LONDON, UK: Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in precision power conversion, has made a public offer to acquire XP Power Limited (LSE: XPP). The offer, detailed in a series of escalating bids, culminated in a £19.50 per share cash proposal, valuing XP Power’s equity at a staggering £468 million. The journey…
CVS Group announces disposal of non-core operations in the Netherlands and Ireland
LONDON: CVS Group Plc, the UK listed veterinary group and a leading provider of veterinary services announced the disposal of its non-core operations in the Netherlands and the Republic of Ireland. In light of the Group’s significant investment opportunities in Australia and through capital expenditure in its existing UK operations, CVS has reviewed its Netherlands…
AstraZeneca to deliver $80 billion revenue by 2030
LONDON: AstraZeneca revealed its bold ambition to deliver $80 billion in Total Revenue by 2030, up from $45.8 billion in 2023. This will be achieved through significant growth in its existing oncology, biopharmaceuticals and rare disease portfolio, and by launching an expected 20 new medicines before the end of the decade. To drive sustained growth…
Power Metal Resources acquires 75% stake in GSAe
Power Metal Resources, a London-listed exploration company, has completed the acquisition of a 75% stake in GSAe, a technology provider specializing in the extraction of critical metals from secondary sources. The deal, initially announced on February 29, 2024, follows successful due diligence and the execution of the Share Purchase Agreement. GSAe, founded in 2003, is…
Halliburton boosts local content in Africa, seeks interest in oil & gas ventures
JOHANNESBURG: Multinational oil service company Halliburton has taken a significant step toward enhancing local participation in the oil and gas sector. The company is inviting eligible local businesses to submit an Expression of Interest (EOI) for the supply of goods and services across various categories within the industry. This move aims to assess local interests…
Callinex Mines signs agreement to acquire 100% interest in the Alberts Lake Project
VANCOUVER, BC: Callinex Mines Inc. has announced the signing of an option agreement with Voyageur Mineral Explorers Corp. to acquire a 100% interest in the Alberts Lake Project. This acquisition is part of a broader initiative to expand the company’s flagship Pine Bay Project, which now spans over 11,859 hectares in the prolific Flin Flon…
Grayscale Investments appoints Peter Mintzberg as CEO
STAMFORD: Grayscale Investments, the world’s largest crypto asset manager, today announced the appointment of Peter Mintzberg as Chief Executive Officer, effective August 15, 2024, at which time Mintzberg will also join Grayscale’s Board of Directors. Peter Mintzberg succeeds Michael Sonnenshein, who has stepped down from the position to pursue other interests. In the intervening period,…
Empire Diversified Energy and Heartland Water Technology announce renewable hydrogen project
FOLLANSBEE, West Virginia: Empire Diversified Energy and Heartland Water Technology have announced their collaboration with Empire Green Generation to establish a cutting-edge facility aimed at transforming food waste into renewable hydrogen and carbon. This initiative is part of the Department of Energy’s Appalachian Regional Clean Hydrogen Hub (ARCH2) and marks a pivotal advancement in waste-to-hydrogen…
Archer Aviation partners with Etihad Training to launch eVTOL pilot program in UAE
RIYADH, Saudi Arabia: Archer Aviation Inc., a pioneering force in electric vertical takeoff and landing (eVTOL) technology, has inked a memorandum of understanding with Etihad Training. This strategic alliance is set to kickstart a comprehensive pilot recruitment and training initiative for Archer’s state-of-the-art Midnight aircraft in Abu Dhabi, marking a significant leap towards establishing an…
Jaime Ramirez appointed new Chief Executive Officer of Fluidra
BARCELONA: Fluidra, the global leader in equipment and connected solutions in the pool and wellness sector, appoints Jaime Ramirez as the company’s new Chief Executive Officer (CEO) effective 1 June 2024. Since the merger with Zodiac in 2018, Fluidra has established its position as a global market leader; developed its product portfolio, services and solutions;…
Dubai Mall announces Elite Personal Shopping Suite for unparalleled luxury experience
DUBAI, UAE: In a grand move to elevate the luxury retail landscape, Dubai Mall has launched the Elite Personal Shopping Suite. Managed by Emaar Malls, this exclusive service is nestled on the second floor of Fashion Avenue, promising a transformative shopping experience for the elite clientele. Following a record-breaking footfall of 105 million in 2023,…
Veidekke signs memo to acquire Euromining AB in Sweden for NOK 500 million
OSLO, NORWAY: Veidekke has entered into a memorandum of understanding relating to its acquisition of the company Euromining AB in Gällivare, Sweden, a machinery contractor focused on the mining industry. Euromining’s business complements Veidekke’s existing operations in northern Sweden, which currently concentrate primarily on infrastructure and mining newbuild projects. The acquisition encompasses not only Euromining…