Small cap round up

Support services company Marlowe Holdings has bought Titan Fire & Security, a provider of fire protection services, for up to £750,000. An initial cash consideration of £450,000 will paid with two earn-out payments of up to £150,000 after six and 12 months, when Titan Fire & Security meets targets.

AIM-listed gold, zinc and lead explorer Connemara Mining Company said it will start further drill testing at its Ireland mine. A drill rig will start further testing of the Springhall target within the Oldcastle block on the Meath/Cavan border in Ireland, which is prospective for zinc and lead.

AIM-listed Bagir Group, which develops and manufactures high quality men and women’s tailored fashions, cleared its debt with two lenders.The company repaid its $21m outstanding bank debt to its lenders, Bank Leumi and Discount Bank, and is now debt free.

AIM-listed Deltex Medical Group won its most substantial account with an NHS hospital for more than two years as a hospital bought six of the company’s oesophageal doppler monitoring (ODM) products. A 450 bed NHS hospital in the southeast of England bought six CardioQ-ODM+ monitors and an initial stock of single patient oesophageal probes for use in its peri-operative surgical care, for over £30,000.

Mobile management software company ServicePower Technologies won a $1m contract with a global insurer to deploy its workforce platform in its Canada insurance business.The AIM-listed company agreed for the next five years for its platform, Service Power Unity, which combines all of its mobile workforce management software including entitlement and work order management, schedule and route optimisation, contractor dispatch and claims management and business intelligence, to be used in managing the insurers Canadian insurance operations.

Intellectual property commercialisation specialist Frontier IP announced on Friday that its portfolio company Alusid has been awarded this year's IChemE Global Award 2016 for Best Business Start-Up.The AIM-traded firm said the IChemE awards celebrate excellence, innovation and achievement in the chemical, biochemical and process industries.