Adjusted profit before tax surged 24% to £74.3 million, driven by broad-based growth LONDON: Genus plc reported a robust financial performance for the year ended June 30, 2025, with adjusted profit before tax rising 24% to £74.3 million, driven by broad-based growth across its porcine and bovine genetics businesses and strategic progress in China. Adjusted…
Antin Infrastructure Partners in talks to acquire majority stake in smart mobility firm Matawan
PARIS: Antin Infrastructure Partners (Paris:ANTIN) and smart mobility platform Matawan have entered exclusive negotiations for a majority investment, aiming to accelerate the digital transformation of public transport networks across Europe and North America. Founded in 2012, Matawan provides cloud-based infrastructure for multimodal transit systems, offering account-based ticketing, AI-powered demand optimization, and real-time service data. The…
Econolite opens fourth U.S. manufacturing facility in San Diego to support BABA compliance
SAN DIEGO: Econolite, a leading provider of intelligent traffic management solutions and a subsidiary of Umovity, announced Thursday the opening of a new 50,000-square-foot manufacturing facility in San Diego, California. The expansion marks the company’s fourth U.S.-based production site and reinforces its commitment to the Build America, Buy America Act (BABA). The state-of-the-art facility will…
Vision Ridge Partners acquires Turks and Caicos power utility, rebrands as Pelican Energy TCI
PROVIDENCIALES: Vision Ridge Partners, a global investor in sustainable real assets, has acquired FortisTCI Ltd., the electricity utility serving the Turks and Caicos Islands. The company has been rebranded as Pelican Energy TCI, signaling a renewed commitment to sustainable and resilient energy infrastructure across the territory. Terms of the transaction were not disclosed. Pelican Energy…
CoreWeave to acquire OpenPipe, expanding AI agent training capabilities
NEW YORK: CoreWeave Inc. (NASDAQ: CRWV), the AI Hyperscaler™, said Thursday it has entered into a definitive agreement to acquire OpenPipe Inc., a developer-focused platform specializing in reinforcement learning (RL) for training AI agents. The acquisition strengthens CoreWeave’s position in the AI infrastructure market by integrating OpenPipe’s advanced RL frameworks into its high-performance cloud ecosystem….
Airwallex acquires OpenPay to launch global billing platform
SAN FRANCISCO: Airwallex, a global financial technology firm, said Wednesday it has acquired OpenPay, a San Francisco-based billing platform specializing in subscription management, payment orchestration and revenue analytics. The acquisition aims to integrate OpenPay’s capabilities into Airwallex’s global infrastructure, enabling businesses to automate and scale recurring revenue across borders. Financial terms of the deal were…
Hoffmann Green Cement reports strong H1 2025 growth amid strategic expansion
Net loss widened to €8.4 million, impacted by increased operating costs and depreciation PARIS: Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR), a pioneer in clinker-free cement innovation, reported an 8% year-on-year revenue increase for the first half of 2025, driven entirely by cement sales. The Company’s Supervisory Board reviewed and approved the half-year financials…
Empower Media and Ocean Media Merge to Form second-largest independent agency group in U.S.
NEW YORK: Empower Media and Ocean Media, two of the nation’s leading independent media agencies, have merged to form Empower Ocean Media Group, now the second-largest full-funnel independent media agency group in the United States. The newly formed entity will manage $1.5 billion in combined media billings, according to a statement. The merger brings together…
Hilton Foods reports 10.4% revenue growth amid inflationary pressures
Adjusted profit before tax edged up 0.3% to £33.6 million LONDON: Hilton Foods on Wednesday reported a 10.4% rise in revenue on a constant currency basis for the 26 weeks ended June 29, 2025, driven by strong retail meat and convenience sales across all regions despite inflationary headwinds. Volume rose 2.5% year-on-year to 267,405 tonnes,…
Metronet acquires US Internet to expand fiber footprint in Minneapolis
MINNEAPOLIS: Metronet, recently acquired by a joint venture between T-Mobile and KKR, announced Wednesday it has purchased US Internet (USI), a Minnetonka-based fiber provider serving more than 140,000 homes and businesses in the greater Minneapolis area. Terms of the deal were not disclosed. USI operates a 100% fiber network offering symmetrical internet speeds up to…
Cirata reports strong data integration growth, narrows losses in H1 FY25
Company completed the divestiture of its DevOps assets to BlueOptima in August LONDON: Cirata Plc (LSE: CRTA) reported a 41% year-over-year increase in revenue to $4.8 million for the six months ended June 30, 2025, driven by surging demand for its Data Integration (DI) solutions. The company also narrowed its adjusted EBITDA loss to $4.0…
Global Indemnity’s subsidiary acquires Sayata to boost AI-driven insurance distribution
PHILADELPHIA: Global Indemnity Group, LLC (NYSE: GBLI) announced Wednesday that its subsidiary, Penn-America Underwriters, LLC (PAU), has acquired Sayata, an AI-powered digital distribution platform for commercial insurance. The acquisition aligns with GBLI’s strategic reorganization of PAU to focus on agency and insurance services. Sayata’s integration is expected to accelerate PAU’s roadmap by expanding distribution channels,…