The advent of artificial intelligence (AI) is reshaping the personal computer (PC) industry, with tech giants like Apple and NVIDIA already dominating the creative and gaming sectors. This shift leaves significant room for growth in the enterprise and developer markets, as highlighted in a recent report by Omdia. According to Omdia’s study, “AI PCs: An…
LaPhair Capital Partners has acquired Kinexx Modular Construction
LaPhair Capital Partners, an innovation focused, early-stage investment firm today announced the acquisition of Kinexx Modular Construction, a pioneer in modular building solutions. This strategic acquisition marks a significant milestone in LaPhair Capital Partners’ mission to advance innovation in urban areas and to expand on its commitment to increasing economic opportunity in underserved markets. Kinexx…
DNB reports Strong Q1 2024 results: NOK 10.2 billion profit amid resilient economy
OSLO, NORWAY: DNB, Norway’s premier financial institution, has disclosed its financial outcomes for the first quarter of 2024. The bank’s profit was reported at NOK 10.2 billion, a slight decrease of 2.6 percent or NOK 0.3 billion from the same period last year. Despite this minor dip, the results are indicative of a strong performance,…
Blue Ocean to acquire 39.03% of Golden Energy Offshore Services for $39.5 million
OSLO, NORWAY: Blue Ocean GEOS MI LLC has entered into a binding share purchase agreement to acquire 195,796,161 shares of Golden Energy Offshore Services AS (GEOS) common stock, representing 39.03% of the issued share capital, from funds managed by Oaktree Capital Management, L.P. for a total consideration of USD 39.5 million. The transaction is expected…
Legrand has acquired Enovation and Netrack
Legrand (Paris:LR) has announced the acquisition of two leading companies in the burgeoning fields of assisted living, healthcare, and datacenters. This strategic expansion is set to fortify Legrand’s position in its rapidly growing segments. Enovation: Pioneering Healthcare Software Dutch company Enovation, a frontrunner in the healthcare software industry, is now part of the Legrand family….
BenevolentAI refocuses business strategy, cuts workforce by 30%
Amsterdam-based biopharma AI leader BenevolentAI announced a strategic shift to concentrate on AI-driven drug discovery and proprietary pipeline revenue streams. The decision follows the discontinuation of its Knowledge Exploration Tools due to high commercialization costs and a lengthy ROI timeline. This pivot is expected to enhance shareholder returns. The company will reduce its workforce by…
Falcon Oil & Gas signs gas sales agreement with Northern Territory Government
LONDON: Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) has announced the signing of a significant Binding Agreement under the Beetaloo Joint Venture (BJV). The agreement outlines a long-term Gas Sales Agreement (GSA) with the Northern Territory Government to supply an annual volume of 14.6 petajoules (13.8 billion cubic feet) of gas from the…
Monument Therapeutics accesses £1.5m for schizophrenia clinical development
LONDON, UK: Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, announced that Monument Therapeutics Limited has completed a £1.0 million fundraise and announced a further £0.5 million grant funding for the development of a Schizophrenia treatment. Monument was spun out of Cambridge Cognition in 2021, with the…
Ascent Resources invests in GNG Partners LLC
LONDON: Ascent Resources Plc (LON: AST) has made an investment into a private US holding company, GNG Partners LLC, that has been formed to acquire onshore US midstream gas distribution and processing facilities which includes helium purification and liquefaction. This is the first shaping move for Ascent Resources following a period of deal origination /…
Kistos Plc has acquired EDF Energy (Gas Storage) for £25 million
LONDON: Kistos Plc (LSE: KIST) has announced the successful acquisition of EDF Energy (Gas Storage) Limited, a subsidiary of EDF Energy (Thermal Generation) Limited. The deal, valued at £25 million, was finalized following the initial announcement on February 20, 2024, and marks Kistos’s foray into the gas storage sector. The acquisition includes two key onshore…
JD Sports Fashion signs deal to acquire Hibbett Inc. for $1.08 billion
LONDON, UK: JD Sports Fashion Plc, the leading global retailer of sports, fashion and outdoor brands, has signed an agreement to acquire Hibbett Inc., a company listed on the Nasdaq, for a price of $87.50 per share in cash, implying an equity value of $1,083 million and an enterprise value of $1,109 million. Régis Schultz,…
TotalEnergies to acquire remaining 50% in SapuraOMV for $530 million
PARIS: TotalEnergies (NYSE:TTE) has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second half of 2024. This agreement follows a first agreement…