AMSTERDAM: Aalberts announces successful completion of the acquisition of Grand Venture Technology Limited (GVT). With its head office in Singapore, GVT operates six facilities across Singapore, Malaysia and China, generating an annual revenue of SGD 160 million in 2024 and an adjusted EBITDA margin of 19% with approximately 1,800 employees. In July 2025, Aalberts announced…
Kansai Electric buys 80% stake in Simply Blue Energy
LONDON: Simply Blue Holdings, has signed a share subscription agreement with Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply Blue Energy OSW Ltd, Simply Blue Group’s offshore wind development arm. The transaction follows the recent carve-out of Simply Blue’s sustainable fuels business into a newly formed entity, Nova Scotia Fuels, and represents…
Elis has acquired Larosé GmbH and Mitteldeutsche Wäscherei GmbH
SAINT-CLOUD: Elis, the global leader in circular services at work, today announces the acquisition of 100% of Larosé GmbH and Mitteldeutsche Wäscherei GmbH. Larosé serves the eastern part of Germany through its two laundries located in Schönebeck and Berlin. The company caters mainly to healthcare clients and offers a wide range of rental and laundry…
Australian Miner to acquire Idaho Processing Mill, aiming to boost US antimony, tungsten supply
SYDNEY – Resolution Minerals Ltd. (ASX: RML; OTCQB: RLMLF) announced Tuesday it has entered a binding agreement to acquire a processing mill and historic tungsten stockpiles in Idaho, a strategic move aimed at accelerating potential U.S. production of critical minerals antimony and tungsten. The acquisition targets the Johnson Creek Tungsten & Antimony Mill and the…
Palomar Holdings to buy Gray Casualty & Surety in $300 mln deal to expand franchise
NEW YORK – Specialty insurer Palomar Holdings Inc said on Tuesday it has agreed to acquire The Gray Casualty & Surety Company from private equity firm Bernhard Capital Partners in a cash deal valued at $300 million. The acquisition, approved by both companies’ boards, is expected to close in the first half of 2026, pending regulatory…
First Solar Inc.net sales surge 45.4% to $1.6 billion for third quarter of 2025
TEMPRE – First Solar, Inc. (Nasdaq: FSLR) today announced financial results for the third quarter ended September 30, 2025, and updated its 2025 guidance. Net sales for the third quarter were $1.6 billion, an increase of $0.5 billion from the prior quarter. The increase in net sales was primarily due to an increase in the…
Amazon revenues jump 13% to $180.2bn as AI fuels AWS re-acceleration; profit hit by charges
SEATTLE – Amazon.com Inc (AMZN.O) reported a 13% rise in third-quarter revenue on Thursday, handily beating expectations as its cloud-computing division re-accelerated on the back of soaring demand for artificial intelligence services. The robust sales growth, however, was tempered by a pair of special charges that held operating income flat. The company also issued a fourth-quarter…
Bending Spoons raises $710mn at $11bn valuation to fuel AI and product expansion
MILAN – Bending Spoons, one of Europe’s leading technology companies, announced today that it has raised $710 million in equity, based on a pre-money valuation of $11 billion. This funding round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management…
OrbitsIQ Global has acquired UNIO Enterprise
LUXEMBOURG – OrbitsIQ Global, a global telecommunications company, recently acquired UNIO Enterprise (UNIO), a Munich-based provider of broadband connectivity solutions that merge space-based and terrestrial networks, including 4G and 5G. The terms of the transaction were not disclosed. Founded in 2022 as a joint venture between Isar Aerospace, Reflex Aerospace, Mynaric, and SES, UNIO has…
Canva launches creative operating system
Next era of Canva combines a supercharged Visual Suite, world-first design AI, and powerful tools to grow your brand SYDNEY — Canva, the visual communication platform, announced Thursday its most significant product evolution to date: the launch of a “Creative Operating System.” The move consolidates over a decade of the company’s innovations with a suite of…
X-FAB beats Q3 revenue forecast on strong automotive, medical demand
PARIS – Chipmaker X-FAB on Tuesday reported better-than-expected third-quarter revenue, driven by sustained demand in its key automotive and medical markets, and forecast steady sales for the final quarter of 2025. The analog/mixed-signal foundry group posted quarterly revenue of $228.6 million, an 11% increase from a year earlier and a 6% rise from the previous quarter….
AI cloud firm CoreWeave to acquire open-source notebook maker Marimo
LIVINGSTON – Cloud computing provider CoreWeave Inc said on Thursday it has agreed to acquire Marimo Inc, the creator of an open-source, AI-native notebook for Python, as it builds out its suite of tools for artificial intelligence developers. The acquisition aims to integrate Marimo’s reactive development environment into the CoreWeave Cloud, creating a more unified…