Fri, 18th Dec 2020 19:58
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Ocado Group PLC - FTSE 100-listed online supermarket - Appoints Mastercard Inc Chair Richard Haythornthwaite as independent non-executive chair. Haythornthwaite will be appointed following company s annual general meeting in May, but will join the board on January 1. He is replacing Stuart Rose, who is retiring after serving 8 years as chair. Ocado notes Haythornthwaite will retire from Mastercard, where he has served since its IPO in 2006, before joining the firm. Haythornthwaite is also the chair and co-founder of QiO Technologies Ltd, an advanced analytics and AI software company. He has previously served as CEO of listed companies Invensys PLC and Blue Circle Industries PLC. His other senior board appointments have included Cookson Group PLC, Lafarge SA, Imperial Chemical Industries PLC, Land Securities PLC,
18 December 2020 | 08:52am
StockMarketWire.com - Indoor air quality solutions group Volution said it had acquired a 75% stake in ClimaRad, a company manufacturing decentralised ventilation systems in the Netherlands, for €42 million.
The acquisition of ClimaRad complemented the existing Volution portfolio of mechanical ventilation with heat recovery and fan coils, the comapny said. Against the backdrop of additional legislation, extending the group s decentralised product range provides additional opportunity for growth across its European and UK sales channels, it added.
Under the terms of the deal, Volition will acquire the remaining 25% stake in ClimaRad - held by the co-founder, Peter Schabos, and four of the current directors and management team of ClimaRad - on or before 28 February 2025.