Schneider Electric Acquires SolveIT Software

3rd Sept 2012. Schneider Electric (SU:EN Paris), a French global specialist in energy management, has signed an agreement to acquire SolveIT Software (SolveIT), an Adelaide -headquartered scientific software provider specialising in supply & demand chain optimisation and predictive modelling. Terms for the acquisition have not been disclosed. SolveIT employs approximately 150 people. Its applications are […]

Redflex Shareholders Reject Revised A$300m Bid From Macquarie and Carlyle

9th May 2011. At a Scheme Meeting of Redflex Holdings Limited (“Redflex”, ASX:RDF), held in Melbourne today, Redflex’s shareholders voted against the scheme of arrangement announced to ASX on 21 February 2011 under which an entity associated with The Carlyle Group and Macquarie Group Limited (“RoadSafety Holdings”) proposed to acquire all of the issued ordinary […]

Inventis Sells Technology Division for US$23m

11th Feb 2011. Diversified furniture and technology company Inventis Limited (ASX: IVT), has announced that an agreement has been reached with Aschmoun (UK) Limited and Serdonko Limited (an offshore private consortium) (collectively referred to as the “Buyer”) to acquire the Technology Division of Inventis, which incorporates Inventis Technology Pty Limited; and Opentec Solutions Pty Limited; […]

Vix Technology (ERG) Acquires UK Intelligent Transport Specialist ACIS

31st Aug 2010. Vix Technology has announced the acquisition of ACIS, a leading international provider of Intelligent Transportation Solutions (ITS) and Real Time Passenger Information (RTPI) systems, headquartered in Cambridge, UK. Financial terms have not been disclosed. Vix Technology through its subsidiary VIX ERG is a major global player in the passenger transit ticketing industry, […]

ERG to Sell Operations to a JV (Videlli) and Restructure A$115m Debt

18th April 2008. ERG Limited today announced a restructure of its operations to facilitate a major recapitalisation following the loss of its major contract for the supply of an automated ticketing system in Sydney. In a proposal expected to be voted on by shareholders in the September 2008 quarter, ERG will sell its ongoing global […]