MOSCOW: X5 Retail Group became the largest digital company in the Russian online food retail segment in 2020, according to Infoline. X5’s online GMV1 for FY 2020 totalled RUB 21.9 billion (including VAT); this includes RUB 15.0 billion from the…
LONDON: JTC Plc has acquired INDOS for a maximum consideration of £12.5 million, a news release said. The initial consideration is £11m which will be settled in cash £10m and JTC equity £1m. A further £1.5m deferred consideration is available…
LONDON: Mode Global Holdings is set to launch its novel payments and loyalty solution powered by Open Banking in Q2 2021, providing merchants with an alternative to rising card interchange fees and boosting loyalty amongst consumers, a news release said….
LONDON: Learning Technologies Group (LTG) has agreed to acquire getBridge LLC and related assets from Instructure Inc for a cash consideration of $50 million. Bridge is a learning, performance and skills development platform for mid-enterprise organisations, headquartered in the US…
ZURICH: Robert Karofsky has been appointed sole President UBS Investment Bank, following Piero Novelli’s decision to retire, a news release said. Novelli will step down as Co-President Investment Bank on 31 March 2021. Together, Karofsky and Novelli successfully reshaped the…
LONDON: MESH Holdings plc and AAQUA BV have entered into a definitive sale and purchase agreement (SPA) to jointly acquire Sentiance NV, a news release said. Upon completion, MESH will increase its holding in Sentiance to 80% on a fully…
LONDON: Jim McCarthy, will be stepping down from his position of Chairman Wynnstay Group Plc at the forthcoming annual general meeting on Tuesday, 23 March 2021, a news release said. Jim will be succeeded by Steve Ellwood, Non-executive Director, who…
OSLO, NORWAY: TietoEVRY has reached an agreement with Aucerna to sell its Oil & Gas software business, a news release said. This divestment is part of the company’s strategy to seek focus and scale. Through this transaction, the Oil &…
OSLO: Play Magnus Group and Aker BioMarine have signed a four-year agreement for LYSOVETA by Aker BioMarine to serve as the Official Learning Partner for the Meltwater Champions Chess Tour, a news release said. Aker BioMarine is committed to improving…
DOHA: Qatar Islamic Bank completed with HSBC Bank Middle East its first Islamic Trade Facility in MENAT valued at USD 100 million, in January 2021. The Financial Institutions Refinance trade facility is a new addition to HSBC Bank Middle East’s…
HOUSTON: Siemens Energy has signed an agreement with Canada-based TC Energy Corporation to commission first of its kind waste heat-to-power pilot installation in Alberta, a news release said. The facility will capture waste heat from a gas-fired turbine operating at…
BROOKLYN: Easyship, the leading shipping software for eCommerce, is also now an Accelerate Partner in the Adobe Exchange Partner Program. With Easyship’s full-service shipping solutions, Magento customers will now have ownership of the entire shipping process and be able to…