1923 Investments, a company of Malta-based Hili Ventures, expects to finalise the acquisition by early Q2 2020. The business will trade under a new name which will be announced after the completion of the deal.

“This acquisition is in keeping with our strategy to grow in areas in which we are already active and to broaden our horizons,” 1923 Investments Chief Executive Officer Melo Hili said.

“Our anchor company Carmelo Caruana has been running a ship-to-ship operation in the Mediterranean for many years. This additional business presents an important opportunity for us to venture further into this field and significantly bolster our revenues and profitability,” he added.

1923 Investments’ commercial activities are located in Malta, Poland and Hungary. 1923 Investments is the investment arm of Hili Ventures.

Hili Ventures is engaged in partnerships with McDonald’s and Apple, logistics, marine and engineering, technology, property, hospitality and leasing in ten countries across the Mediterranean and the Middle East to Central and Eastern Europe. It has a staff of more than 9,400.

Hili Ventures partners include Cisco, CMA CGM, Diebold Nixdorf, Gemalto, GLS, Hoffmann, IBM, Konecranes, Lenovo, Microsoft, NCR, Tranter, Terberg, as well as other global brands.

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Mr Caruana will coordinate the formulation of the group’s renewed strategy and outline the technical vision for Harvest and its subsidiaries in light of emerging technologies and best practice, according to the press statement.

In his new role, he has also been tasked with ensuring Harvest and its subsidiaries remain at the forefront of technology and innovation. As Harvest pursues growth, Mr Caruana will examine the potential of Harvest’s acquisition pipeline and conduct technical due diligence of any prospective acquisition.

“I have had the pleasure of working with Godwin for a few years and I have always enjoyed his dry wit and team-building spirit,” Professor Juanito Camilleri, Harvest Chairman, said. “His profound insight and troubleshooting skills on technical matters related to a broad spectrum of ICT disciplines is an invaluable asset to our group. I am delighted he has assumed the role of CEO of Harvest,” he added.

Mr Caruana is a University of Liverpool and the University of Brunel graduate, where he graduated Master of Science in Information Technology, and PhD with a research focus on High-Performance Computing, Algorithms and Machine Learning, respectively.

As a visiting senior lecturer at the University of Malta, Mr Caruana has also been publishing research. In 2018, he spearheaded the establishment of the Harvest Technology Academy in partnership with the University of Malta and the Faculty of Economics, Management and Accountancy in a bid to bridge the gap between the professional and academic spheres.

Earlier in his career, Dr Caruana served as Chief Technology Officer at the Malta Information Technology Agency (MITA) during which time he contributed to numerous high-profile projects.

Harvest delivers tech solutions to customers in banking, aviation, pharmaceuticals, gaming, retail, hospitality and state agencies. Harvest encompasses PTL, APCO Systems, and APCO Ltd. Harvest is part of 1923 Investments plc which has commercial activities in Malta, Poland and Hungary. 1923 Investments plc is the investments arm of Hili Ventures.

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