In a strategic move that underscores the dynamic evolution of the global speciality chemicals and ingredients sector, IMCD N.V., a prominent distribution partner and formulator, has announced its agreement to acquire ResChem Technologies Pty Ltd and ResChem Trust. This acquisition not only extends IMCD’s footprint but also enhances its technical prowess within Australia and New […]
In a chilling narrative reminiscent of acclaimed TV crime dramas like ‘Ozark,’ an Indian-origin couple based in the UK, Arti Dhir, 59, and Kavaljitsinh Raijada, 35, from Ealing, West London, have been sentenced to 33 years in prison each. Their crime? Orchestrating a multi-million-pound drug trafficking operation that spanned continents, showcasing a level of deceit […]
GlobalLogic, a leader in Digital Engineering and a part of the Hitachi Group, has announced a definitive agreement to acquire Katzion, a Sydney-based engineering firm specializing in automotive applications. This strategic acquisition marks a significant expansion for GlobalLogic in the mobility sector and will bolster its geographic presence in key markets including Australia/Asia-Pacific, Spain, and […]
Infosys revealed plans for extending its Living Labs ecosystem to accommodate Australian enterprise-ready startups to help them expedite their go to market. An announcement in this regard was made by the Indian IT giant during a launch event hosted in the Infosys Living Lab in Melbourne in partnership with Telstra Ventures. Gurpreet Ghuliani — Telstra […]
Dutch beverage solutions provider Refresco Group B.V. has agreed to acquire Tru Blu Beverages, an Australian manufacturer of non-alcoholic beverages, for an undisclosed price. Tru Blu Beverages, which is privately-owned, supplies non-alcoholic beverages to Australian retailers and brand owners. The company has a workforce of more than 400 people and has three beverage manufacturing plants […]
Lendlease, an Australian real estate company, has formed a joint venture (JV) with Mitsubishi Estate Asia for acquiring the One Circular Quay development in Sydney in a deal worth up to AUD 850 million ($577.1 million). The consideration is made up of an upfront payment of about AUD 800 million ($543.17 million) and an additional […]
EVENT Hospitality & Entertainment has agreed to sell the Rydges North Sydney hotel to JD North Sydney Services and JD North Sydney Business for AUD 75 million ($53.7 million). The buyers are subsidiaries of a Singaporean entity and investment affiliates of High Street Holdings. Previously, EVENT Hospitality & Entertainment determined that the Rydges North Sydney […]
CPB Contractors, a CIMIC Group company, has won a contract as part of a joint venture (JV) to carry out the surface civil and alignment works for the Sydney Metro-Western Sydney Airport rail link. According to CIMIC Group, the rail link is between Orchard Hills and the new Western Sydney Airport Station. The contract, which […]
Tata Consultancy Services (TCS) has launched an innovation and digital collaboration center in Australia, dubbed as the TCS Sydney Digital Garage, Powered by TCS Pace for bringing its global capabilities to the Australian market. According to the Indian IT services provider, TCS Sydney Digital Garage is the first such center in the Asia-Pacific region, which […]
PeopleIn, a workforce solutions provider, has agreed to acquire Perigon Group, a Sydney-based recruitment company, in a deal worth up to AUD 26.8 million ($19.25 million). The consideration includes an upfront payment of AUD 16 million and deferred payment of up to AUD 10.8 million, which will be contingent on the EBITDA achieved by Perigon […]