Proposed Cleanaway acquisition of Contract Resources not opposed The Australian Competition and Consumer Commission (ACCC) said on Friday that it will not oppose Cleanaway Waste Management’s proposed acquisition of Contract Resources Group. According to the statement from the commission, both companies supply a range of industrial services in Australia, including maintenance and cleaning of industrial facilities…
Australian medicinal cannabis producer ECS Botanics is taking its expansion plans global after securing a significant funding boost from one of Australia’s biggest banks. The Victorian-based cultivator announced on Monday it had increased its National Australia Bank loan facility by $2 million to a total of $5.2 million, while also securing an additional $400,000 for…
E-aviation startup features at Falling Walls Electric aviation business Kite Magnetics emerged as a standout in Berlin at Falling Walls Venture 2023 last week, the company has said, “demonstrating that our innovations could play a pivotal role in addressing the aviation industry’s environmental impact.” In a statement on Linkedin, founder and CEO Dr Richard Parsons…
Skykraft raises $120 million for satellite air traffic management Satellite manufacturer Skykraft has raised $120 million from investors to spewed the rollout its satellite-based Air Traffic Management system. The Canberra company from investors including Foresight Group Australia, OPTrust, and Main Sequence, CSIRO’s venture capital arm. Following capital raising costs, the company aims to achieve initial…
Robert Iervasi joins SPC Global board SPC Global has announced the appointment of Robert Iervasi to its board, describing Iervasi as “a well-known executive in the FMCG industry [who] brings a wealth of experience and expertise to the SPC Global team.” Iervasi was previously Group CEO at Asahi Beverages, and “played a pivotal role in…
Business-to-business medical cannabis cultivator and manufacturer ECS Botanics has announced its full-year results, including a sharp increase in consolidated revenue and a maiden profit before tax. According to a statement from the company on Thursday it went through a “substantial expansion phase” over the year, with $16 million in receipts from customers (up 180 per…