axle energy, a London-based energy flexibility startup, has raised $1.6 million in pre-seed funding. The round was led by Picus Capital with participation from Eka Ventures. The company intends to use the funds to expand operations and its business reach. Founded in early 2023 by Karl Bach and Archy de Berker, axle is a home…
Portwest acquires Canadian company IFR Workwear
Mayo-based multinational workwear, safety footwear, and PPE provider Portwest has announced its latest acquisition of Canadian company IFR Workwear, a renowned brand specializing in premium flame-resistant (FR) products. The acquisition aligns with Portwest’s strategy of strengthening its product portfolio, accessing new markets, and expanding its global presence. Established in 2005 by Reg Radford and Erin…
Air Liquide signs first long-term Power Purchase Agreement for renewable electricity in China
PARIS, FRANCE: Air Liquide has signed a long-term Power Purchase Agreement (PPA) with the China Three Gorges Renewables and China Three Gorges Corporation Jiangsu Branch, subsidiaries of China Three Gorges, one of China’s largest producers and retailers of renewable electricity, to purchase a total of 200 MW of renewable power per year in China. Following…
Arverne Group and Transition to combine creating a new lithium company
PARIS, FRANCE: Arverne Group and Transition, two companies with expertise in the energy transition, have signed a combination agreement to create a new company that will be the French leader in geothermal and low-carbon lithium production. The combined company will have a unique portfolio of assets and technologies, including: The combined company plans to use…
Octave raises $52mn Series C to expand behavioral health care services
Octave, a San Francisco-based company that specializes in outcomes-focused behavioral health care, has raised $52 million in Series C funding. The round was led by Cigna Ventures, Novo Holdings, and Avidity Partners, and included participation from existing investors Health Velocity Capital, Greycroft Partners, Felicis Ventures, Company Ventures, and Obvious Ventures. With this latest funding, Octave…
IMCD expands presence in Southeast Asia with acquisition of Brylchem Group
AMSTERDAM: IMCD N.V. , a global leader in the distribution, formulation, and provision of specialty chemicals and ingredients, has announced its agreement to acquire 100% of the shares of Brylchem Pte Ltd, Chemipac Pte Ltd, and CMS Marketing Trading Co., Ltd in Vietnam, collectively known as the Brylchem Group. This strategic acquisition further strengthens IMCD’s…
Suncorp reaffirms commitment to Queensland with $25 million investment package
SYDNEY, AUSTRALIA: Suncorp Group Limited today reaffirmed its commitment to Queensland through a significant jobs and investment package agreed with the Queensland Government as part of the sale of Suncorp Bank to Australia and New Zealand Banking Group Limited (ANZ) (the Proposed Transaction). The package includes: Suncorp Group Chairman Christine McLoughlin, AM said Suncorp had…
Currys considers options for Greek business Kotsovolos to maximize value
Currys, a leading electrical retailer, has announced its plans to explore strategic options for its Greek business, Kotsovolos. The company believes that Kotsovolos, which also has a growing presence in Cyprus, is a strong and profitable enterprise with a highly recognized brand, a unified ecommerce platform, and a diverse range of products and services. Despite…
Offshore wind giants Cadeler and Eneti merge to create largest installation company
OSLO, NORWAY: Cadeler A/S and Eneti Inc, two of the largest offshore wind turbine and foundation installation companies, have announced a merger that will create the largest company in the industry. The combined company will have a fleet of 10 vessels, including the two largest wind turbine installation vessels in the world. The merger is…
Jcurve Solutions CEO, Stephen Canning, resigns; successor to be appointed soon
SYDNEY, AUSTRALIA: Jcurve Solutions Limited (ASX: JCS), the business transformation technology company, announced today that its CEO, Stephen Canning, has resigned after over 8 years with the company. The Board has activated its succession plan and expects to appoint a new Chief Executive in the near future. With a potential six-month notice period, Stephen is…
Next Science appoints Harry Thomas Hall, IV as new CEO
SYDNEY, AUSTRALIA: Next Science Limited (ASX: NXS), a leading medical technology company dedicated to combating biofilm-based infections in human health, has announced the appointment of Harry Thomas Hall, IV, widely known as “I.V.,” as its new Managing Director and Chief Executive Officer (CEO). I.V. will assume the role of CEO on July 10, 2023. To…
ANZ to establish major tech hub in Brisbane as part of Suncorp bank acquisition
LONDON, UK: ANZ has announced the execution of an implementation agreement with the Queensland Government, marking a crucial step in its plan to acquire Suncorp Bank. The agreement outlines ANZ’s commitment to establishing a major tech hub in Brisbane, aimed at bolstering the state’s tech sector and creating career opportunities for Queenslanders while enhancing innovation…