LONDON: Seed, a London-listed company, said Thursday it has entered into non-binding heads of terms and an exclusivity agreement to acquire Spanish AI-driven imaging diagnostics firm Cuarta Dimension Medica SL (“4DM”). The proposed deal would see Seed issue new shares to 4DM’s shareholders, who would own approximately 90% of the enlarged company, while Seed’s existing…
Rentokil Initial to sell France Workwear Business to H.I.G. Capital for €410 million
LONDON: Rentokil Initial plc has entered into an agreement to sell its France Workwear business to H.I.G. Capital in a transaction valued at approximately €410 million ($465 million), the company announced Wednesday. According to details, H.I.G. Capital has signed a binding put option, committing to complete the acquisition once consultations with employee representatives and regulatory…
Rémy Cointreau announce Franck Marilly as Chief Executive Officer of the Group
The Board of Directors is pleased to announce the arrival of Franck Marilly as the Group’s Chief Executive Officer. He will take office on June 25, 2025, succeeding Éric Vallat. With a rich professional background of more than 30 years within renowned luxury and cosmetics groups, such as Chanel, Unilever and the Japanese group Shiseido,…
Aurora Labs signs MoU with Mayman Aerospace to develop 3D-printed propulsion systems
CANBERRA: Aurora Labs Limited (ASX: A3D), an Australian industrial 3D printing company, announced Wednesday it has entered a Memorandum of Understanding (MoU) with U.S.-based Mayman Aerospace to explore collaborative opportunities in advanced propulsion systems for vertical take-off and landing (VTOL) aircraft. The two-year agreement focuses on developing 3D-printed micro gas turbines for integration into Mayman…
MariaDB acquires Codership Oy the developer of Galera Cluster
HELSINKI: MariaDB plc announced Tuesday the acquisition of Finland-based Codership Oy, the developer of Galera Cluster, a high availability database solution known for ensuring uptime, preventing data loss and scaling with database growth. As part of the deal, Codership’s core team, including its founders, will join MariaDB, expanding the company’s European engineering and technical support operations. Galera…
Salesforce to acquire Informatica in $8 billion deal to boost AI efforts
SAN FRANCISCO: Salesforce announced Tuesday it is buying cloud data management firm Informatica in an $8 billion deal as the enterprise software giant expands its push into artificial intelligence. The acquisition will integrate Informatica’s data catalog, integration and governance services with Salesforce’s AI platform, Agentforce, the company said. “Truly autonomous, trustworthy AI agents need the most comprehensive…
Mayville Engineering Company to acquire Accu-Fab for $140.5 million
Mayville Engineering Company (NYSE: MEC), a leading provider of design and manufacturing solutions, announced Monday it has reached a definitive agreement to acquire Accu-Fab, LLC, a contract metal fabricator, from Tide Rock Holdings for $140.5 million. The deal, expected to close in the third quarter of 2025, is subject to customary closing conditions. Accu-Fab specializes…
CapAI forms strategic AI alliance with U.S. based R42 Group
LONDON: CapAI plc (LSE: CPAI) announced Tuesday that it has entered into a strategic alliance agreement with U.S.-based venture capital firm R42 Group, Inc., in a move aimed at expanding early-stage artificial intelligence (AI) development opportunities. The AI alliance, effective June 1, strengthens CapAI’s three-pillar operating strategy of identifying, incubating, and inventing AI innovations. Under the agreement,…
Indonesia launches $167 million National Maritime Security System Project
JAKARTA: The Indonesian Coast Guard (Bakamla) has officially launched its National Maritime Security System (NMSS) project, a €167 million initiative in partnership with SRT Marine Systems plc, the company announced Tuesday. The project, which is set to unfold over two years, aims to enhance Indonesia’s maritime surveillance, command, control and communication capabilities. The system will…
Serco completes acquisition of Northrop Grumman’s MT&S Business
WASHINGTON: Serco Inc., the U.S. subsidiary of Serco Group, has finalized its acquisition of Northrop Grumman’s Mission Training and Satellite Ground Network Communications Software (MT&S) business following regulatory approvals, the company announced Tuesday. MT&S provides advanced mission training services and satellite ground network efficiency solutions for the U.S. military. The acquisition is expected to generate…
Defence Holdings PLC unveils 5-year strategic plan focused on emerging security technologies
LONDON: Defence Holdings PLC, trading as Defence Technologies, announced the release of its Five-Year Strategic Plan, outlining its strategy to expand in drone warfare, artificial intelligence, information operations and critical infrastructure defense to meet Europe’s evolving security needs. The company cited strong retail investor interest in its plans and emphasized a commitment to transparency as…
Elementis Plc announced sale of Talc business to IMI Fabi S.p.A
LONDON: Elementis plc, a global specialty chemicals company, today announced that it has simultaneously signed and completed the sale of its Talc business to IMI Fabi S.p.A, a global talc manufacturer, for an enterprise value of $121 million, with net cash proceeds after transaction costs in the region of $55 million. The Transaction follows the…