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Volati Divests Besikta Bilprovning With An Estimated Capital Gain Of SEK 750 Million

Tuesday, 20 Oct 2020

Oct 20 (Reuters) - Volati AB ::VOLATI DIVESTS BESIKTA BILPROVNING WITH AN ESTIMATED CAPITAL GAIN OF SEK 750 MILLION.AGREEMENT TO SELL ALL SHARES IN BESIKTA BILPROVNING I SVERIGE HOLDING AB TO APPLUS+.TRANSACTION IS TAKING PLACE AT AN ESTIMATED ENTERPRISE VALUE OF APPROXIMATELY SEK 1,050 MILLION.TRANSACTION WILL TAKE PLACE AT A PURCHASE CONSIDERATION OF APPROXIMATELY SEK 840 MILLION FOR SHARES.PURCHASE CONSIDERATION WILL BE SETTLED IN CASH.

Mutares Holding Revenues To Increase To More Than EUR 100 Mln By 2023

Tuesday, 20 Oct 2020

Oct 20 (Reuters) - MUTARES SE & CO KGAA ::MUTARES SE & CO. KGAA ON TRACK: PRIVATE EQUITY INVESTOR WITH NEW GUIDANCE - TARGETS FOR REVENUES AND NET RESULT UNTIL 2023.HOLDING REVENUES (DIVIDENDS + OTHER INCOME FROM PORTFOLIOS) SHOULD INCREASE TO MORE THAN EUR 100 MILLION BY 2023, WITH A SIMULTANEOUS GROWTH TARGET OF CONSOLIDATED GROUP REVENUES OF EUR 3 BILLION.HOLDING RESULT (EBT) TO BE TRIPLED BY 2023 FROM EUR >20 MILLION IN 2019.PROPOSE BASIC DIVIDEND OF EUR 1.00 WITH PERFORMANCE-BASED GROWTH POTENTIAL FOR FISCAL YEAR 2020.MANAGEMENT AND SUPERVISORY BOARD SEES GREAT BUYING AND SELLING OPPORTUNITIES IN TIMES OF CORONA.EXPECTS AN INCREASE IN ANNUALIZED CONSOLIDATED REVENUES TO AROUND EUR 1.8 BILLION IN 2020 AND AROUND EUR 3.0 BILLION BY 2023.TARGET FOR NET RESULT OF MUTARES HOLDING UNTIL 2023 IS AT LEAST 2% OF CONSOLIDATED REVENUES.THIS CORRESPONDS TO AN EXPECTED DIVIDEND-RELATED NET RESULT OF MUTARES-HOLDING IN FINANCIAL YEAR 2023 OF EUR AROUND 60 MILLION.

Siemens Mobility Intends To Acquire Australia's SCATS Traffic Management Provider

Tuesday, 20 Oct 2020

Oct 20 (Reuters) - Siemens AG ::SIEMENS AG - SIEMENS MOBILITY INTENDS TO ACQUIRE SCATS® TRAFFIC MANAGEMENT PROVIDER.SIEMENS MOBILITY INTENDS TO ACQUIRE ALDRIDGE TRAFFIC CONTROLLERS (ATC) BASED IN SYDNEY, AUSTRALIA.ATC IS A TRAFFIC CONTROLLER PROVIDER WITH MANUFACTURING AND ENGINEERING COMPETENCIES AS WELL AS A LICENSED SCATS® SOFTWARE DISTRIBUTOR.INTENDED ACQUISITION WILL ALLOW SIEMENS MOBILITY ITS TO ENHANCE ITS CORE BUSINESS, GAIN ACCESS TO NEW CUSTOMERS AND TO EXPAND ITS FOOTPRINT.IF ACQUISITION IS APPROVED BY AUTHORITIES, ATC WILL BE MANAGED AS A LEGALLY INDEPENDENT COMPANY UNDER ROOF OF INTELLIGENT TRAFFIC SYSTEMS BUSINESS UNIT WITHIN SIEMENS MOBILITY.

Siemens Mobility Intends To Acquire Scats Traffic Management Provider

Monday, 19 Oct 2020

Oct 19 (Reuters) - Siemens AG ::SIEMENS MOBILITY INTENDS TO ACQUIRE SCATS® TRAFFIC MANAGEMENT PROVIDER.INTENDS TO ACQUIRE ALDRIDGE TRAFFIC CONTROLLERS (ATC) BASED IN SYDNEY, AUSTRALIA.

Tata Group Says Has Not Got Any Formal Request From SP Group On Separation

Thursday, 15 Oct 2020

Oct 15 (Reuters) - Tata Sons:TATA GROUP HAS TILL DATE NOT GOT ANY FORMAL REQUEST FROM SHAPOORJI PALLONJI GROUP ON ANY DESIRE TO SEPARATE FROM TATA GROUP.TATA SONS WILL WAIT FOR COURT PROCEEDINGS TO RESUME.

Sophia Genetics Raises $110 Million In Series F Round

Thursday, 1 Oct 2020

Oct 1 (Reuters) - Hitachi Ltd <6501.T>::SOPHIA GENETICS RAISES $110 MILLION IN SERIES F ROUND.SOPHIA GENETICS - SERIES F ROUND WAS LED BY AMOON AND HITACHI VENTURES.SOPHIA GENETICS - DIDIER HIRSCH, FORMER CFO AT AGILENT, JOINS CO'S BOARD.SOPHIA GENETICS - EXISTING INVESTORS SWISSCOM VENTURES, ENDEAVOUR VISION, GENERATION INVESTMENT AND OTHERS ALSO PARTICIPATED IN ROUND.

Wärtsilä Appoints Håkan Agnevall As Next President And CEO

Wednesday, 30 Sep 2020

Sept 30 (Reuters) - Wartsila Oyj Abp ::WÄRTSILÄ APPOINTS HÅKAN AGNEVALL AS NEXT PRESIDENT AND CEO.MR AGNEVALL WILL COMMENCE IN HIS ROLE NO LATER THAN IN APRIL 2021.HE WILL SUCCEED JAAKKO ESKOLA, WHO WILL CONTINUE AS A SENIOR ADVISOR TO BOARD AND EXECUTIVE TEAM UNTIL HE RETIRES ON JUNE 30, 2021.

Ge9x Engine Achieves Faa Certification

Monday, 28 Sep 2020

Sept 28 (Reuters) - General Electric Co ::GE9X ENGINE ACHIEVES FAA CERTIFICATION.GE AVIATION - CURRENTLY CONDUCTING 3,000 HOURS OF ADDITIONAL GROUND TESTING ON GE9X ENGINE TO SUPPORT EXTENDED OPERATIONS APPROVAL.GE AVIATION - RECEIVED ORDERS AND COMMITMENTS FOR MORE THAN 600 GE9X ENGINES..

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