Legrand (Paris:LR) has announced the acquisition of two leading companies in the burgeoning fields of assisted living, healthcare, and datacenters. This strategic expansion is set to fortify Legrand’s position in its rapidly growing segments. Enovation: Pioneering Healthcare Software Dutch company Enovation, a frontrunner in the healthcare software industry, is now part of the Legrand family….
Author: Chenos Kahn
Energy Fuels Inc to acquire Base Resources Limited in a A$375 million deal
SYDNEY, AUSTRALIA: Energy Fuels Inc., a leading uranium and critical minerals producer in the United States, has announced a definitive agreement to acquire all issued shares of Base Resources Limited. This strategic acquisition is poised to create a global powerhouse in the critical minerals sector, with an emphasis on rare earth elements, uranium, and heavy…
Amundi US to merge into Victory Capital
PARIS: Amundi and Victory Capital have signed a Memorandum of Understanding that will significantly reshape the investment management landscape. The agreement outlines a strategic plan to merge Amundi US into Victory Capital, granting Amundi a 26.1% stake in Victory Capital and establishing comprehensive global distribution agreements. This proposed transaction is poised to create a more…
Prysmian Group to acquire Encore Wire in a €3.9 billion deal
Prysmian Group (BIT: PRY) has announced a definitive agreement to acquire Encore Wire Corporation (NASDAQ: WIRE), a leading North American manufacturer of electrical wire and cable, for $290.00 per share in cash. This transaction marks a strategic expansion for Prysmian Group, with the purchase price representing a 20% premium over the 30-day volume-weighted average share…
Berkshire Hathaway Specialty Insurance appoints Louis du Ché as country manager France
PARIS: Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Louis du Ché as the new Country Manager for France. Du Ché, who has been serving as the Country Manager for Belgium, will now extend his leadership to include France, a key market for BHSI’s continued growth. Alessandro Cerase, Head of Europe at BHSI,…
VINCI invests €50 million in renewable powerhouse NatPower SA
PARIS: Global infrastructure titan VINCI has sealed a deal to invest approximately €50 million into NatPower SA, the dynamic renewable energy platform known for its vigorous activity in Italy, Great Britain, and the United States since its inception in 2019. The investment package includes the purchase of a 10% equity share from NatPower’s founding visionary,…
Societe Generale to divest equipment financing business to Groupe BPCE for €1.1 billion
PARIS, FRANCE: Societe Generale’s Board of Directors has approved the signing of a Memorandum of Understanding with Groupe BPCE for the divestment of the professional equipment financing businesses operated by Societe Generale Equipment Finance (SGEF). Groupe BPCE would take over most of Societe Generale Equipment Finance activities, which offer tailor-made financing and leasing solutions for…
AMD launches adaptive SOCs Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2
NUREMBERG, GERMANY: AMD (NASDAQ: AMD) announced the expansion of the AMD Versal adaptive system on chip (SoC) portfolio with the new Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI inference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems. These…
Viva Leisure has acquired iFitness 24/7 on a $5.2 million deal
SYDNEY, AUSTRALIA: Viva Leisure Limited (ASX: VVA), also known as Viva, has announced the acquisition of iFitness 24/7, the premier health club operator in the Northern Territory. This acquisition of iFitness 24/7 not only marks Viva’s entry into the region but also significantly enlarges its national presence. Commenting on the acquisition, Viva’s Managing Director and…
Ansell Limited to acquire Kimberly-Clark’s PPE Division for $640 million
SYDNEY, AUSTRALIA: Ansell Limited (ASX:ANN) has signed an agreement for the acquisition of Kimberly-Clark Corporation’s Personal Protective Equipment (PPE) business for a cash consideration of $640 million. The acquisition encompasses the entirety of the assets within Kimberly-Clark’s PPE division, known for its innovative hand, body, and eye protection products marketed under the Kimtech™ and KleenGuard™…
Virtusa Corporation has acquired ITMAGINATION in Poland
Virtusa Corporation, a global provider of digital strategy services and solutions announced the acquisition of ITMAGINATION Sp. z o.o., a leading technology consulting firm headquartered in Warsaw, Poland. This strategic move reflects Virtusa’s commitment to enhancing its digital transformation offerings and expanding its nearshore delivery capabilities. Founded in 2008, ITMAGINATION has established itself as a…
Wendel has sold 9% shares in Bureau Veritas for 1.1 billion euros
PARIS, FRANCE: Wendel has successfully completed the sale of 40.5 million shares in Bureau Veritas by way of an accelerated bookbuilding process, representing c. 9% of the company’s share capital, for total proceeds of approximately 1.1 billion euros. As part of the Offering, the Lac1 fund, managed by Bpifrance, has purchased c.4% of Bureau Veritas’…