Apple on Monday unveiled its long-awaited, artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant as it rolled out new software, beginning in test mode next month. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” Chief…
abrdn plc appoints Jason Windsor as Group CEO
LONDON: Jason Windsor, previously Group Chief Financial Officer and currently Interim Group Chief Executive Officer, has today been appointed as Group Chief Executive Officer (CEO) of abrdn plc. On 24 May 2024, abrdn announced the commencement of the process of moving to fresh leadership, following the strategic repositioning of the company to a specialist asset…
Food fermentation startup Formo secures $61 million in Series B funding
BERLIN: German food fermentation startup Formo has secured $61 million in Series B funding to scale its operations. The round includes existing investors, such as Foodlabs, EQT Ventures, Lowercarbon Capital, Happiness Capital, Elevat3 Capital and Grazia Capital, and welcomes new investors, such as Sazaby League, Seven Ventures, Woodline Partners, The Nature Conservancy as well as…
AngloGold Ashanti offers to acquire Centamin Plc in a $2.5 billion deal
LONDON: AngloGold Ashanti has agreed the terms of a recommended acquisition of Centamin Plc, an established gold producer, whose flagship Tier 1 asset is the Sukari gold mine, which is Egypt’s largest and first modern gold mine, as well as one of the world’s largest producing mines. Since production began in 2009, Sukari has produced over 5.9…
Renold plc has acquired MAC Chain Company for $31.4mn
LONDON: Renold plc, a leading international supplier of industrial chains and related power transmission products, has acquired the trade and net assets of MAC Chain Company Ltd (U.S.) and the entire issued share capital of MAC Chain Company Limited (Canada), for a total cash consideration of US$31.4 million. MAC Chain is being acquired on a…
Hill & Smith has acquired Whitlow Electric Service Company for $30.2mn
LONDON: Hill & Smith PLC today announced the acquisition of Whitlow Electric Service Company. The Group has completed the acquisition of the business and assets of Whitlow from its shareholder, Bruce Whitlow, who will be staying with the business. The cash consideration is $30.2m (c.£23m), on a debt and cash free basis. Whitlow Electric Service, located…
Aldon Oils agrees to acquire Calima Energy Inc.
SYDNEY: Calima Energy Limited (ASX:CE1) has entered into a binding definitive agreement with Aldon Oils Ltd. to sell 100% of its ownership in its wholly owned Canadian subsidiary, Calima Energy Inc., the owner of thecompany’s paradise field assets for a cash consideration of A$1.3 million. The proceeds are intended to be used to fund the…
Convergint has acquired Esscoe, a provider of fire and life safety systems
Convergint, a global leader in service-based systems integration, today announced that it has acquired Esscoe, a premier provider of mission-critical security and fire and life safety systems in the Chicago and Midwest regions. Esscoe is a local market leader, offering exceptional design and engineering capabilities and fully integrated, tech-enabled security solutions. The acquisition enables Convergint…
HGGC to sell AMI, a global leader in firmware solutions
HGGC, a values-driven middle-market private equity firm with over $6.9 billion of cumulative capital commitments, today announced that it has signed a definitive agreement to sell AMI (or “the Company”) to investment firm THL Partners. Terms of the private transaction were not disclosed. The transaction is expected to close in Q4 2024, pending regulatory approvals. AMI…
Ardurra Group has acquired W.K. Dickson & Co.
Ardurra Group Inc. (Ardurra) today announced the acquisition of W.K. Dickson & Co. Inc. (WK Dickson), a leading multidisciplinary infrastructure consulting firm based in Charlotte, North Carolina. Ardurra, ranked #84 on Engineering News-Record’s (ENR) Top 500 list, is known for delivering complex engineering and design services to public and private entities across the United States….
Global executive talent platform, True, has acquired Paradigm Search
True, the only tech and data-first global executive talent platform, announced today their acquisition of Paradigm Search, known for their ability to place elite engineering and product leaders. Founder and CEO Matt Johnson and the Paradigm team will join True’s Product, Data & Technology (PDT) practice. “Matt and the Paradigm team have an excellent and…
Dubber Corporation appoints Matthew Bellizia as its new CEO
SYDNEY: Dubber Corporation Limited [ASX:DUB] announced the appointment of Matthew Bellizia as its new CEO, effective from 10 September 2024. Matthew comes to the role with extensive and relevant global technology business experience. His most recent role for 20 years was co-founder and CEO of Mobile Tracking and Data Pty Ltd (MTData), a business which…