Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 250

Posts Tagged ‘acquisition’

The total purchase price of the Canmart acquisition

Posted by fidest press agency su venerdì, 3 luglio 2020

Toronto, Ontario – Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) announces that further to the press releases dated December 24, 2019 and March 3, 2020, and April 27, 2020, the Company has agreed to another extension of the binding letter of intent (the “LOI”) to acquire all of the common shares of Canmart Limited (“Canmart”), a licensed importer and distributor of cannabis based products for medicinal use (“CBPM’s”). Due to the ongoing global COVID-19 pandemic, the Company has agreed to the extension to allow both parties adequate time to complete due diligence and negotiate the definitive agreements while under shelter-in-place restrictions. While the extension grants until August 21, 2020 to finalize, the Company anticipates signing the final SPA and closing the transaction on or about July 15, 2020.The total purchase price of the Canmart acquisition is anticipated to be C$6 million, payable in Halo common shares (“Halo Shares”) and at a deemed price of C$0.35 per share, which is based on the 30-day VWAP of the Halo Shares on the NEO Exchange as of December 23, 2019, the day the LOI was originally executed (“the Consideration”). The Consideration will be paid periodically as Canmart achieves critical business milestones. Recently, Halo entered into binding agreements to acquire one dispensary in Los Angeles, three KushBar branded dispensaries, five development permits in Alberta Canada, and Canmart Limited which holds wholesale distribution and special licenses allowing the import and distribution of cannabis based products for medicinal use (CBPM’s) in the United Kingdom. Halo is led by a strong, diverse management team with deep industry knowledge and blue-chip experience. The Company is currently operating in the United States in California, Oregon, and Nevada, while having an international presence in Lesotho within a planned 200+ hectare cultivation zone via Bophelo as well as planned importation and distribution in the United Kingdom via Canmart.

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Kaman Completes Acquisition of Bal Seal Engineering, Inc.

Posted by fidest press agency su domenica, 5 gennaio 2020

Kaman Corp. (NYSE:KAMN) announced today that it has completed the previously announced acquisition of Bal Seal Engineering, Inc. (“Bal Seal”), a leader in the design, development, and manufacturing of highly engineered products including precision springs, seals, and contacts. With this acquisition, Kaman has significantly expanded its portfolio of engineered products and offerings while creating new opportunities to reach customers in medical technology, aerospace and defense, and industrial end markets.“I want to welcome all the employees of Bal Seal to the Kaman family,” stated Rick Barnhart, President, Kaman Aerospace Group. “We look forward to working with Rick Dawson and the entire team at Bal Seal to continue to build upon the history of hard work, innovation, and ingenuity that has made Bal Seal a world class supplier of seals, springs, and contacts for over 60 years.”“We are excited to welcome the Bal Seal team to Kaman as we work together to leverage our expanded portfolio of highly engineered products, proprietary technologies and deep customer relationships,” said Neal J. Keating, Chairman, President and CEO. “Together with Bal Seal, Kaman is uniquely positioned to capitalize on the significant growth opportunities across a number of attractive end markets, including the higher growth medical end market. We look forward to realizing the strategic and financial benefits of this transaction, including anticipated meaningful near-term margin and cash flow accretion.”

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Acquisition of Precisa Medical Instruments Corp. and Concurrent Private Placement

Posted by fidest press agency su venerdì, 3 gennaio 2020

Toronto, Ontario – December 30, 2019 – Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that, further to the press release dated December 23, 2019, it has closed its acquisition (the “Acquisition”) of all of the issued and outstanding common shares in the capital of Precisa Medical Instruments Corp. (“Precisa”) and has completed its previously announced concurrent private placement of 3,333,334 Halo common shares (the “Concurrent Financing”). Precisa owns the intellectual property related to and is focused on the development of the Accu-Dab THC and CBD oil oral delivery device. The Accu-Dab takes the form of a discrete pen that will allow users to pre-select various doses of measured THC or CBD from 0.01 mL to 0.60 mL for sublingual oral consumption. Through its convenient dial selection mechanism, the Accu-Dab allows for precise dispensation of THC or CBD product accurately and repeatedly to meet the consumer’s specific dosing needs.Kiran Sidhu, CEO and Co-Founder of Halo, commented, “Halo is determined to be on the forefront of cannabis innovation through developing and launching new technology tailored for convenient consumption. With the launches of the DabTabsTM Go and the ShatterizerTM in early 2019, Halo is ending the year strong with the Accu-Dab, designed for even more discretion and accurate dosing.”
Pursuant to the terms of a definitive acquisition agreement executed on December 23, 2019, as amended on December 27, 2019 (the “Agreement”), the Acquisition was completed by way of a share exchange wherein Halo, through its wholly owned subsidiary, Halo Accu-Dab Holdings Inc., acquired 100% of the issued and outstanding common shares in the capital of Precisa in exchange for 13,392,857 Halo common shares issued at a deemed price of C$0.28 per share. Upon completing of the Acquisition, Precisa became a wholly owned subsidiary of Halo Accu-Dab Holdings Inc. The Acquisition was a result of arm’s length negotiations between the parties to the Agreement.

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Murata: Notice of Acquisition of MIRAISENS, a 3DHaptics Company

Posted by fidest press agency su mercoledì, 1 gennaio 2020

Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) and MIRAISENS, Inc. (head office: Tsukuba City, Ibaraki Prefecture; CEO: Natsuo Koda; hereafter “MIRAISENS”), which offers haptic solutions technology using 3DHaptics technology*1, have signed an agreement for MIRAISENS to become a wholly-owned subsidiary of Murata Manufacturing. However, the specific terms and conditions of this agreement have not been disclosed. Demand for tactile experiences has been rising in various markets in recent years. Such markets include the entertainment sector, in which realistic gaming experiences are expected due to the spread of virtual reality and the coming expansion of 5G, and the medical sector, which requires tactile feedback for patients during remote treatment.MIRAISENS is developing 3DHaptics technology based on “Illusionary Haptics*2,” the world’s first haptic technology established on a neuroscientific basis by the National Institute of Advanced Industrial Science and Technology (Tsukuba head office: Tsukuba City, Ibaraki Prefecture; president: Ryoji Chubachi; hereafter “AIST”).2 Discovered for the first time in the world by Dr. Norio Nakamura at AIST. By generating illusions in the human brain through dermal stimuli, this technology creates a mental illusion.
MIRAISENS’s haptic solutions technology differs from conventional technology based on physical engineering, and lets humans perceive various textures and tactile sensations by generating illusions in the brain through specific stimulation patterns on the skin.
For example, this technology can make it seem as if one were actually feeling the softness or texture of objects expressed as digital content in VR games. MIRAISENS is achieving these outstanding product characteristics with small and low-cost hardware through its original programming and housing design.Through this acquisition, Murata Manufacturing aims to offer original products and services by combining the device design technology it has cultivated in its sensor and actuator business with the haptic solutions technology owned by MIRAISENS.

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Sanofi commences tender offer for acquisition of Synthorx, Inc.

Posted by fidest press agency su giovedì, 26 dicembre 2019

PARIS Sanofi announced today that it intends to commence a tender offer (the “Offer”) today to acquire all of the outstanding shares of common stock of Synthorx, Inc. (“Synthorx”) for $68 per share in cash, without interest thereon and net of any applicable withholding taxes.The Offer is being made pursuant to the Agreement and Plan of Merger, dated as of December 7, 2019 (as it may be amended from time to time, the “Merger Agreement”), by and among Synthorx, Sanofi and Thunder Acquisition Corp., a Delaware corporation and an indirect, wholly-owned subsidiary of Sanofi (“Purchaser”).The Offer is scheduled to expire one minute past 11:59 p.m., Eastern Time, on Wednesday, January 22, 2020, unless the Offer is extended in accordance with the Merger Agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”).The consummation of the Offer is subject to customary closing conditions, including the tender of at least a majority of the outstanding shares of Synthorx common stock, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and other customary conditions. Following the successful completion of the Offer, Purchaser will merge with and into Synthorx pursuant to Section 251(h) of the General Corporation Law of the State of Delaware, with Synthorx continuing as the surviving corporation and becoming an indirect, wholly-owned subsidiary of Sanofi (the “Merger”). At the effective time of the Merger, the outstanding shares of common stock of Synthorx not tendered in the Offer will be converted into the right to receive the same $68 per share in cash that they would have received had they tendered their shares in the Offer.Sanofi and Purchaser intend to commence the Offer by filing with the SEC a tender offer statement on Schedule TO. Synthorx intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the Offer. Synthorx stockholders are urged to carefully read the relevant tender offer materials (including the offer to purchase, the related letter of transmittal and the other tender offer documents when they become available), and the Solicitation/Recommendation Statement on Schedule 14D-9 once it is available, because they contain important information that Synthorx stockholders should consider before making any decision regarding tendering their shares. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, will be available to all holders of Synthorx stock at no expense to them. The tender offer materials will be available for free at the SEC’s web site at http://www.sec.gov. Additional copies may be obtained for free by contacting Sanofi at ir@sanofi.com or on Sanofi’s website at https://en.sanofi.com/investors.

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Rambus Completes Acquisition of the Verimatrix Silicon IP

Posted by fidest press agency su venerdì, 13 dicembre 2019

Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip provider making data faster and safer, today announced the completed acquisition of the silicon IP, secure protocols and provisioning business from Verimatrix, formerly Inside Secure, for $45 million at closing, and up to an additional $20 million, subject to certain revenue targets for the transferred business for the calendar year 2020. The combined portfolio of products, including the secure silicon IP and provisioning solutions from both companies, creates the most comprehensive silicon-proven security IP portfolio in the industry.

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ICON’s Acquisition of Symphony Clinical Research

Posted by fidest press agency su sabato, 26 ottobre 2019

ICON plc, (NASDAQ: ICLR) a global provider of drug and device development and commercialisation services to pharmaceutical, biotechnology, medical device industries, today announced that it has acquired Symphony Clinical Research, a leading provider of at-home patient and site support services.The acquisition, concluded in late September, further enhances ICON’s patient, site and data strategy and complements ICON’s existing PMG Research and MeDiNova Research site networks in the US and EMEA. Symphony’s services reduce the travel burden for patients which broadens ICON’s recruitable population, providing patients access to clinical research studies that they may not have otherwise been able to participate in.Headquartered in Vernon Hills, Illinois, U.S. and Gdansk, Poland, Symphony Clinical Research has been operating since 2003 and has serviced global trials in over 50 countries for biopharma companies across many major therapeutic areas, including cardiovascular, immunology, oncology and respiratory.

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MedX Holdings, Inc. (MEDH) Announces New Asset Acquisition

Posted by fidest press agency su giovedì, 17 ottobre 2019

Arizona’s saturated zone, for the purpose of targeting approximately 2 trillion gallons of pharmaceutical grade water on 163 acre parcels. This particular grade of water has already been tested for characteristics; such as, purity and high Ph factors, which makes it a highly desirable commodity for pharmaceutical and biological applications. Industry leaders retail their PHarma H2O in excess of $60.00 per gallon, and we are currently evaluating a per gallon price for our entry into this market.MedX Holdings and BioHydro will be managed by an expert with over 30 years in complex real estate transactions. These interior corporate changes will be transitioned seamlessly over the next few weeks and we encourage shareholders to follow our Twitter account for updates.The BioHydro opportunity presents a viable avenue for exponential revenue generation; which has the company re-evaluating its current residential real estate and construction subsidiaries for possible unwinding to fully focus on its entry as a service provider to the pharmaceutical industry.Stated CEO, Mark Miller: “In the coming weeks the company will be doing a series of audio interviews that will explain in greater detail the new industry sector and the opportunity for significant revenue generation. We will also be discussing the corporate changes, and why the company felt it was important to make this move.”

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Project Management Institute Announces Acquisition of Disciplined Agile

Posted by fidest press agency su martedì, 13 agosto 2019

Project Management Institute (PMI), the world’s leading not-for-profit membership association for the project management profession, today announced the acquisition of Disciplined Agile (DA). The DA toolkit is the world’s only comprehensive agile body of knowledge (BOK) that provides straightforward and practical guidance to help individuals, teams and enterprises choose their “way of working” in a context-specific way. Key principles of DA include customer centricity, being pragmatic rather than purist, providing a range of agile and lean options, applying context-based practices, and optimizing flow across the entire enterprise. Applying the DA toolkit allows organizations to customize any method or framework – such as traditional, Scrum, or SAFe – to drive outcomes that differentiate them from their competitors. The combination of these two organizations offers a unique and unparalleled value proposition to stakeholders who are committed to improving their personal, team and enterprise agility.

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Acquisition of the Assets of Novo Health Systems’

Posted by fidest press agency su venerdì, 5 luglio 2019

Salt Lake City, Utah Facility Sterile Processing Services of America (“SPSA”), a portfolio company of Pacific Avenue Capital Partners, LLC (“Pacific Avenue”), announces the acquisition of the assets of Novo Health Systems’ Salt Lake City, Utah facility, which is an outsourced provider of hospital sterilization services.Under Pacific Avenue’s ownership, SPSA has grown through a strategic emphasis on providing outsourced instrument and linen sterilization services on a long-term or emergency basis. SPSA has built a world-class team led by President Jenifer Greisen that is focused on meeting the highest safety standards while providing excellent service to the customer.
Founded in 2017 by Chris Sznewajs, Pacific Avenue Capital Partners, LLC is a Los Angeles-based private equity firm focused on corporate divestitures and other special situations in the lower middle market.Pacific Avenue’s senior team has closed over 50 transactions including 25 carve-outs across a multitude of industries, and our M&A and operations experience allows us to navigate complex transactions and unlock value through operational improvement and capital investment while accelerating growth.
Sterile Processing Services of America is a leading provider of off-site sterilization services (instruments and linen) for clinics, surgery centers, and hospital centers. SPSA services both client-owned instruments and equipment and reusable surgical packs. The company has facilities in Long Beach, CA as well as Salt Lake City, Utah.

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HFF Stockholders Approve Acquisition by JLL

Posted by fidest press agency su martedì, 2 luglio 2019

HFF, Inc. (NYSE: HF) (“HFF” or the “Company”) announced that at the annual meeting of stockholders of the Company today, the stockholders approved a proposal to adopt the Agreement and Plan of Merger, dated March 18, 2019, among the Company, Jones Lang LaSalle Incorporated (“JLL”), JLL CM, Inc. and JLL CMG, LLC, pursuant to which a wholly-owned subsidiary of JLL will merge with and into the Company.As previously announced, the Company expects the acquisition of the Company by JLL to close on Monday, July 1, 2019, after the close of regular trading hours on the New York Stock Exchange, and subject to the satisfaction or waiver of other customary closing conditions.In other matters presented at the annual meeting, stockholders voted against an advisory vote to approve the compensation that may be paid or become payable to the Company’s executive officers that is based on or otherwise relates to the merger and approved each of the other proposals presented at the annual meeting.Final voting tallies from the Company’s annual meeting of stockholders are subject to certification by the Company’s inspector of elections and will be included in a report to be filed by the Company with the Securities and Exchange Commission (the “SEC”).

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Mood Media Announces Acquisition of Leading Regional In-Store Media Firm South Central A\V

Posted by fidest press agency su domenica, 16 giugno 2019

Mood Media, the world’s leading in-store media solutions company dedicated to elevating the Customer Experience, announced today that it has acquired all assets of its largest independent affiliate, Nashville-based South Central A\V. As a Mood affiliate and with a history dating back to 1946, South Central A\V provides sight, sound, scent and audio-visual systems solutions to businesses throughout the US including Alabama, Arkansas, Florida, Illinois, Indiana, Iowa, Kentucky, Nevada, North Dakota, South Dakota and Tennessee.The acquisition is consistent with Mood’s ongoing strategic efforts to expand its core audio and visual markets, including its acquisition of Birmingham-based focus4media in July of last year.“This latest acquisition allows us to broaden our US footprint, further develop sales opportunities and solutions, and ultimately serves to support our continued worldwide growth strategy,” said Ken Eissing, Mood Media’s President. “We look forward to working together with South Central A\V’s strong leadership team to ensure continued client service excellence in the region.”
“The timing was right for both parties to enter into this new chapter,” said JP Engelbrecht, South Central Inc.’s CEO and whose family has owned the South Central A\V business for three generations. “I’m incredibly proud of what our team and our family built, but I’m also excited about the new opportunities that lie ahead for us, together.”
“As the largest Mood Independent Affiliate in North America, this newest acquisition brings together two great organizations that will no doubt strengthen our collective future endeavors,” said David Hoodis, Mood Media’s CEO. “It’s also yet another example of our ongoing efforts to expand Mood’s audio and visual markets.” For existing South Central A\V (now Mood) clients, Eissing, Hoodis and Engelbrecht noted that they will work to ensure a seamless transition without any service or agreement interruptions.

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Sodexo expands its UK home care business with the acquisition of The Good Care Group

Posted by fidest press agency su mercoledì, 10 aprile 2019

Paris / London. Sodexo, world leader in Quality of Life services, announces the acquisition of The Good Care Group, a leading player in the live-in care market in the UK.
Founded in 2009, The Good Care Group provides tailored live-in care services to consumers, in their homes, who require assistance to live independently, or, have complex care needs. It is one of the few businesses of its type to be rated ‘Outstanding’ by the Care Quality Commission in the UK.The acquisition enables Sodexo, present in the UK home care market through Prestige Nursing + Care, to expand its offer, while meeting the needs and preferences of consumers by providing high quality live-in care services, with the expertise to tailor the care for those individuals living with dementia or other specialist conditions.As the growing aging population seeks more personalized and more personable care solutions, that often means staying in the home. With this acquisition, Sodexo is expanding its services in the UK live-in care market and will be ranked second nationally in the live-in care market and among the top five in the private-paid care market.
Following the acquisition, Jonathan Bruce, currently Managing Director of Prestige Nursing + Care, will become CEO of Sodexo’s home care business in the UK, supported by Belinda Berkeley, currently Managing Director of the Good Care Group, as Managing Director. Together they will lead the strategic development of Sodexo’s UK home care business comprised of Prestige Nursing + Care and The Good Care Group. Dominique Kent, currently COO of The Good Care Group, will lead the continued growth of The Good Care Group as Managing Director and continue her role as Vice Chair of the UK Home Care Association.
Sarosh Mistry, CEO Sodexo Home Care Worldwide, said: “Both Sodexo and The Good Care Group share a common mission to help our consumers age in their homes as independently and comfortably as possible. This cultural alignment is key to Sodexo and it is its core values that makes The Good Care Group such a natural fit into Sodexo’s Worldwide Home Care business. The Good Care Group has built a very successful business in the UK, based on delivering high quality live-in care. Together, we see tremendous opportunity to offer a choice of home care solutions to consumers with complex care needs.”

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Boyd Corp’s Newest Acquisition: PiMEMS, Titanium Micro Technologies

Posted by fidest press agency su sabato, 6 aprile 2019

Boyd Corporation, industry leader in thermal management, environmental sealing and protection solutions, announced the acquisition of PiMEMS, an advanced R&D organization developing titanium micro technologies and ultra-thin devices. The acquisition is strategically aligned with Boyd’s commitment to innovation and support for next generation electronics.
PiMEMS brings intellectual property in micro and nano metal fabrication, specializing in titanium alloys, to construct metal-based micro devices. As product designers continue trending to smaller, lighter devices with greater power demands, PiMEMS technology will be invaluable in the design and manufacture of high-performance microelectronics and ultra-thin thermal solutions that can exceed evolving performance needs.“Boyd is focused on investing in forward-thinking technologies that align with our customers’ goals and trajectories. Our customers are global leaders in their industries. Our mission is to not just keep pace with their needs and requirements, but to anticipate design bottlenecks and come prepared with solutions that guarantee future success,” stated Boyd CEO Mitch Aiello. “Industries from Aerospace to Mobile Electronics consistently push for higher powered devices in more streamlined configurations, translating to thermal management demands that are lighter and more compact with enhanced thermal performance. We’ve bolstered our market-leading R&D resources with a broad portfolio of titanium micro technology that enables higher performing thermal solutions that are lighter and thinner than anything else on the market.” The addition of PiMEMS capabilities further augments Boyd’s already robust Research & Development activities in ultra-thin, high performance cooling. Dedication to innovation ensures Boyd can fully support customers’ technology growth plans and accelerated speed to market for next generation applications. The new team now operates within Boyd’s specialty thermal division, Aavid, where their capabilities complement and strengthen existing design teams and Boyd’s expansive technology portfolio.

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Zebra Technologies Completes Acquisition of Temptime Corporation

Posted by fidest press agency su mercoledì, 27 febbraio 2019

Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced that it has completed its acquisition of Temptime Corporation, a privately-held developer and manufacturer of temperature monitoring solutions for mission-critical applications in the healthcare industry. Financial terms of the acquisition are not being disclosed.
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, we deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Our market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care. Ranked on Forbes’ list of America’s Best Employers for the last three years, Zebra helps our customers capture their edge. For more information, visit http://www.zebra.com or sign up for our news alerts.

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GetSwift Announces Two Strategic Acquisitions in North America

Posted by fidest press agency su giovedì, 21 febbraio 2019

GetSwift Limited (ASX: GSW) (“GetSwift” or “the Company”), a leading provider of SaaS logistics technology, today announced the signing of a definitive agreement for the acquisition of the North American delivery management platform Delivery BIZ Pro and the acquisition of popular workforce scheduling provider, Scheduling+.Delivery BIZ Pro (“DBP”) is a privately held SaaS company based in the United States that offers a subscription-based cloud service for businesses with recurring product orders particularly within the produce, meal kit, dairy, farm-to-table, water, home and commercial delivery sectors. DBP’s platform brings together four key components that allow recurring delivery industry sectors to employ the best methodology for their logistics fulfillment.”Delivery BIZ Pro is a proven and leading delivery management system in the attractive recurring delivery market in North America,” said Bane Hunter, CEO, GetSwift. “With its diverse product offering including front-end ordering, route mapping and business intelligence, DBP and GetSwift will enable customers to have an end-to-end last mile solution in key markets. We are very excited about the potential to leverage our infrastructure and resources for our combined growth.”
Scheduling+ (“SP”) is the flagship product of a privately held SaaS company based in the United States, Web Software, LLC, that combines staff scheduling, task management, time and attendance recordkeeping, and payroll into one easy to use subscription-based cloud solution, which allows businesses of all sizes to reduce the amount of time spent on employee management and optimize human capital management.
GetSwift is a worldwide leader in delivery management automation. From enterprise to hyper-local, businesses across dozens of industries around the globe depend on our SaaS platform to bring visibility, accountability, efficiency and savings to their supply chain and “Last Mile” operations. GetSwift is headquartered in New York City and is listed on the Australian Securities Exchange (ASX:GSW). By visit GetSwift.co.

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KKR Completes Acquisition of Ramky Enviro Engineers

Posted by fidest press agency su mercoledì, 13 febbraio 2019

Global investment firm KKR and Ramky Enviro Engineers Limited (“REEL” or the “Company”), a leading provider of environmental services and solutions in India and overseas, today announced the completion of their previously announced transaction. Under the terms of the transaction, KKR has acquired a 60% stake in REEL for approximately US$510 million via a combination of primary and secondary investments. In addition to investing in REEL from its KKR Asian Fund III, the investment is part of KKR’s Global Impact strategy, which is focused on identifying and investing behind businesses with positive social or environmental impact that measurably contribute solutions to one or more of the United Nations Sustainable Development Goals.

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EverZinc Completes Add-on Acquisition of G.H. Chemicals Ltd.

Posted by fidest press agency su lunedì, 28 gennaio 2019

OpenGate Capital, a global private equity firm, announced today that its portfolio company, EverZinc, a European specialty zinc chemical business, has acquired G.H. Chemicals Ltd., and Microzinc Inc., collectively referred to as “GHC”, a Canadian manufacturer and exporter of French Process zinc oxide products. Terms of the transaction were not disclosed.GHC was established in 1974 and is based in Saint Hyacinthe, Quebec. Through its manufacturing facility, GHC produces four grades of French Process zinc oxide used for pharmaceutical and food products, as well as fertilizer and feed grades, and various grades for rubber compounding. The business was acquired from Mr. Stephan Tabah and Mr. Philippe Bailet. GHC has a seasoned team of professionals and a highly trained employee base of 58 people serving a customer base of industrial, pharmaceutical and agriculture customers.
“The acquisition of GHC is a transformational investment for EverZinc that provides product and market expansion through world class facilities in Quebec,” said Andrew Nikou, OpenGate Capital’s Founder and CEO. “OpenGate’s strategy is to build both organic and inorganic growth for the businesses in which we invest. Earlier this year OpenGate launched OGx, a new digital optimization capability, to grow EverZinc and now GHC. Through the investment in GHC, and the OGx platform, we are confident that EverZinc’s global product offering will better serve its customers.”Vincent Dujardin, CEO of EverZinc, stated, “We are excited to welcome GHC into the EverZinc portfolio and look forward to working together to leverage our respective products, processes and better serve our customer bases.”Fabien Marcantetti, Managing Director in OpenGate’s Paris office, who led the transaction, added, “We are incredibly proud of completing this acquisition as the business provides many accretive aspects to EverZinc. Stephan and Philippe have driven advancements in the business and we are looking forward to working with them in the many months ahead.”Julien Lagreze, Partner at OpenGate Capital, also commented, “The GHC transaction represents OpenGate’s second add-on acquisition which we believe further strengthens the investments acquired in our first institutional fund. I am very pleased that this is another milestone achieved within OpenGate’s investment strategy.” OpenGate has completed two add-on investments including G.H. Chemicals and Aico S.P.A, an Italian manufacturer of home heating products, an add-on to Jøtul Group, acquired in March of 2018.

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NRC Group Closes Acquisition of Quail Run Services, Leading Provider of Wellsite Wastewater Treatment

Posted by fidest press agency su venerdì, 5 ottobre 2018

Hennessy Capital Acquisition Corp. III (NYSE American: HCAC.U, HCAC, HCAC.WS) (“HCAC” or the “Company”) today announced that NRC Group Holdings, LLC (“NRC Group”) has completed the acquisition of Quail Run Services, LLC (“Quail Run”).Quail Run is a leading provider of wellsite wastewater treatment services throughout five disposal sites in the Eagle Ford Shale and Permian Basin. Its state-licensed facilities are designed to properly treat domestic wastewater and then discharge/reuse the processed effluent that meets or exceeds state-provided effluent parameters. Quail Run’s facilities are manned seven days per week by a licensed operator, and its facilities are driver-friendly with easy access and provide for simple unloading.“One of our goals at NRC Group is to help our upstream customers manage all of the waste volumes that are created by their activities in the Permian and Eagle Ford basins,” said Chris Swinbank, CEO of NRC Group. “The addition of Quail Run allows us to further those efforts by providing professional stewardship of yet another waste stream created by our existing roster of blue-chip E&P customers.” A summary of the terms of the transaction are contained in HCAC’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on October 1, 2018 on pages 120-121 under the heading “Interim Acquisition.”

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Boxlight Announces Acquisition of EOS Education

Posted by fidest press agency su mercoledì, 26 settembre 2018

Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technology solutions for the global education market, today announced it has completed the acquisition of EOSEDU, LLC (“EOS Education”), a consulting and professional development company for the K-12 education market. Boxlight acquired EOS Education for 100,000 shares of Boxlight common stock.“This addition is part of our continued effort to provide the most comprehensive solution suite in the education technology marketplace,” said Mark Elliott, CEO of Boxlight. “For technology integrations to be successful, teachers need proper training, ongoing professional development and support. By adding the EOS Education team we can immediately fill that need and provide a more robust portfolio of end-to-end services which complement our hardware and software solutions, giving educators the training they need to fully leverage the technology’s full range of possibilities.” With the acquisition, it’s expected that Boxlight’s professional services division will produce as much as 10 percent of its total revenues with gross profit margins greater than 50 percent. It also brings significant management talent to Boxlight by adding Daniel Leis and Dr. Aleksandra Leis. Together, with decades of experience managing high-growth professional services businesses in emerging markets and sectors, they will bring an incredible synergy to Boxlight. Daniel will fill the role of Vice President of Global Services for Boxlight while Aleksandra will continue in her role as the CEO of EOS Education, which will now be a wholly owned subsidiary of Boxlight.“Boxlight and EOS share a common vision of providing the right mix of tools and services to meet the evolving needs of educators and their students. We are excited to build upon the deep relationships Boxlight has with its clients and partners to ultimately deliver long-term value that benefits teachers and students,” said Daniel Leis.Dr. Aleksandra Leis added, “For years, EOS’ professional development programs have helped improve the effectiveness of teachers and increase engagement of students. Joining Boxlight gives us a pathway to dramatically increase our reach globally and the human and capital resources to continue our mission of supporting teachers as they leverage technology to improve student outcomes.”

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