In the heart of Stuttgart, a new era of automotive innovation is taking shape. Mercedes-Benz, in collaboration with BYD, one of China’s foremost pioneers in new energy vehicles, has unveiled their latest creation under the esteemed DENZA brand. This luxury car, a fusion of elegance and cutting-edge technology, recently graced the city’s streets, turning heads…
McDonald’s acquires back 225 outlets from Israeli franchise amid continuing genocide
McDonald’s Corporation has announced the acquisition of all 225 outlets of its Israeli franchise from Alonyal Ltd., a company owned by Israeli entrepreneur Omri Padan for over three decades. This decision comes after a period of significantly reduced sales, influenced by a pro-Palestinian boycott during the recent Israel’s ongoing genocide in Gaza. The fast-food giant…
Johnson & Johnson acquires Shockwave Medical in a $13.1 billion deal
Johnson & Johnson (NYSE: JNJ) has announced the acquisition of Shockwave Medical, Inc. (Nasdaq: SWAV) for a staggering $335.00 per share in cash, totaling an enterprise value of approximately $13.1 billion, inclusive of cash acquired. This definitive agreement, approved by both companies’ boards of directors, marks a significant expansion of Johnson & Johnson MedTech’s footprint…
Epiq Solutions acquires CyberRadio Solutions, a division of G3 Technologies
Epiq Solutions, backed by The Veritas Capital Vantage Fund, has successfully completed the acquisition of CyberRadio Solutions, a division of G3 Technologies known for its advanced radio frequency (RF) products. CyberRadio Solutions, established in 2011, has been at the forefront of developing high-performance RF receivers and embedded signal processing platforms. Their products are distinguished by…
Aramco partners with GCT Semiconductor for 5G development in Saudi Arabia
In a move to advance Saudi Arabia’s 4G and 5G infrastructure, Aramco has entered into a strategic partnership with GCT Semiconductor Holding Inc., a prominent player in the 5G and 4G semiconductor arena. The Memorandum of Understanding paves the way for the two companies to collaborate on designing and developing chipsets and modules optimized for…
L3Harris Technologies divests Antenna Business to Kanders & Company for $200m
L3Harris Technologies, listed as LHX on the New York Stock Exchange, has entered into a final agreement for the sale of its antenna operations and associated divisions to a subsidiary of Kanders & Company, Inc. The deal, valued at $200 million, is anticipated to be finalized within this quarter, pending standard closing conditions and regulatory…
PanTher Therapeutics appoints John Edwards as Executive Chair
PanTher Therapeutics, a pioneer in localized cancer treatment, has announced the appointment of John Edwards as the Executive Chair of its Board of Directors. Edwards, a seasoned biopharmaceutical executive with over 35 years of experience, is recognized for his role in the development and commercialization of ten FDA-approved biologics and his leadership in eight biotech…
Cloudflare acquires Baselime, a trailblazer in cloud-native observability solutions
Cloudflare, Inc. (NYSE: NET) has announced the acquisition of Baselime, a trailblazer in cloud-native observability solutions. This acquisition marks Cloudflare’s ambitious entry into a new domain, aiming to address the inherent challenges of serverless application observability. Serverless computing has revolutionized the way applications are built, offering a scalable infrastructure without the hassle of management. However,…
NGL Energy Partners has sold New Mexico Ranches for $70 million
NGL Energy Partners LP (NYSE:NGL) has successfully completed the divestiture of its North and South Ranches located in the heart of the Delaware Basin, New Mexico. The transaction, which involved approximately 122,250 acres of combined ranch land, has generated proceeds of around $70 million, inclusive of working capital. This sale marks a significant milestone for…
Infleqtion appoints Matthew Kinsella as new CEO
Infleqtion, a pioneer in quantum information technology, has announced Matthew Kinsella as its new Chief Executive Officer. Kinsella, succeeding Scott Faris who is shifting his focus to policy and investments, brings a wealth of experience from Maverick Ventures, an early investor in Infleqtion where he served as a senior managing director. Cathy Lego, Chair of…
Hitachi Energy contracted to enhance UK’s renewable energy flow
LONDON: Hitachi Energy has secured a contract from SP Energy Networks to engineer and implement a pioneering power quality solution. This initiative is set to revolutionize the stability of the power grid and significantly increase the transmission of renewable energy from Scotland to England. SP Energy Networks, which operates the electricity network for Central &…
CRH has acquired BoDean Company Inc. and Northgate Ready Mix
CRH has announced the acquisition of BoDean Company Inc. and Northgate Ready Mix, LLC, marking the company’s first foray into the Californian market. This move is set to bolster CRH’s capacity to offer comprehensive solutions to the burgeoning Northern California market. The integration of these two companies enhances CRH’s presence in the Western United States…