Ambri, the provider of long-duration Liquid Metal battery storage systems, has agreed to the terms of a stalking horse purchase agreement with a consortium of its lenders, pursuant to which the lender consortium would acquire substantially all of the assets of Ambri, subject to higher and better bids from other parties during an expedited sale…
KKR acquires Leading Healthium Medtech Ltd
KKR, a prominent global investment firm, has announced the acquisition of Healthium Medtech Ltd., a top-tier Indian medical devices company. The transaction, facilitated by funds managed by KKR, involves the purchase from an affiliate of Apax Partners LLP, a distinguished global private equity advisory firm. Healthium, established in 1992, has been at the forefront of…
Arcavi and Waga Energy commission a RNG production unit in north-eastern France
PARIS: Arcavi, a mixed economy company committed to the sustainable management of waste in the Ardennes region, and Waga Energy (EPA: WAGA), a global expert in the production of Renewable Natural Gas (RNG) from landfills, commissioned a RNG production unit at the waste treatment and recovery site IVEDA in Éteignières (Ardennes, France) on April 26,…
Metro Performance Glass CEO Simon Mander has resigned
AUCKLAND: Metro Performance Glass announces that Simon Mander has resigned his position as Group CEO and will be leaving the company on 10 May 2024. Current Director Simon Bennett has been appointed Executive Director, with the leadership team now reporting to him. Shawn Beck the chair said “Simon Mander has led the company through an…
Qantas Group settles with ACCC: $20 million remediation announced
Sydney: Qantas Group has reached a settlement with the Australian Competition and Consumer Commission (ACCC) over the airline’s flight cancellation procedures. The agreement, pending Federal Court approval, includes a $20 million remediation program for passengers affected by the airline’s cancellations, with individual payments ranging from $225 to $450. Additionally, Qantas has agreed to a $100…
Propel Funeral Partners buy four funeral service providers for A$12 million
SYDNEY, AUSTRALIA: In a significant expansion of its network in Australia and New Zealand, Propel Funeral Partners Limited (ASX: PFP) has announced the successful execution of binding agreements to acquire four well-established funeral service providers. The deal, valued at approximately A$12.0 million, marks a strategic move to broaden Propel’s presence in the funeral industry. The…
Openn Negotiation Limited acquires Proffer Group
SYDNEY, AUSTRALIA: Openn Negotiation Limited (ASX: OPN), a leading Australian property technology company, has announced the acquisition of Proffer Group Pty Ltd, a pioneering PropTech business. This strategic acquisition is set to redefine the Australian real estate marketplace by enabling buyers to evaluate and place qualified offers on any residential property, irrespective of its listing…
Chinese Laptops: A Blend of Innovation and Affordability
In the realm of technology, Chinese laptops have emerged as a force to be reckoned with, offering a compelling mix of innovative features and budget-friendly prices. This blog delves into six notable Chinese laptop brands that are reshaping the market landscape. Jumper EZbook X3: The Multi-Purpose Companion Jumper EZbook X3 stands out as a versatile…
Chinese SpacemiT launches RISC-V laptop, MuseBook, priced at around $300
Introducing the SpacemiT MuseBook The MuseBook is a groundbreaking laptop designed by the Chinese startup SpacemiT, tailored for hardware engineers, developers, and DIY enthusiasts. This device is not your average laptop; it’s an innovative tool powered by the K1 octa-core RISC-V chip, setting a new standard in the computing world. Design That Speaks Volumes The…
Berkshire Hathaway reports significant slump in earnings for 2024
Berkshire Hathaway Inc. has announced its operating results for the first quarter of 2024, alongside a comparison with the same period in 2023. The conglomerate urges investors and the media to consult the detailed financial report available in the 10-Q document on their official website, as the summarized information provided does not suffice for an…
Tadawul Group reports remarkable financial growth in Q1 2024
In an announcement, Tadawul Group Holding Co. has released its interim financial results for the quarter ending on March 31, 2024, showcasing significant growth across all financial metrics. The company reported a 72.804% increase in sales/revenue, jumping from SAR 224.3 million in the same quarter of the previous year to SAR 387.6 million. This also…
Water Engineering Inc. expands with acquisition of WET Solutions Inc.
Water Engineering, Inc. (WEI), headquartered in Omaha, NE, has successfully acquired Schaumburg, IL-based WET Solutions, Inc. This acquisition marks a significant step in WEI’s expansion, bringing together two leading providers of water treatment solutions. Steve Hallier, co-founder and owner of WET Solutions, retains an ownership stake and will continue his role to ensure a seamless…