Zohran Mamdani’s NYC Win Signals Progressive Economic Shift with National Implications Zohran Mamdani is a prominent figure in New York’s progressive left, and his election would represent a seismic shift in the city’s—and potentially the country’s—political and economic landscape. Here’s a detailed breakdown of how the election of Zohran Mamdani as Mayor of New York…
Ripple raises $500 million, hits $40 billion valuation amid U.S. crypto policy shift
SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment Group…
VVV Sports Limited signs terms to acquire R3 Sport Limited
LONDON – VVV Sports Limited, a company incorporated in the British Virgin Islands with its ordinary shares admitted to trading on the Aquis Stock Exchange Growth Market, has signed non-binding heads of terms in connection with its proposed acquisition of R3 Sport Limited. The combined business strategy of VVV and R3 is intended to focus on…
Built Cybernetics has disposed subsidiary Anders + Kern U.K. Limited
LONDON: The Board of Built Cybernetics (AIM:BUC), the smart buildings group, confirms that it has disposed of its subsidiary Anders + Kern U.K. Limited (A+K) to Barrie Meehan, A+K’s Managing Director, for a nominal sum. As set out in the Company’s announcement of 1 October the effect of the transaction is to dispose of…
Jabil Inc. to acquire Hanley Energy Group for $725 million
ST. PETERSBURG: Jabil Inc. (NYSE: JBL) said on Wednesday it has entered into a definitive agreement to acquire Hanley Energy Group, a provider of energy management and critical power solutions for data centers, in an all-cash deal valued at approximately $725 million. The agreement includes up to $58 million in contingent consideration tied to future…
Gimv invests in Belgian food tech firm Quality Guard to expand European food safety platform
ANTWERP: Belgian private equity firm Gimv has taken a minority stake in Quality Guard, a fast-growing food tech company that provides a software platform to help foodservice and retail businesses manage food safety compliance. Quality Guard, founded and led by co-CEOs Wim and Achlie Van Gierdegom, offers a SaaS platform that digitizes and automates food…
Medibank to acquire Australia’s primary care provider Better Medical for $159 milliond
SYDNEY: Australian health insurer Medibank Private Ltd said on Wednesday it has agreed to acquire primary care provider Better Medical for approximately $159 million, expanding its foothold in the country’s general practitioner sector. The acquisition of Better Medical, which operates a network of 61 GP and medical clinics across Victoria, Queensland, South Australia, and Tasmania,…
Verbrec to acquire Alliance Automation from Telstra for $5.5 million
Verbrec to acquire Alliance Automation for $5.5 million, divests Competency Training business SYDNEY: Australian engineering services firm Verbrec Limited (VBC.AX) said on Wednesday it has agreed to acquire automation and control company Alliance Automation from Telstra Group Limited (TLS.AX) for an upfront cash consideration of A$5.5 million ($3.6 million). The acquisition, outlined in a share purchase…
Hansen Technologies to acquire UK’s Digitalk in $66 million deal
SYDNEY: Hansen Technologies Limited (ASX: HSN), a global provider of industry-specific software, announced on Wednesday it has entered a binding agreement to acquire 100% of UK-based Digitalk Group Holdings Ltd for an enterprise value of £33.1 million (approximately A$66.4 million). The acquisition, expected to be completed by the end of the 2025 calendar year pending…
DCM Holdings to acquire HOME TECH Inc., expanding renovation footprint in Tokyo Area
TOKYO — DCM Holdings Co., Ltd. said Tuesday it will acquire 100% of HOME TECH Inc., a Tokyo-based renovation and real estate firm, converting it into a consolidated subsidiary effective Dec. 1. The deal, part of DCM’s strategy to evolve into a “Comprehensive Company for Comfortable Living,” will strengthen its presence in the Tokyo metropolitan…
QIAGEN to acquire Parse Biosciences for $225 million in single-cell push
AMSTERDAM – Life sciences company QIAGEN NV said on Monday it has agreed to acquire Parse Biosciences, a provider of single-cell sequencing solutions, for an upfront $225 million in cash, aiming to capture a larger share of the fast-growing market for analyzing individual cells. The deal for the privately held U.S.-based company includes the potential…
CSW Industrials completes $650 million acquisition of MARS Parts
DALLAS — CSW Industrials, Inc. has finalized its acquisition of Motors & Armatures Parts, a leading distributor of HVAC and refrigeration components, for approximately $650 million in cash, the company announced Tuesday. The acquisition of MARS Parts significantly expands CSW’s product portfolio in the heating, ventilation, air conditioning and refrigeration market. The deal adds motors,…