Namaste Technologies is planning to acquire Australian Vaporizers for C$5.5m ($4.18m).

Namaste Technologies manufactures and distributes vaporisers in Canada, while Australian Vaporizers is an online retailer based in Australia.

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The acquisition will strengthen Namaste Technologies’ e-commerce business and expand its customer base.

Retail grocery chain operator, Fresh Encounter has revealed that it will acquire online grocery shop operator, Remke Markets.

"The acquisition will strengthen Namaste Technologies’ e-commerce business and expand its customer base."

Both companies involved in the acquisition are based in the US.

Italy-based jewellery designer and manufacturer, Fope has announced that it has signed an agreement to acquire a 20% stake in jewellery products designer and manufacturer, Milano 1919, from fiduciary services provider, Esperia Servizi Fiduciari.