SAN JOSE: Advanced Micro Devices Inc. (AMD) is selling the server manufacturing business of recently acquired ZT Systems to Sanmina Corp. in a deal worth up to $3 billion, as the chipmaker shifts focus to U.S.-based production of artificial intelligence hardware. The agreement, announced Monday, underscores AMD’s push to onshore more of its supply chain amid rising…
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Scott Felder Homes expands presence in North Texas with Olivia Clarke Homes acquisition
AUSTIN: Scott Felder Homes, a leading homebuilder operating in Austin, San Antonio, and Denver, announced Wednesday the acquisition of Olivia Clarke Homes, an award-winning residential builder based in the Dallas-Fort Worth Metroplex. The move marks a strategic expansion for Scott Felder Homes into the competitive North Texas market, enhancing its ability to meet increasing demand…
Falcon’s Beyond acquires Oceaneering Entertainment Systems
Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) announced today the acquisition of Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc. (NYSE: OII), strengthening its position as a leading force in immersive storytelling and themed entertainment. Under the transaction, Falcon’s Beyond acquired OES’s portfolio of patented technologies, proprietary engineering processes, and a 106,000-square-foot facility, enhancing…
Earnix acquires Zelros to expand AI capabilities in insurance and banking
PARIS: Earnix, a leading provider of Dynamic AI solutions for the insurance industry, announced Tuesday that it has signed a definitive agreement to acquire Zelros, a pioneer in generative AI for insurers and banks. The acquisition will integrate Zelros’s generative AI recommendation engine with Earnix’s predictive AI platform, enhancing risk decisioning, personalization, and claims processes across…
StoneX to acquire R.J. O’Brien in $900 million deal
NEW YORK: StoneX Group Inc. (NASDAQ: SNEX) announced Monday that it has reached a definitive agreement to acquire R.J. O’Brien (RJO), the oldest futures brokerage in the United States, in a deal valued at approximately $900 million. The purchase will be financed through a combination of cash and StoneX common stock, with the company also…
CW Advisors has acquired Delta Financial Group
BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets. Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning six offices from New York City to Richmond, Virginia. “We are excited to welcome another…
Bending Spoons acquires Germany’s komoot
Bending Spoons, a technology company, announced the acquisition of komoot, a Germany-based route-planning platform for outdoor enthusiasts. Komoot, founded 17 years ago, has grown to 45 million users and is Europe’s leading outdoor platform. CEO Markus Hallermann praised Bending Spoons’ expertise in scaling platforms, calling it the ideal partner for komoot’s next phase of growth….
Pandion Optimization Alliance acquires Blackmaple Group
Pandion Optimization Alliance, a national Group Purchasing Organization (GPO) with a century-long history of delivering cost savings and value to its members, has acquired Blackmaple Group, LLC (BMG), a leading purchasing organization specializing in independent physician practices and women’s healthcare. The acquisition solidifies Pandion’s position as the premier GPO for women’s health providers in the United…
Forever 21 files for bankruptcy again
LOS ANGELES: Fast-fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday, marking its second bankruptcy filing in six years as the company struggles with declining mall traffic and fierce competition from online retailers. The U.S. operating company, which operates approximately 350 stores nationwide, said it was unable to find a buyer and will likely liquidate…
Herbalife to acquire Pro2col, Pruvit, and Link BioSciences
LOS ANGELES: Herbalife Ltd. (NYSE: HLF) announced plans to expand its health and wellness portfolio through a series of strategic acquisitions, positioning itself as a leader in personalized nutrition. The company revealed it has signed a binding memorandum of understanding to acquire 100% of Pro2col Health LLC, a health-focused digital platform, and Pruvit Ventures Inc.,…
Euna Solutions acquires AmpliFund
Euna Solutions, a leading provider of best-in-class SaaS solutions purpose-built for the public sector, today announced the acquisition of AmpliFund, a leading grant management platform provider. This strategic move enhances Euna Solutions’ existing grant management product suite, further solidifying its commitment to delivering innovative and comprehensive tools for government agencies, nonprofits, and other public sector…
WNS Holdings has acquired Kipi.ai
WNS Holdings Limited, a digital-led business transformation and services company, announced today that it has acquired Kipi.ai, a leader in data modernization and democratization services focused on the Snowflake platform. Founded in 2021 and headquartered in Houston, Texas, Kipi.ai offers strategy, execution, and managed service capabilities across data engineering, advanced analytics, and data science. The company, recognized…