PARIS, FRANCE: AERKOMM Inc., a trailblazer in satellite technology, has teamed up with IX Acquisition Corp to create a new entity, AKOM Inc. This strategic merger is underpinned by a definitive Business Combination Agreement and bolstered by a US $35 million private placement. The fusion of these two entities is set to revolutionize the satellite…
Thor Explorations expands gold mining interests in Senegal
LONDON, UK: Thor Explorations Ltd. has successfully expanded its mining portfolio in Senegal by acquiring significant interests in two key licenses. The company now holds up to an 85% stake in the Douta-West License and up to 80% in the Sofita License, both pivotal to the advancement of the Douta Gold Project. Key Developments: Acquisition…
Eurofins Scientific has acquired Ascend Clinical in the United States
LUXEMBOURG: Eurofins Scientific (EUFI.PA), a global leader in bioanalytical testing, has announced the successful acquisition of Ascend Clinical, LLC, the premier independent kidney dialysis laboratory in the United States. Ascend Clinical, known for its cutting-edge laboratory in Sunnyvale, California, and a dedicated team of 170 professionals, has been at the forefront of providing comprehensive testing…
M Vest Water announces first sales in the Middle East oil & gas produced water treatment market
BERGEN, NORWAY: M Vest Water (EURONEXT: MVW) today announced that, through an established partnership, MVW has been awarded the supply of process equipment and chemicals for an especially important Produced Water Reuse project in the Middle East. The MVW supply includes the NORWAPOL® and the NORWAFLOC® technology as an integrated part of a larger environmentally…
East Star Resources Plc eyes partnership for Verkhuba Copper deposit
LONDON: East Star Resources Plc (LSE: EST), is exploring strategic options for its Verkhuba copper deposit in Kazakhstan. The company has opened a data room to facilitate a potential joint venture, farm-out, or outright sale of the deposit, following interest from various entities. Key Points: In parallel with the transaction process, East Star Resources is…
Elcogen AS has announced strategic investment by Baker Hughes
LONDON, UK: HydrogenOne Capital Growth’s portfolio company Elcogen AS has announced a strategic investment by Baker Hughes, part of an overall funding package totalling €140 million. This funding will be used to continue to scale up Elcogen’s leading solid oxide cell technology (SOEC) for green hydrogen. The investment by Baker Hughes, which follows strategic investment…
AB Dynamics has acquired Venshure Test Services for $30 million
LONDON, UK: AB Dynamics (AIM: ABDP) announced the acquisition of Venshure Test Services LLC (VTS). Venshure Test Services is a leading provider of dynamometer-based testing services to the automotive sector in the USA, particularly focussed on the development and deployment of electric vehicles (EV) for US based automotive OEMs. Headquartered in Chelsea, Michigan, VTS offers…
Genmab A/S acquires ProfoundBio in a landmark $1.8 billion deal
Genmab A/S (Nasdaq: GMAB) has announced the acquisition of ProfoundBio, Inc., a clinical-stage company specializing in advanced antibody-drug conjugates (ADCs) for cancer treatment. The all-cash transaction, valued at $1.8 billion, is set to enhance Genmab’s clinical pipeline and expand its proprietary technology platforms. ProfoundBio, known for its innovative ADC technologies targeting ovarian cancer and other…
MEDIROM Healthcare Technologies to acquire Japan Gene Medicine Corporation for 2.4 billion yen
NEW YORK: MEDIROM Healthcare Technologies Inc., a leader in the health management services industry, has announced its decision to acquire Japan Gene Medicine Corporation, aiming to make it a subsidiary. The announcement came following a Board of Directors meeting on March 29, 2024, where a Memorandum of Understanding (MOU) was agreed upon to initiate the…
SLB to acquire ChampionX Corporation in an all-stock transaction
HOUSTON: SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) announced today a definitive agreement for SLB to acquire ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. According to the terms of the agreement, ChampionX shareholders will receive 0.735 ordinary shares of SLB in exchange for each share…
Mitsubishi Electric acquires French air-conditioning company, AIRCALO
Mitsubishi Electric Corporation has announced the full acquisition of French air-conditioning company AIRCALO through its subsidiaries Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. and Mitsubishi Electric Europe B.V. The acquisition, completed on April 2, marks a significant step for Mitsubishi Electric as it aims to capitalize on AIRCALO’s extensive product range and exceptional customization…
Lithium Energy and NOVONIX announce merger and Axon Graphite IPO
SYDNEY, AUSTRALIA: Lithium Energy Limited (ASX:LEL) and NOVONIX Limited (ASX:NVX) have announced the merger of their adjoining Queensland Graphite Assets into a new entity, Axon Graphite Limited. The merger is set to revolutionize the Battery Anode Material (BAM) sector with the creation of a vertically-integrated company that will be listed on the ASX through an…