SoftBank Group Corp. said Monday it has agreed to acquire the robotics division of Swiss engineering giant ABB Ltd. for $5.4 billion, marking a major step in the Japanese conglomerate’s effort to expand its footprint in artificial intelligence. The deal, which remains subject to global regulatory approvals, will halt ABB’s previously announced plan to spin…
Author: NNR
Bunzl plc announces two further acquisitions
LONDON: Bunzl plc, the specialist international distribution and services Group, today announces two further acquisitions. In September, Bunzl completed the acquisition of Caterline Catering Equipment Ltd (“Caterline”), a distributor of commercial catering equipment in Ireland and Northern Ireland. The business complements our existing catering business and generated revenue of EUR 6 million (£5 million) in…
Sunda Energy secures offshore gas interests in BARMM bid round
MANILA: Sunda Energy Plc (AIM: SNDA), a Southeast Asia-focused gas company, said Wednesday it has been awarded non-operated interests in two offshore petroleum service contracts in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM), following the region’s 1st Conventional Energy Bid Round. The contracts, SC-80 and SC-81, cover licence blocks in the southwest Sulu Sea….
Northleaf Capital Partners acquires PowerStream Energy Services
TORONTO: Northleaf Capital Partners, a global private markets investment firm, announced Wednesday that infrastructure funds managed by the firm have acquired PowerStream Energy Services from Alectra Energy Services Inc., an affiliate of Alectra Inc. The transaction was executed through a tuck-in acquisition by Provident Energy Management Inc., a Northleaf portfolio company. Financial terms were not…
Fragbite Group to sell Playdigious SAS for EUR 10.5 million
STOCKHOLM: Fragbite Group AB has today signed an agreement to divest all its shares in subsidiary Playdigious SAS for a consideration of EUR 10.5 million, corresponding to approximately SEK 115 million, on a cash-free, debt-free basis. The net consideration is paid in cash. In addition, Fragbite Group obtains 90 percent of the net revenue from…
Legrand acquires majority stake in Cogelec, plans full takeover
PARIS: Legrand SA has acquired a controlling interest in Cogelec, a French access control systems specialist, through the purchase of Cogelec Développement, the companies announced Wednesday. The deal, finalized Oct. 7, 2025, gives Legrand indirect ownership of 60.09% of Cogelec’s share capital and 75.07% of its voting rights. The acquisition was made at €29 per…
Eastern Metals to acquire Raptor Resources
SYDNEY: Eastern Metals Limited (ASX: EMS) announced Tuesday it has entered an agreement to acquire 100% of Raptor Resources Limited, an unlisted Australian exploration company with a portfolio of copper and gold assets in Canada and Western Australia. The transformational deal, outlined in a Bid Implementation Agreement, will see Eastern Metals issue securities to Raptor shareholders….
Qualcomm acquires Italy’s programmable circuit board maker, Arduino
SAN DIEGO: Chipmaking giant Qualcomm said Tuesday it is acquiring Arduino, a move aimed at embedding its technology with the tinkerers and startups who are building the next generation of robots and intelligent devices. Arduino, an Italy-based maker of inexpensive, programmable circuit boards, is a staple in university labs, hardware startups and hobbyist workshops for…
Canter Power Systems acquires Optimize Generator People to expand gulf coast footprint
GREENSBORO: Canter Power Systems, a Generac Power Premier Pro dealer and one of the largest independent residential backup generator providers in the U.S., has acquired Optimize Generator People, a leading Louisiana-based installer and service provider of home standby generators. This marks Canter’s sixth strategic acquisition since partnering with Rotunda Capital Partners in 2021. Founded in…
Mixpanel acquires DoubleLoop to embed AI into business strategy analytics
SAN FRANCISCO: Digital analytics firm Mixpanel said on Tuesday it has acquired DoubleLoop, a startup specializing in AI-powered business value frameworks, as it seeks to help companies quickly identify key growth drivers. The deal aims to integrate DoubleLoop’s artificial intelligence technology directly into Mixpanel’s platform, accelerating how product and marketing teams connect their daily work…
Court sanctions WSP’s final cash acquisition of Ricardo PLC
LONDON: Ricardo PLC said Tuesday that the High Court of Justice has sanctioned its recommended final cash acquisition by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc., paving the way for the deal to become effective on Oct. 9. The acquisition, first announced on June 11, will be implemented through a scheme…
Schroder British Opportunities Trust makes equity investment in CSL Group
LONDON: Schroder British Opportunities Trust plc (SBO) confirmed a new private equity investment in CSL Group (CSL), a critical IoT connectivity business. Founded in 1996 as a UK alarm signalling provider, CSL has grown into a European leader in critical connectivity, now trusted with ensuring over 3 million connections across diverse industries. This transaction represents…