China’s BYD has announced its plans to roll out its inaugural electric pickup truck. This strategic launch positions the Chinese automotive powerhouse to go head-to-head with industry stalwarts such as Ford and Tesla. A Global Contender Emerges The upcoming midsize-to-large pickup truck is tailored for the international stage, according to BYD’s recent press release. While…
NKT invests in medium-voltage power cable business
In response to the surging demand for medium-voltage power cables, essential for European grid upgrades and renewable energy projects, NKT has announced significant investments to enhance production capabilities at its facilities in Denmark, Sweden, and the Czech Republic. The move aims to bolster NKT’s capacity to meet the needs of electrical grid operators undertaking extensive…
Reply Group launches LoopMind: An AI monitoring and compliance platform
Reply Group’s Sprint Reply has launched LoopMind. This innovative platform promises to revolutionize the way organizations monitor, secure, and comply with regulations when using artificial intelligence. LoopMind stands out with its ability to provide complete visibility into AI-driven workflows, ensuring adherence to the European AI Act’s standards. It emphasizes the importance of human oversight through…
Hexagon acquires asset performance management software firm, Itus Digital
STOCKHOLM: Hexagon, a leader in digital reality solutions, has expanded its portfolio by acquiring Itus Digital, a specialist in asset performance management (APM) software based in Roanoke, Virginia. This strategic move bolsters Hexagon’s HxGN EAM platform and complements its existing product range. APM is a strategic approach in industrial operations aimed at boosting reliability, maximizing…
Cainvest and OKX forge partnership to enhance crypto trading
Cainvest, a prominent financial institution, has announced a strategic partnership with OKX, a global leader in Web3 technology and cryptocurrency exchange. This alliance aims to bolster Cainvest’s stature as a major liquidity provider in Brazil and provide OKX’s 50 million users with improved liquidity options for Brazilian Reais token pairs. Charles Aboulafia, CEO of Cainvest,…
Once For All has acquired Nalanda Global in Spain
Once For All, a prominent provider of supply chain compliance and sustainable sourcing solutions, has acquired Nalanda Global, a top Spanish software platform specializing in supply chain risk and compliance management. This acquisition marks a significant expansion for Once For All into the Spanish market and is set to enhance its technology platform with a…
ECO Animal Health Group streamlines operations with Sale of ECOmectin® Horsepaste
LONDON, UK: ECO Animal Health Group plc (AIM: EAH), known for its expansive portfolio of veterinary products and a burgeoning R&D pipeline, has announced the sale of its ECOmectin® Horsepaste to ACME Drugs S.r.l, a trusted manufacturing partner based in Italy. The deal, valued at €1.3 million, marks a significant step in ECO’s ongoing efforts…
Kore Potash Plc appoints M. André Baya as Chief Executive Officer
LONDON: Kore Potash Plc, the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, announced the appointment of Mr J. M. André Baya as Chief Executive Officer (‘CEO’) effective from 15 April 2024. André has over 20 years of experience in…
GetBusy plc has acquired trade and assets of SmartPath LLC
LONDON, UK: GetBusy plc (AIM: GETB), a leading provider of productivity software for professional and financial services, announced the acquisition of the trade and assets of SmartPath LLC, the pricing intelligence and revenue optimisation platform for the accounting industry. The acquisition broadens the Group’s product offering into the pricing and small-practice management space in the…
ServicePoint has bought SmartSource LLC
ServicePoint, a Mill Point Capital LLC portfolio company, has officially acquired SmartSource LLC, a prominent provider of technology services nationwide. This acquisition marks a significant step for ServicePoint, enhancing its operational scale and customer base across the United States. SmartSource, headquartered in St. Charles, Illinois, specializes in IT staffing, multi-site deployment, and technical solutions, primarily…
Suncorp to sell its New Zealand business, Asteron Life for NZ$410m
SYDNEY, AUSTRALIA: Suncorp Group Limited (ASX: SUN) has signed a share sale and purchase agreement with Resolution Life to sell its New Zealand life insurance business, Asteron Life Limited. Suncorp’s New Zealand general insurance business remains unchanged and part of the Suncorp Group. The sale of Asteron Life for NZ$410 million includes an upfront payment…
Omniwire receives $2 million investment to Fuel Fintech Innovation
Omniwire, a pioneering company at the forefront of financial technology, has announced a substantial $2 million investment. This new funding is set to propel the company’s mission to revolutionize the fintech landscape with cutting-edge solutions. The investment marks a pivotal moment for Omniwire, enabling the company to accelerate its growth trajectory and expand its suite…