LONDON: Empresaria Group plc (AIM: EMR), a global specialist staffing firm, confirmed it has received an unsolicited indicative takeover proposal from Planmatics Limited, a newly formed entity controlled by a consortium of investors. The consortium — comprising Peter Gregory, Nigel Marsh, and Ashok Vithlani — has proposed to acquire the entire issued and to-be-issued share…
Venture Global signs 20-year LNG supply deal with Petronas
HOUSTON: Venture Global, Inc. (NYSE: VG) has signed a 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of Malaysia’s state-owned energy giant PETRONAS, the company announced Friday. Under the agreement, PETRONAS will purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global’s third export facility,…
SkyDrive raises ¥8.3 billion in pre-series D round; Welcomes JR East and JR Kyushu as strategic partner
Japan’s eVTOL pioneer accelerates certification and development with new capital and expanded railway alliances TOKYO: SkyDrive Inc., a leading Japanese manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, announced Friday it has raised ¥8.3 billion in Pre-Series D funding through a third-party allotment. The round was led by MUFG Bank, Ltd., with participation from…
HKW acquires Electric Equipment & Engineering Co. to expand engineered power solutions portfolio
DENVER: Middle-market private equity firm HKW has acquired Electric Equipment & Engineering Co. (EEE), a longtime manufacturer of engineered electrical power products serving the power, telecommunications and broadband industries. Founded in 1922 and based in Denver, EEE designs and manufactures customized AC and DC power distribution products, including switchgear, generator connection boxes, transfer switches and…
Shift4 acquires Global Blue, expanding global commerce reach
ZURICH: Shift4 Payments, Inc. (NYSE: FOUR), a leader in integrated payments and commerce technology, has successfully completed its acquisition of Global Blue Group Holding AG (NYSE: GB), a leading provider of tax-free shopping and dynamic currency conversion solutions. The deal, valued at $7.50 per share, solidifies Shift4’s position as a global unified commerce provider. The tender offer, which expired…
Olo Inc. to be acquired by Thoma Bravo in $2 billion all-cash deal
NEW YORK: Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants, announced Friday it has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at approximately $2.0 billion. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash,…
Sia expands European footprint with acquisition of Dutch AI consultancy Precedence
AMSTERDAM: Sia, a next-generation global consulting group, has acquired Precedence, a Netherlands-based consultancy specializing in AI-driven transformation, in a move that strengthens its presence in the Benelux region and accelerates its European growth strategy. The acquisition follows a strategic minority investment of up to €250 million by Blackstone, the world’s largest alternative asset manager, in…
Treetop Companies acquires Inducon Business Park Near Buffalo Airport
WILLIAMSVILLE: Treetop Companies, a privately held real estate investment firm with a growing national industrial portfolio, has acquired Inducon Business Park, a 12-building, 293,962-square-foot light industrial campus adjacent to Buffalo Niagara International Airport. The seller was Time Equities, Inc., and the transaction was brokered by Joe Hill of CBRE. Located in Williamsville, New York, the…
Ziff Davis completes three strategic acquisitions in Q2 2025
NEW YORK: Ziff Davis, Inc. (NASDAQ: ZD) announced Friday that it completed three acquisitions during the second quarter of 2025, expanding its global footprint and diversifying its product offerings across key verticals. The acquisitions include: The company said the deals will grow its global customer base, provide access to new markets, and enhance its portfolio…
European shares rise on strong U.S. jobs data, trade talks momentum
Bank stocks climb, renewable energy surges as trade optimism and U.S. job data fuel European market gains LONDON: European stocks advanced Thursday as investors welcomed unexpectedly strong U.S. jobs data, which bolstered global equities and lifted bank shares across the region. Hopes for a trade accord between the European Union and the United States also…
U.S. stocks rally to record highs as jobs report boosts confidence
Dow surges nearly 350 points, closes just shy of record as jobs data reinforces economic strength U.S. stocks surged Thursday, wrapping up a holiday-shortened trading week with broad gains across major indexes. A stronger-than-expected June jobs report helped reinforce investor confidence in the economy, propelling the S&P 500 and Nasdaq Composite to fresh record highs….
Vault Ventures completes acquisition of UK AI firm System7
LONDON: Vault Ventures Plc (AQSE: VULT), a publicly traded technology development company focused on blockchain, artificial intelligence and augmented reality, has completed its acquisition of System7, a UK-based AI development agency. Vault Ventures said Wednesday that the transaction follows a share purchase agreement signed after the initial announcement on June 30. The total consideration for…