30 Dec 2013 10:53
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Don't have an account? Click here to register.Imperial Innovations sells Permasense portfolio business
Mon, 03rd Oct 2016 15:20
(ShareCast News) - AIM-listed Imperial Innovations has sold its portfolio company Permasense to Fortune 500 company Emerson Electric for an initial consideration of £30.6m in cash.Further amounts of up to £10m may be paid in addition, subject to the Permasense business achieving certain performance targets during the next 13 months. Imperial Innovations owned a 23% equity stake in Permasense on completion. As at 31 January 2016, this had a net investment carrying value of £1.8m.The initial consideration has generated net proceeds to Innovations of £3.7m. In addition, an equal payment of £3.7m will be distributed to Imperial College as revenue share.Permasense specialises in continuous integrity monitoring for the oil & gas production, refining and power industries, providing real-time data-to-desk measurement of fixed equipment wall thicknesses in inhospitable and inaccessible environments.Jon Edington, director of Technology Ventures at Imperial Innovations, said: "Permasense is a great example of Innovations working with Imperial College to commercialise IP and build ambitious and successful businesses."Emerson's global presence and financial strength will allow Permasense to further enhance its market leading position, broaden its international reach and invest in further product development."At 1415 BST, Imperial shares were up 1.4% to 441.06p.
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Thursday tips round-up: Imperial Innovations, Vertu Motors
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Imperial Innovations portfolio value rises as companies near IPO
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17 Jul 2013 10:39
Innovations CEO steps down
Technology commercialisation and investment group Imperial Innovations confirmed that Chief Executive Susan Searle has stepped down after 11 years in the role. Chief investment officer Russ Cummings, who has been a director since the group's flotation in 2006, has taken over as CEO with immediate
Read more29 Apr 2013 12:15
Kelsey Lynn appointed Director of Technology Ventures at Imperial Innovations Group
AIM-listed technology commercialisation and investment group Imperial Innovations Group has reported that that Kelsey Lynn has joined as Director of Technology Ventures with immediate effect. Lynn spent the last twelve years in California, working in new technology development and venture capital
Read more22 Mar 2013 08:44
Imperial Innovations reports strong progress in top three portfolio companies
Imperial Innovations, a technology commercialisation and investment group, on Friday reported 'really good' progress in its top three portfolio companies in its half year results. The firm said that in the six months ended January 31st its top three portfolio companies, namely Circassia, Nexeon an
Read more22 Feb 2013 11:40
Imperial Innovations reports that Nexeon signed partnership with WACKER
AIM-listed technology commercialisation and investment group Imperial Innovations has announced that portfolio company Nexeon, a battery materials and licensing company, has signed a strategic partnership agreement with German chemical company WACKER Chemie AG (WACKER). The group reported that WAC
Read more23 Jan 2013 08:21
Imperial Innovations invests 1.5m pounds in tech firm Semetric
Technology commercialisation and investment group Imperial Innovations has invested 1.5m pounds in technology firm Semetric, the company behind global music analytics specialist, Musicmetric. The group said that the investment was part of a £3m funding round which also included its existing investo
Read more5 Oct 2012 13:18
Imperial Innovations rises to university challenge
A change in the fair value of investments held by Imperial Innovations, the hot-house for technology and healthcare ideas from Britain's universities, saw full year profits surge. Revenues eased, however, reflecting the continuing difficult economic environment. Total revenues in the year to the en
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