PARIS, FRANCE: TotalEnergies, a French energy giant, has acquired Kyon Energy, a German company that specializes in battery storage systems, for €90 million plus some performance-based payments. Kyon Energy, founded in 2021, has developed 770 MW of battery projects, of which 120 MW are operational, 350 MW are under construction, and 300 MW are ready…
Author: Chenos Kahn
Sanofi to buy Inhibrx for $1.7 billion
PARIS, FRANCE: Sanofi, a global pharmaceutical company, has agreed to acquire Inhibrx, a clinical-stage biotech firm, for $30.0 per share in cash, or about $1.7 billion. The deal is subject to the spin-off of non-INBRX-101 assets into a new entity, New Inhibrx, which will be owned by Inhibrx’s shareholders and Sanofi. INBRX-101 is a novel…
FDJ Group to buy Kindred for €2.6 billion, creating a European gaming giant
PARIS, FRANCE: French gaming operator FDJ has launched a tender offer to acquire all the shares of Kindred, one of Europe’s leading online betting and gaming companies, for SEK 130 per share. This offer, which is backed by Kindred’s Board of Directors and five major shareholders, values Kindred at €2.6 billion and represents a 24%…
ECIT AS has acquired 24.98% stake in the Norwegian software firm Zirius AS
OSLO, NORWAY: ECIT AS has acquired 24.98% stake in the Norwegian software company Zirius AS. The investment strengthens ECIT`s position within accounting software in Norway and is a good fit to the digital development in ECIT. ECIT is acquiring 24.988 % of the shares in Zirius, with an opportunity to invest further in Zirius in…
How to Conduct a Data-Driven Software Engineering Study: A Goal-Oriented Methodology
Software engineering is a complex and dynamic field that requires constant evaluation and improvement. One way to assess the effectiveness and efficiency of software development methods and practices is to conduct empirical studies that collect and analyze data from real-world projects. However, designing and conducting such studies is not a trivial task. It requires careful…
IMCD N.V. signs agreement to acquire distribution business of Joli Foods S.A.S.
ROTTERDAM: IMCD N.V. announced that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. to expand its food and nutrition business and product portfolio. “The addition of Joli Foods’ distribution business to IMCD Colombia’s food and nutrition portfolio is an exciting new development in our company’s growth history,” said…
Peppermint Innovation acquires Xpon Digital Limited and Holoscribe Australia
PERTH, AUSTRALIA: Peppermint Innovation Ltd (ASX: PIL), a fintech company that operates in the Philippines, has announced the acquisition of the ‘Application Modernisation’ business division from XPON Technologies Ltd (ASX:XPN), a software development company. The deal involves the purchase of two of XPON’s subsidiaries, Xpon Digital Limited and Holoscribe Australia Pty Ltd, which will be…
Eurofins Scientific to acquire operations of SGS Crop Science in 14 countries
PARIS, FRANCE: Eurofins Scientific, a global leader in agroscience contract research services, signed an agreement to acquire the operations of SGS Crop Science in 14 countries. The business generated revenues of approximately CHF 46m in 2022. The transaction is subject to consultation with SGS Crop Science’s local stakeholders as required by the local jurisdictions and…
Alpine Racing finalises sale of 24% stake for €200m to Otro Capital led group
BOULOGNE-BILLANCOURT: Renault Group and Alpine Racing announced the closing of the investment by Otro Capital of €200 million in Alpine Racing Ltd (based in England), announced on 26 June 2023, in the form of a 24% equity stake, to support Alpine’s growth strategy and sporting ambitions in Formula 1. Alec Scheiner, co-founder and partner of…
Renault Group will sell 5% of Nissan shares for €765 million
PARIS, FRANCE: Renault Group has announced that it will sell up to 211 million Nissan shares, or 5% of Nissan capital, to Nissan as part of the latter’s share buyback program. The sale, which will take place on December 13, 2023, will improve Renault Group’s net financial position by €765 million, but also result in…
Eiffage Énergie Systèmes has acquired 97% of Van den Pol Elektrotechniek B.V
PARIS, FRANCE: Eiffage, through the Dutch subsidiary of Eiffage Énergie Systèmes in the Netherlands has just acquired 97% of Van den Pol Elektrotechniek B.V., complementing its expertise in the industrial and office buildings and commercial markets. This transaction is subject to approval by the European competition authorities and is expected to be completed in early…
Merck signs $610 million deal to acquire Caraway Therapeutics
LONDON, UK: Merck, a global leader in biopharmaceuticals, has announced that it has entered into a definitive agreement to acquire Caraway Therapeutics, Inc., a company specialized in developing novel, small-molecule therapeutics for the treatment of neurodegenerative and rare diseases. The deal is worth up to $610 million, including an undisclosed upfront payment and contingent milestone…