OSLO: Elop AS and DEKRA Visatec GmbH entered LOI with intention to finalize commercial agreement in august and to launch their new combined solution in the market early next year. The two companies intend to combine Elop’s patented rolling ultrasound…
TRONDHEIM: Ørn Software has signed an agreement to acquire the Norwegian Quality Management Software-as-a-Service (SaaS) company Landax, a news release said. The transaction is based on an enterprise value of NOK 95 million and implies a multiple of 4.5x on…
LOS ANGELES: A subsidiary of Ares Management Corporation (NYSE: ARES) has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment management firm (Black Creek), a news release said. The transaction consideration will include…
SINGAPORE: Zhang Yiming, founder of ByteDance Ltd., will step down from his role as chief executive officer, media reported. The owner of the popular short-video app TikTok says human resources chief Rubo Liang will become the new CEO. Zhang Yiming…
SILICON VALLEY: Nanosys Inc., supplier of quantum dot light emitting materials and technology, announced the acquisition of glō, the leading technology company for microLED displays. The transaction significantly expands Nanosys’ capabilities and technology offerings, accelerating the company’s development and progress…
LONDON: H.I.G. Capital’s affiliate has signed a definitive agreement to acquire Travis Perkins Plc’s Plumbing & Heating business, a news release said. The divestiture is valued at approximately £325 million, and the transaction is expected to be completed within the…
ARLINGTON: Steven Schneider, former chief executive at Logi Analytics, joined Phone2Action as CEO while Co-Founder Jeb Ory transitions into a new role as President and Chief Strategy Officer. Phone2Action, the leading public affairs and government relations technology platform, has expanded…
OSLO: The Financial Supervisory Authority of Norway (NoFSA) has now granted the necessary permits to carry out the merger between SpareBank 1 BV and Sparebanken Telemark in accordance with a decision made by the banks’ Supervisory Board on 25 March…
LONDON: Kistos Plc (LON: KIST) announced the completion of the acquisition of the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. Kistos has committed to ensuring its Scope One Emissions are net zero from completion. The producing…
PARIS: Jacques Bogart has submitted a firm offer to acquire a portion of the assets of fragrance boutique chain Nocibé in France, a news release said. Nocibé posts turnover of around €1 billion through a chain of around 600 sales…
LONDON: Yew Grove REIT plc (LON:YEW) has exchanged contracts for the purchase of an industrial building in Dundalk and two adjoining office properties in Citywest Dublin. In Dundalk, the Company has exchanged contracts on Tanola House on Coes Road, Dundalk,…
LONDON: LondonMetric Property Plc announced the acquisition of two vacant London warehouse assets in Brent Cross and Streatham for a combined purchase price of £13.5 million. The Company has agreed a new 20 year lease with Jacuna Kitchens across c.75%…