PARIS, FRANCE: Believe S.A., a leading digital music company that helps independent artists and labels distribute and monetize their music online, has agreed to sell its majority stake to a consortium of funds managed by TCV and EQT, and its founder Denis Ladegaillerie, who will launch a tender offer for the remaining shares. The consortium…
Author: Chenos Kahn
Iondrive Limited appoints Ebbe Dommisse as new CEO
SYDNEY, AUSTRALIA: Iondrive Limited (ASX: ION), a company focused on developing and commercialising innovative battery technologies, has appointed Dr Ebbe Dommisse as its new Chief Executive Officer (CEO). Dr Dommisse has over 25 years of experience in leading large-scale operations and bringing new products to market across various global markets. He has been instrumental in…
Count Limited acquires 51% shares in Solutions Centric for $4.1m
SYDNEY, AUSTRALIA: Count Limited (ASX:CUP), a leading provider of group services and solutions to accounting and financial planning businesses, has announced the acquisition of Solutions Centric, an Australian company that provides offshore accounting, tax and SMSF services out of India. The acquisition, which is expected to complete before 31 March 2024, will see Count acquire…
How German Companies Are Thriving in the U.S. Market: A 2024 Outlook
What do German companies have in common with the U.S. economy? A lot, according to the latest report from the German American Chambers of Commerce (AHK USA). The 2024 German American Business Outlook (GABO) reveals the optimism, growth, and innovation of the German business community in the U.S., as well as the challenges and opportunities…
Groupe SNEF to buy 75.72% stake in VISIATIV for €170.7 million
PARIS, FRANCE: Groupe SNEF, a leading French engineering and services company, announced on Tuesday that it has entered into exclusive negotiations with the main shareholders of ALLIATIV, the controlling shareholder of VISIATIV, a company specialized in digital transformation and innovation for SMEs and mid-cap companies. The deal, which is expected to close in the first…
KONGSBERG reports record-high order backlog and doubles dividend
KONGSBERG, a leading technology group in Norway, announced its financial results for 2023, showing strong growth, profitability, and order intake. The company also proposed a dividend of NOK 14 per share, which is almost double from last year. The company’s order intake for 2023 was NOK 65.4 billion, corresponding to a book/bill ratio of 1.61….
Telix Pharmaceuticals signs deal to acquire QSAM Biosciences for upto $123m
MELBOURNE, AUSTRALIA: Telix Pharmaceuticals Limited has entered into an agreement to acquire QSAM Biosciences, Inc. and its lead investigational drug Samarium-153-DOTMP (153Sm-DOTMP). The purchase price comprises US$33.1 million upfront, which is payable in the form of 4,369,914 Telix ordinary shares to be issued at closing, subject to certain cash adjustments (at or after closing) which…
Metcash Limited acquires Superior Food, Bianco Construction Supplies and Alpine Truss
SYDNEY, AUSTRALIA: Metcash Limited, the largest wholesaler and distributor of food to independent businesses in Australia, has announced the acquisition of three businesses that will boost its growth and diversification. The company will buy Superior Food, a leading foodservice distribution business, for up to $412.3m; Bianco Construction Supplies, a construction and industrial supplies business, for…
The Ultimate Guide to Ecommerce Delivery and Customer Loyalty
Ecommerce has redefined the traditional bricks and mortar retail model, with online stores no longer being considered a “nice-to-have” and instead a “must-have“. With KPMG reporting that the global retail ecommerce market size was estimated to be US$5.5 trillion in 2022, a clear ecommerce model can create a lucrative alternative revenue stream. As ecommerce continues to…
Boston Metal secures $20M investment from Marunouchi Innovation Partners
Boston Metal, a company that aims to decarbonize steelmaking with its Molten Oxide Electrolysis (MOE) technology, has secured a $20 million Series C2 investment from Marunouchi Innovation Partners, a Tokyo-based venture capital firm. The new funding by Marunouchi Innovation Partners brings the series total to $282 million and will help Boston Metal expand its presence…
Publicis Groupe to invest 300 million euros in AI-powered Intelligent System
PARIS, FRANCE: Publicis Groupe, the world’s third-largest advertising and media company, announced its ambitious plan to become the industry’s first AI-powered Intelligent System, after achieving a stellar organic growth of +6.3% in 2023, outperforming its peers for the fourth consecutive year. The group will invest 300 million euros over the next three years to build…
Rio Tinto to drive development of Australia’s largest solar farm at Gladstone
MELBOURNE, AUSTRALIA: Rio Tinto will drive development of Australia’s largest solar power project near Gladstone, after agreeing to buy all electricity from the 1.1GW Upper Calliope Solar Farm to provide renewable power to Rio Tinto’s Gladstone operations. The agreement will bring more renewable power into one of Australia’s most important industrial hubs and marks another…