Tag: Investment
Rafael Advanced Defense Systems Ltd. has completed the acquisition of Pearson Engineering Ltd. (PER). The acquisition was executed under a stock purchase agreement (SPA), transferring 100% of the ownership. The acquisition includes PER’s subsidiary company Responsive Engineering Ltd. RAFAEL is a world-renowned, Israeli-based defence contractor, specializing in cutting-edge, innovative defence systems, such as the famous […]
One of the North East’s most high-profile development schemes has secured an international law firm as its first occupier, seven months ahead of practical completion. DAC Beachcroft (DACB) has exchanged contracts to become the very first tenant of Bank House in Newcastle, the first of three new office buildings that will make up Pilgrim Place. The […]
Osbit, the UK-based specialist offshore equipment supplier, has successfully delivered a state-of-the-art subsea trenching vehicle to Luxembourg vessel operator, Jan De Nul. The high-powered vehicle, named Swordfish, is a purpose-built cable burial tool for the efficient protection of subsea cables that will be used on current and future wind farm projects. Swordfish is powered by […]
Visitors from Estonia, Denmark, Iceland, Latvia, Lithuania, Norway, and Sweden touched down in Newcastle this week to explore the regional clean tech and renewable energy sector and potential opportunities for international businesses. The visit was organised by Invest Newcastle, the Department for International Trade (DIT), and Invest North East England and showcased the region’s strengths […]
A North East business festival is set to return for a second time in October. Sunderland Business Festival, which ran for the first-time last year, aims to inspire enterprises from across the region, with a host of engaging speeches and sessions from high profile business leaders. The event, which comprises a range of sessions – […]
3Sixty 3PL, a North East warehouse logistics firm is celebrating a strong start to life in South Tyneside after experiencing a quick period of growth following several significant contract wins. To meet the rapid business growth and demand for its services, 3Sixty 3PL plans to open a second HQ in South Tyneside. Having opened at […]
Ideanomics Digital, which is part of the NASDAQ-listed Ideanomics group of companies, is looking to recruit 25 tech staff for its Newcastle headquarters Ideanomics Digital is focused on accelerating IT and technology innovation that enables Ideanomics to deliver on its mission of accelerating the global uptake of electric vehicles. The North East-based division provides IT and […]
A North East based immersive technology company has helped launch an Augmented Reality (AR) app to support the UK’s electrification drive. Fuzzy Logic Studio created the app as part of The Emerging Skills Project in Electrification – a national pilot geared towards making the country a world leader in battery technology, power electronics, motors and […]