Workato, a leader in enterprise orchestration, announced Thursday its acquisition of DeepConverse, a platform specializing in generative AI-based support automation. The purchase aims to strengthen Workato’s capabilities in AI-driven customer service automation. DeepConverse, founded in 2016, is known for its expertise in AI-powered search and customer support automation. By joining forces with Workato, the company seeks to…
Braze announces agreement to acquire OfferFit for $325 million
Braze Inc. (Nasdaq: BRZE), the leading customer engagement platform, has entered into a definitive agreement to acquire OfferFit, an AI decisioning company, in a deal worth $325 million. The transaction, announced Friday, remains subject to customary closing adjustments. AI decisioning agents, known for their ability to autonomously experiment, learn, and deliver personalized experiences, are at…
Corporate Travel Management CEO Greg McCarthy set to step down
SYDNEY: Corporate Travel Management (ASX: CTD) on Friday announced a leadership change for its Australia and New Zealand division, with current CEO Greg McCarthy set to step down on June 30, 2025. Jo Sully, a former General Manager and Regional Vice President for Asia-Pacific at American Express Global Business Travel, will succeed McCarthy. Sully will…
Woodside divests Greater Angostura assets to Perenco for $206 million
TRINIDAD AND TOBAGO: Woodside Energy has announced the sale of its Greater Angostura assets in Trinidad and Tobago to Perenco, an independent hydrocarbon producer, for $206 million. The deal includes Woodside’s stakes in the shallow water Angostura and Ruby offshore oil and gas fields, along with associated production facilities and an onshore terminal. The transaction, expected to…
Mobile Streams announces Estadio Gana launch in Mexico
LONDON: Mobile Streams Plc announced the successful launch of Estadio Gana, an online casino and sportsbook brand, in Mexico. The platform, previously referred to as “Bet” by MOS shareholders, is now live at www.estadiogana.mx following a VIP testing phase. The state-of-the-art sportsbook and casino platform is set to captivate Mexican sports enthusiasts and gaming fans with its cutting-edge offerings….
Warehouse REIT Board signals potential acceptance of Blackstone Europe offer
LONDON: Warehouse REIT PLC announced Monday that its Board received a final indicative, non-binding proposal from Blackstone Europe LLP on behalf of affiliated investment funds for a possible all-cash offer to acquire its share capital. The proposed offer of 115 pence per share values Warehouse REIT at approximately £489 million and reflects a premium of up to…
LondonMetric Property agrees to acquire Highcroft Investments
LONDON: LondonMetric Property (LSE: LMP) announced Thursday its agreement to acquire Highcroft Investments PLC (TISE: HCFT) through an all-share offer. The acquisition will be effected via a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. Under the terms of the deal, Highcroft shareholders will receive 4.65 new LondonMetric shares for each Highcroft share…
Drax and Power Minerals to establish facility for processing pulverised fuel ash
LONDON: Drax Power Limited has entered into a 20-year joint venture agreement with Power Minerals Limited (PML) to establish a cutting-edge facility for processing pulverised fuel ash (PFA) into supplementary cementitious material (SCM). This innovative material will lower the carbon footprint of cement production, offering a sustainable solution for the construction industry. The facility will be located…
Block Energy acquires stake in Georgia’s XIQ production sharing contract
Block Energy plc (AIM: BLOE), a production and development company, has acquired a 10% participating interest in the XIQ Production Sharing Contract (PSC) in Georgia, with the option to increase its stake to 22%, the company announced Thursday. The XIQ licence is highly promising, with estimated mean unrisked recoverable resources of 451.5 million barrels (MMbbl) of…
Somero Enterprises appoints Tim Averkamp as CEO
LONDON: Somero Enterprises has announced the appointment of Tim Averkamp as its new Chief Executive Officer, effective April 1, 2025. The decision follows a comprehensive selection process to identify the ideal candidate for the role. Averkamp brings three decades of international experience in industrial manufacturing, construction machinery, and equipment innovation. He most recently served as Chief…
DP Poland acquires Pizzeria 105 in for £8.5 million
WARSAW: DP Poland, the operator of Domino’s Pizza stores in Poland and Croatia, has acquired Pizzeria 105, a franchised quick-service pizza chain with 90 locations across Poland, for 42.3 million Polish złoty (about £8.5 million). The seller, Marcin Ciesielski, will reinvest one-third of the proceeds—approximately 13.4 million złoty (£2.7 million)—into DP Poland by purchasing 23.6 million new…
CLS sells Spring Mews Student for £101.1 million
LONDON: CLS Holdings Plc announced that it has unconditionally exchanged on the sale of its student accommodation asset, Spring Mews Student, located in Vauxhall, London, to Rosethorn Capital Partners and Barings for £101.1 million in net cash consideration. The transaction, which aligns with the December 31, 2024, valuation, represents an 8.1% increase from the 2023 year-end valuation….