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Tantalum, a specialist in connected car software and payments, has sold Tracker, its UK stolen vehicle recovery business, to CalAmp. The sale follows swiftly on Tantalum’s acquisition of Springworks, a Stockholm-based connected car software house.
The sale of Tracker and Tantalum’s restructuring enables the enlarged group to deliver global connected car software and payments opportunities with its partners, such as its current rollout with AT&T across the US, with Telia in Scandinavia, and with Swisscom and AMAG across Switzerland.
Tantalum is building out the infrastructure to connect vehicles and their users to a global ecosystem. This ‘connectivity to payment’ ecosystem enables the in-car delivery and payment of services, from a network of service providers that can be used by individuals, cities, states, and private actors to access, for example, insurance, roadside assistance, parking, car-pooling and fuelling.
Tantalum CEO, Erik Ramberg, says: “Scale is essential to success, not only to this venture, but for the connected car as a whole. By bringing together leading players we have the opportunity to create a trusted neutral platform with our payments engine, Pay.Car, at its heart. Tantalum’s services can be used by everyone across the industry, and across the globe, to create a unique ‘connectivity to payment’ for the future of the connected car.”
Disruptive, Tantalum’s lead investor, is retaining access rights to the low powered wide area network (LPWAN) operated by Tracker, which offers comprehensive 99 per cent coverage of the UK and is already in use to create an “IoT mesh network”.
Tantalum Investor Director, Lincoln Jopp of Disruptive Capital, says: “The sale of Tracker enables Tantalum to concentrate on rolling out world class software and payments via the world’s OEMs and Telcos. The sale made good strategic sense and good business sense. Combined with the sale of the fleet services from Tracker to Movil, it represents a healthy 8.1x return on our original investment from when we acquired Tracker from Direct Line in 2014. Disruptive backs great management and we commend the team at Tracker for transforming it over the past five years.”
Tantalum, a specialist in connected car software and payments, has sold Tracker, its UK stolen vehicle recovery business, to CalAmp.
Global Interconnection Group (GIG) is delighted to have signed an exclusivity agreement with a major UK energy company to explore collaboration on the Atlantic SuperConnection interconnection project.
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Pension SuperFund Capital, which oversees UK commercial pension consolidator Pension SuperFund, has reached an agreement to acquire the parent group of Options Pensions, STM Group, for £35.6m.
The purchase was made through the Pension SuperFund Capital acquisition arm Bidco. It is expected that if the full value is delivered by the deferred consideration units (DCU), the acquisition value could rise to £39.8m, it was announced this morning.
The scheme shareholders will also be entitled to receive 60 pence per share in cash, rising to 67 pence per share if full value is delivered by DCU.
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ViroCell’s manufacturing operations are housed within Great Ormond Street Hospital’s state-of-the-art GMP accredited unit for manufacturing cell and gene therapies, the Zayed Centre for Research
London, UK and New York, US, 1 November 2023 – ViroCell Biologics (“ViroCell” or the “Company”), a specialist contract development and manufacturing organisation (“CDMO”) for cell and gene therapy (CGT) clinical trials, announces that the Company is now able to manufacture and globally export viral vectors from Great Ormond Street Hospital’s (GOSH) state-of-the-art manufacturing facility, the Zayed Centre for Research, for use in clinical trials. This follows the grant of a Manufacturer’s Authorisation License (MIA) to GOSH to manufacture viral vectors by the UK’s Medicines and Healthcare products Regulatory Agency’s (MHRA).
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An experienced team of Private Markets analytics specialists supporting the industry renowned work of Professor Oliver Gottschalg of HEC Paris is delighted to announce the launch of Gottschalg Analytics as an independent second-generation provider of performance intelligence services for the Private Markets.
Pension Insurance Corporation Group Limited1 ('PICG' or the 'Company'), ultimate parent company of Pension Insurance Corporation plc ('PIC'), the specialist insurer of UK defined benefit pension schemes, today announces its final results for the 12 months to 31 December 2022.
DCAC announced proposals to form the Advanced Cables Business Combination in the press release issued by the Company on 20th February 2023. The DCAC Board has now decided to expedite the proposals, and DCAC has therefore agreed an exclusive option to acquire the holding company of Advanced Cables, Global InterConnection Group SA (“GIG” or the “Target”). Besides Advanced Cables, GIG is also the holding company of ASC Energy Limited. It is intended that DCAC will be renamed "Global InterConnection Group Limited" on completion of the Business Combination.