LONDON: Pri0r1ty Intelligence Group PLC, an artificial intelligence company that provides growth solutions to small and midsize businesses, said Friday it has acquired the operating assets and technology platform of Pirkx Limited, a benefits and wellbeing service for employees of small and midsize enterprises. The company, listed on London’s AIM market under the ticker PR1 and traded in the U.S….
AUCKLAND: Bremworth Limited (NZX: BRW) said Thursday that Mangawhai Collective Limited has formally launched a partial takeover offer seeking to acquire 43.94% of Bremworth shares it does not already own for NZ$0.90 per share. Mangawhai currently holds a 19.73% stake in Bremworth, the company said in a statement. Bremworth has appointed Clarien Partners as independent adviser to assess the merits…
OKLAHOMA CITY: OTC Industrial Technologies, one of the largest U.S. industrial distributors and service providers, has acquired Global Energy Solutions, a regional rotating equipment sales, service and repair company serving the Central United States. Financial terms were not disclosed. The acquisition expands OTC’s rotating equipment service and repair network, increasing its presence in Oklahoma and…
BRISBANE: Stanmore Resources Ltd. has agreed to acquire full ownership of the Moranbah South metallurgical coal tenements from South Africa’s Exxaro Resources Ltd. for US$105 million, the company announced Thursday. The transaction remains conditional on Exxaro first completing its acquisition of Anglo American’s 50% interest in the joint venture through pre-emptive rights triggered by Anglo’s…
Combination brings together deep electrical engineering expertise and high-volume manufacturing to serve growing energy infrastructure markets GOODYEAR: Voltaris Power LLC, a portfolio company of Mill Point Capital LLC, has acquired Electronic Power Design LLC, a Houston-based provider of mission-critical power distribution equipment serving data center, commercial and industrial markets, the company announced Tuesday. Financial terms of the transaction…
Deal aims to help customers bridge gap between AI experimentation and business value NEW YORK: CDW Corp., a leading technology solutions provider, said Tuesday it has agreed to acquire Lovelytics, a data and artificial intelligence services firm, for approximately $525 million in a move to expand its data analytics practice and accelerate customer adoption of AI. The acquisition…
Deal expands coatings capabilities and adds approximately $30 million in projected annual revenue MINNEAPOLIS: Apogee Enterprises Inc., a provider of architectural building products and high-performance coated materials, said Thursday it has agreed to acquire SIA “GroGlass,” a Latvia-based glass coatings manufacturer, for up to €62.5 million, or approximately $72.5 million, on a cash-free, debt-free basis. The purchase price includes…
KISTA: Sivers Semiconductors AB said Thursday it will invest $30 million to expand its photonics manufacturing facility in Glasgow, Scotland, as the company prepares for surging demand from artificial intelligence data centers and optical networking. The expansion is expected to boost production capacity to more than 100 million continuous-wave distributed feedback lasers annually, the company said. The facility,…
CAMBRIDGE: Frontier Developments plc, a video game developer and publisher, announced Thursday it has entered an agreement with Disney to develop and publish a new game using Disney’s portfolio of intellectual property. The game will be fully funded by Frontier and will build on the company’s experience in the creative management simulation genre, which includes its Planet Coaster, Planet…
Acquisition marks company’s largest in 25 years, expands Permian Basin footprint and deepens Carlyle partnership HOUSTON: Diversified Energy Company announced Thursday it has agreed to acquire Birch Permian Holdings Inc. from affiliates of Elliott Investment Management L.P. for approximately $1.8 billion, marking the largest acquisition in the company’s 25-year history. The deal, expected to close in the fourth quarter…
MELBOURNE: MaxiPARTS Ltd., an Australian distributor of aftermarket parts for commercial vehicles, said Thursday it has received a conditional, non-binding proposal from private equity firm Ares Management to acquire all of its outstanding shares for $2.50 per share in cash. The proposal, made through funds managed by Ares Management Asia (Singapore) Pte Ltd., would be…
BRISBANE: Eureka Group Holdings Ltd. announced Thursday it has entered into contracts to acquire a portfolio of six lifestyle and mixed-use communities in New South Wales for $123.8 million, a move the company described as transformational for its growth and scale. The acquisition, which includes 953 sites across Greater Sydney, the Central Coast, Hunter Valley…