PARIS: Connected Energy and Forsee Power have signed an agreement to jointly develop a modular, scalable energy storage system using repurposed electric vehicle batteries, the companies announced Monday. The partnership will combine Connected Energy’s second-life battery technology with Forsee Power’s ZEN 35 and ZEN 42 battery packs, which are used in roughly 1,500 electric buses…
Knights to acquire Essex-based law firm Birkett Long in £16.6 million deal
LONDON: Legal and professional services firm Knights announced Tuesday it has agreed to acquire Birkett Long LLP and Birkett Long IFA LLP, a regional law firm and independent financial advisory business with three offices in Essex, as part of its expansion strategy. The deal, worth £16.6 million, will bolster Knights’ presence in southeast England and…
Synthomer to sell William Blythe for £30 million
LONDON: Synthomer plc has agreed to sell its inorganic chemistry business, William Blythe Ltd., to its management team and H2 Equity Partners for £30 million, the company announced Tuesday. Founded in 1845, William Blythe specializes in inorganic derivatives used in life sciences, performance coatings, electronics and renewable energy. The Accrington, Lancashire-based business employs about 85…
Intertek to acquire Brazil-based building products testing firm TESIS
LONDON: Intertek Group plc, a global provider of Total Quality Assurance services, announced Monday it has agreed to acquire TESIS – Tecnologia e Qualidade de Sistemas em Engenharia Ltda, a leading building products testing and assurance firm based in São Paulo, Brazil. The acquisition comes as Brazil’s construction industry, valued at $120 billion, is projected…
Optima Health to acquire Care First
LONDON: Optima Health (AIM: OPT), a leading U.K. provider of corporate health and wellbeing solutions, announced Tuesday it has agreed to acquire the trade and assets of Care First, a mental health services provider, from Priory Group for £350,000 (£15,000 net). The deal, structured on a cash-free, debt-free basis, is set to close June 2,…
DoorDash makes final offer of £2.9 billion to acquire Deliveroo
LONDON: The board of directors of DoorDash Inc. has agreed on the terms of a recommended final cash offer to acquire entire issued and to be issued share capital of Deliveroo at the rate of 180 pence in cash for each Deliveroo share. The acquisition values the entire issued and to be issued ordinary share…
DoorDash makes final offer of £2.9 billion to acquire Deliveroo
LONDON: The board of directors of DoorDash Inc. has agreed on the terms of a recommended final cash offer to acquire entire issued and to be issued share capital of Deliveroo at the rate of 180 pence in cash for each Deliveroo share. The acquisition values the entire issued and to be issued ordinary share…
FOS Capital acquires lighting design consultancy, Glowing Structures
MELBOURNE: FOS Capital Limited (ASX: FOS) has acquired specialist lighting design consultancy Glowing Structures in a deal valued at $700,000, the company announced Tuesday. The transaction, finalized May 5, includes an initial $200,000 cash payment, followed by an additional $200,000 in six months. The remaining $300,000 will be issued in FOS ordinary shares at 31…
BioSig Technologies announces plans for merger with Streamex Exchange Corporation
BioSig Technologies, Inc. (NASDAQ: BSGM), a medical technology company, has entered into a Letter of Intent to merge with Streamex Exchange Corporation in an all-stock transaction, the company announced. “This merger represents a transformative opportunity for both our company and our shareholders,” BioSig CEO Anthony Amato said in a statement. “By joining forces with Streamex, we are…
Apple to shift new iPhone launch date schedule starting in 2026
Apple Inc. plans to change its iPhone launch schedule beginning in 2026, according to a report. Instead of releasing all flagship models in the fall, the company will introduce Pro models in the fall and standard iPhones in the spring. The shift is reportedly intended to accommodate new additions to the lineup, including a rumored foldable…
Datadog acquires Eppo to enhance product analytics, experimentation capabilities
SAN FRANCISCO: Datadog, Inc. (NASDAQ: DDOG), a monitoring and security platform for cloud applications, announced Tuesday it has acquired Eppo, a feature flagging and experimentation platform, to integrate with its existing Product Analytics suite. Currently, developers must combine data from multiple tools across engineering, product and business teams to assess the impact of new features. Many…
Vencora acquires Australian banking technology firm Data Action
ADELAIDE: Vencora, a global acquirer of financial services technology companies, announced Monday it has acquired Data Action (DA), a leading Australian provider of core and digital banking solutions. The deal marks Vencora’s first acquisition of an Australian banking technology firm and significantly expands its presence in the region alongside its insurance technology business, SSP. Founded in 1986 as…