PARIS, FRANCE: ICAPE Group , a global technology distributor of printed circuit boards (PCB), today announced the acquisition of the operating assets of the company HEISSENBERGER LEITERPLATTENTECHNIK (HLT), a German PCB distributor. HLT, based in Baden-Württemberg, a state known for its automotive industry, supplies PCB to some 50 well-known customers in various sectors, such as…
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BenevolentAI announces strategic plan to boost AI and biopharma businesses
AMSTERDAM: BenevolentAI, a leader that combines cutting-edge Artificial Intelligence (AI) and science to accelerate biopharma discovery and development, today announced a strategic review approved by its Board of Directors. The Company said it is further evolving its differentiated technology platform and launching a new suite of products to capitalise on the vast potential of AI-driven…
TotalEnergies invests in Ductor to boost biogas production from organic waste
Paris, France: TotalEnergies, a global energy company, has announced that it has acquired a 20% stake in Ductor, a Finland-based start-up that has developed an innovative technology to process high-nitrogen organic waste, such as poultry manure, for biomethane production. The technology allows the treatment of new types of input that are usually difficult to use…
IDEX Biometrics and Thames Technology partner to deliver biometric smart cards
Oslo, Norway: IDEX Biometrics, a leading provider of fingerprint authentication solutions, has announced a new agreement with Thames Technology, a Paragon ID company and one of Europe’s leading card manufacturers and issuer partners, to accelerate the commercialization at scale of biometric smart cards. Thames Technology develops, manufactures and personalizes more than 250 million cards annually…
Volvo Trucks and Holcim Sign Letter of Intent for 1,000 Electric Trucks
Volvo Trucks and Holcim, a Swiss building solutions provider, have signed a letter of intent for the delivery of 1,000 electric trucks over the next seven years. The deal is the largest commercial order to date for Volvo electric trucks. The first 130 trucks will be delivered during the fourth quarter of 2023 and throughout…
Arkema to acquire Polytec PT to boost its solutions for batteries and electronics
PARIS, FRANCE: Arkema, a global leader in specialty materials, has announced its plan to acquire Polytec PT, a German company that develops thermal interface materials and engineering adhesives for batteries and electronics. The acquisition will strengthen Arkema’s Bostik segment, which offers adhesive solutions for various markets. Polytec PT, which has one main production site in…
Quantum computing to tackle combustion challenges
PARIS, FRANCE: A research project, funded by the French Defense Innovation Agency, aims to develop the first hybrid quantum-classical platform to simulate the complex phenomenon of combustion and its applications. The project, called VulQain, is a collaboration between Eviden, an Atos business, ColibrITD, a quantum software start-up, and ONERA, the French aerospace research center. The…
EHC and Croma-Pharma revise business combination agreement, adjust valuation to €712.5 million
AMSTERDAM: EHC and Croma-Pharma GmbH (Croma) have amended their business combination agreement, adjusting the enterprise value of Croma to €712.5 million from €850 million. The changes involve transferring 20% of Sponsor Shares to EHC for cancellation and increasing the exercise price of 20% of Sponsor Warrants. The amendments aim to align stakeholder interests and attract…
Vopak to sell Savannah terminal to BWC Terminals
ROTTERDAM, THE NETHERLANDS: Vopak, the world’s leading independent tank storage company, has agreed to sell its terminal in Savannah, USA, to BWC Terminals, a US-based bulk liquids storage company, for USD 106 million. The terminal, which has a capacity of 250,566 cubic meters, is mainly used for the storage of vegetable oils, asphalt and specialty…
Stellantis to acquire 33.3% stake in hydrogen fuel cell maker Symbio
PARIS, FRANCE: Stellantis, the world’s third-largest automaker, has signed a deal to buy a 33.3% stake in Symbio, a hydrogen fuel cell system maker for hydrogen mobility. The deal is expected to close in the third quarter of 2023. Symbio is a joint venture between Faurecia, a French automotive supplier, and Michelin, a French tire…
MotorK to acquire GestionaleAuto.com, a leading automotive retail solutions provider in Italy
AMSTERDAM: MotorK Plc (AMS: MTRK) has entered into advanced negotiations for the acquisition of GestionaleAuto.com, a leading automotive retail solutions provider that serves over 2,000 dealerships in Italy. MotorK and GestionaleAuto.com have both signed exclusive and binding agreements and are working towards a swift completion. Founded in 2004, GestionaleAuto.com is a prominent software as a…
MPC Energy Solutions expands renewable energy development footprint in Latin America
OSLO, NORWAY: MPC Energy Solutions (MPCES), a global renewable energy company, has announced its entry into Panama to enhance its ambition to significantly expand its project pipeline in Latin America. The company will focus on ground-mounted solar PV and has identified sites and grid connection capacity for combined 60-70 MWp, with immediate development works starting….