AcquisitionsBusinessEnergy

Growthpoint Properties Expands Renewable Portfolio with Major Hydroelectric Investment and Tenant-Focused Green Energy Initiative

JSE-listed Growthpoint Properties has secured a significant stake in a new hydroelectric facility while launching an innovative green energy program for its commercial tenants. The initiative marks a pioneering approach to corporate renewable energy distribution in South Africa’s property sector, according to company announcements.

Strategic Renewable Energy Investment

JSE-listed real estate investment trust Growthpoint Properties has reportedly acquired a 30% stake in independent power producer Serengeti Energy’s operational Boston Hydro plant near Clarens in the Free State, according to a joint media release from the companies. The R390-million hydroelectric facility represents a significant addition to South Africa’s renewable energy infrastructure with an operational lifespan exceeding 40 years.

AcquisitionsBusinessTechnology

Global IT Leader NTT DATA Acquires Londonderry’s Alchemy Technology Services

Londonderry’s Alchemy Technology Services has been acquired by global IT leader NTT DATA in a move expected to create significant job growth in Northern Ireland. The acquisition will establish Derry as a center of excellence for global insurance technology transformation projects.

Major Global Acquisition for Northern Ireland Tech Sector

Londonderry-based Alchemy Technology Services has been acquired by global IT and business services giant NTT DATA, according to reports from BBC Radio Foyle. The Japanese multinational IT service and consulting company stated that the move will see Alchemy’s team work on major transformation projects for insurers worldwide, marking a significant development for Northern Ireland’s technology sector.

AcquisitionsBusiness

Supreme Expands Wellness Portfolio with £20.1 Million SlimFast Acquisition in UK and Europe

British consumer goods firm Supreme has purchased SlimFast’s UK and European business in a £20.1 million deal. The acquisition comes as the meal replacement brand faces increasing pressure from pharmaceutical weight loss solutions. Supreme plans to integrate SlimFast into its expanding drinks and wellness division.

Major Acquisition in Weight Management Sector

British consumer goods company Supreme has reportedly acquired SlimFast’s UK and European operations in a £20.1 million deal, according to recent reports. The Manchester-based firm, which rescued Typhoo tea from administration last year, continues to diversify its portfolio with this strategic move into the weight management market. Sources indicate this acquisition positions Supreme to compete in a sector projected to reach £1.5 billion by 2027 despite growing competition from pharmaceutical weight loss solutions.