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…
LONDON: PT Prima Petroleum Energi, a leading independent oil and gas company in Indonesia, has agreed to acquire approximately 28.3% of the issued share capital of Jadestone Energy plc from funds managed by Tyrus Capital S.A.M., the company announced Wednesday. The acquisition, structured through a private share purchase agreement between Prima Energy and Tyrus Capital…
NEW YORK: MacLean Power Systems said Wednesday it has signed definitive agreements to acquire Delta Star Inc., a move that significantly expands its presence in the power transformer and mobile substation market. The acquisition follows MPS’s combination with Power Grid Components earlier this year and will allow the company to offer a comprehensive portfolio of…
SAN FRANCISCO: Deep Cogito, a post-training research lab focused on reinforcement learning and self-improvement, on Wednesday announced a $43 million Series A funding round led by TQ Ventures. The round included participation from Benchmark, Nexus Venture Partners, Atreides Management, South Park Commons and Zscaler, a cloud security company that joined as both a customer and…
AUSTIN: CLEAResult, the largest provider of energy efficiency, energy transition and energy sustainability services in North America, has acquired Connected Energy, a technology company that provides demand management and distributed energy resource management solutions to electric utilities across the U.S. The acquisition deepens CLEAResult’s existing capabilities in demand management and DERMS, which the company has…
HACKENSACK: Mann Lake Ltd., the world’s largest manufacturer and distributor of beekeeping supplies, announced Tuesday it has acquired Hive Hugger, a Minnesota-based company known for its award-winning insulation products designed for the condensing hive approach to beekeeping. The acquisition brings together the industry’s leading supplier with a developer of products that aim to reduce thermal stress on honeybee…
MELBOURNE: TALi Digital Ltd., an Australian education technology company, announced Monday it has entered a binding agreement to acquire Datasphere Analytics Pty Ltd., a move that provides a pathway to exclusive licensing of advanced in-memory computing technology developed at the Technion-Israel Institute of Technology. The company also launched a AU$3.3 million capital raising to fund the…
SAN FRANCISCO: RockRose Risk, an insurance brokerage that rewards property owners for wildfire mitigation, has raised $12.5 million in a Series A funding round co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate. The company plans to use the investment to evolve into a vertically integrated risk manager, combining property analysis,…
CHICAGO: Oncourse Home Solutions, a national provider of home infrastructure warranties, announced that it has entered into a definitive agreement to be acquired by Genstar Capital from funds advised by Apax Partners LLP. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions. Financial terms…
LONDON: Gana Media Group plc announced that Lorenzo Caci has been appointed to the role of Chief Operating Officer for the Group. In this role Lorenzo will be responsible for overseeing the operation of all global business areas of the Group, directly supporting the CEO in the Group’s further expansion and growth. This appointment comes after Lorenzo has successfully led…
ATHENS: METLEN Energy & Metals Plc said Tuesday it has acquired Joule, a Greek energy software company, in a move aimed at strengthening its digital capabilities in managing renewable energy and storage portfolios. The acquisition centers on Joule’s jHub platform, a system for remote monitoring, control and optimization of renewable energy and storage assets. The platform enables real-time…
NEW YORK: Sugarwork, a U.S.-based knowledge capture and workflow automation company, has appointed Andre Liao as its new chief executive officer, effective Aug. 24. Liao, a veteran technology executive with more than 25 years of experience scaling software companies across the Americas, Europe and Asia, will lead Sugarwork’s next phase of growth. The company is…