Alphabet’s Google will invest at least €13 billion ($15.1 billion) in artificial intelligence infrastructure in Finland over the next two years, it said on Wednesday, calling it the company’s single largest investment in Europe. Finland has become a magnet for data centres as companies including Microsoft and TikTok owner ByteDance seek to reduce energy costs and meet…
AMSTERDAM: Gimv Anchor Investments has acquired a stake in Batenburg Techniek, a leading Dutch provider of industrial electrification and automation solutions, the companies announced Wednesday. The Rotterdam-based company, which reported €342 million in revenue in 2025 and employs more than 1,300 people, will retain VP Capital and management as co-shareholders. Financial terms were not disclosed. Batenburg Techniek, founded in…
HOUSTON: PowerTransitions, an independent power producer focused on redeveloping legacy energy facilities, said Monday it has acquired the 1,242-megawatt Roseton Generating Facility from a subsidiary of Castleton Commodities International LLC. The natural gas-fired plant, which has supplied power into NYISO Zone G since 1974, will be redeveloped into a multi-use energy campus that includes new energy storage systems, the…
CONROE: Sapphire Gas Solutions, a distributed energy infrastructure provider, has acquired assets from Spectrum LNG, including an operating liquefied natural gas facility in Arizona and a site for future development in Oklahoma, the company announced Monday. The acquisition includes the Desert Gas LNG Plant in Ehrenberg, Arizona, which has approximately 100,000 gallons of LNG storage capacity and…
NEW YORK: Chime, the financial technology company that has become America’s most popular banking app, said Monday it has agreed to acquire its longtime banking partner Stride Bank for $590 million in cash, a move that will give the company direct control over its banking infrastructure. The acquisition, approved unanimously by both companies’ boards, marks a significant shift…
BRUSSELS: Campine NV, a Belgian metals recycling and specialty chemicals company listed on Euronext Brussels, has signed an agreement to acquire Flamaway Group, a Belgian producer of flame retardant mixtures with operations in Belgium, the United Kingdom and China. The deal, scheduled to close Oct. 1, 2026, will boost Campine’s flame retardant sales volume by more than 50%,…
SYDNEY: Rio Tinto has agreed to acquire the Aurukun Bauxite Project in Western Cape York, Queensland, from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson said Tuesday. Financial terms were not disclosed. The deal remains subject to Queensland government and other Australian regulatory approvals, the spokesperson said. The acquisition would expand Rio Tinto’s existing…
LONDON: Gem Resources Plc, a natural resources company listed on the London Stock Exchange, announced on Monday that it has signed a conditional agreement to acquire a gold processing operation in Colombia, marking its entry into the South American country’s mining sector. The company’s Hong Kong subsidiary, GemR Corporation Limited, entered into a share purchase agreement to acquire…
LONDON: Greenland Energy Company has reached an agreement on indicative terms to acquire London-listed 80 Mile plc in an all-share transaction valuing the target company’s existing issued share capital at £61.48 million, the companies announced Monday. Under the proposed terms, 80 Mile shareholders would receive 0.01108 new Greenland Energy shares of common stock for each existing 80 Mile ordinary…
PARIS: French artificial intelligence company Mistral has raised €3 billion ($3.5 billion) at a valuation of roughly €21 billion ($24 billion), marking the largest equity funding round for a privately held European technology firm, the three-year-old startup said Tuesday. The funding round was jointly led by existing investor PSG Equity, along with first-time backers Samsung Electronics of…
LONDON: SigmaRoc, the European lime and minerals Group, announced the acquisition of Akcinė Bendrovė “Dolomitas” from its current shareholders for a consideration of €110 million on a debt and cash free basis, plus a further €8 million for certain non-core assets. Dolomitas is a leading Lithuanian dolomite business established in 1964, with c. 3.5m tonnes of annual production of high-quality dolomite…
LONDON: Oxford Metrics plc, a smart sensing and measurement technology group, has appointed Stefan Lampa as chief executive officer and a director of the company, effective early December 2026. Lampa will succeed Imogen O’Connor, who has stepped down from the CEO role and the board with immediate effect due to health reasons, a statement said. Gary Bullard,…