of experience in new energy technologies and was previously CEO of CEA-LITEN in Grenoble, France. “Florence has been a respected voice at…
Electronic Arts to acquire Glu Mobile in a $2.0 billion deal
REDWOOD CITY: Electronic Arts Inc. and Glu Mobile Inc. have entered into a definitive agreement under which Electronic Arts will acquire Glu Mobile. Under the terms of the agreement, EA will acquire Glu for $2.1 billion in enterprise value, a news release said. Glu stockholders will receive $12.50 in cash for each share of Glu…
American Pacific Borates selects Matrix Service to construct Fort Cady Borate mine
TULSA: Matrix Service Inc. has been selected by American Pacific Borates Limited for the first phase of construction of its Fort Cady Borate Mine Facility in southern California. When completed, Phase One A is targeted to produce 20,000 short tons per annum (stpa) of potassium sulfate and 9,000 stpa of boric acid, with amounts increasing…