AXS, a global frontrunner in ticketing solutions, has announced its acquisition of a majority stake in WRSTBND, a top-tier provider of access control and point-of-sale technologies for live events and venues. This strategic investment marks a significant expansion of AXS’s dedication to elevating the fan experience at events, with a focus on simplifying entry and…
Closing the Gap: SEC Champions Gender Pay Equality in Pakistan’s Corporate Sector
Securities and Exchange Commission of Pakistan (SECP) has introduced a transformative directive that mandates all listed companies to disclose the gender pay gap in their annual reports. This directive is not an isolated initiative but is intricately connected to the broader vision of the Prime Minister’s Women Empowerment Package 2024, which underscores the government’s commitment…
MANTRA unveils new incubator at Dubai World Trade Center
DUBAI, UAE: In a move to bolster the Real World Asset (RWA) tokenization sector in the MENA region, MANTRA has launched an incubation program at the Dubai World Trade Center. The initiative follows an $11 million investment led by Shorooq Partners and is in collaboration with UAE’s corporate service giant, Virtuzone. The program aims to…
Custom Truck One Source acquires A&D Maintenance and Repair
Custom Truck One Source, Inc. (NYSE: CTOS) has acquired the business of A&D Maintenance and Repair. Founded in 1986, A&D Maintenance is a family-owned, full-service repair facility located in Wyandanch, New York on Long Island. This acquisition adds over 20,000 square feet of space and a highly experienced team that significantly expands Custom Truck’s presence…
Graycliff Partners sells Ballymore Safety Products to One Equity Partners
Graycliff Partners LP has successfully sold Ballymore Safety Products to One Equity Partners (OEP), a prominent middle-market private equity firm. Ballymore, renowned for its innovative vertical access and material handling safety products, is poised for further growth under new ownership. Over the past three years, Ballymore has seen a period of remarkable transformation, attributed to…
Swiss Life Asset Managers acquires significant stake in Telecom Infrastructure Partners
Swiss Life Asset Managers has acquired a co-controlling equity stake in Telecom Infrastructure Partners (TIP), a prominent lease aggregator of telecom sites across Europe and Latin America. This strategic move, first announced on January 10, 2024, is set to catalyze TIP’s growth trajectory, enabling it to meet the burgeoning demand for mobile connectivity infrastructure. Damian…
euroAtlantic Airways appoints Stewart Higginson as new CEO
euroAtlantic Airways – Transportes Aereos S.A. (EAA), a leading Portuguese aircraft wet-leasing and charter company, has announced the appointment of Stewart Higginson as its new CEO and Chair. Higginson, known for his extensive experience in operational performance improvements, will be steering the company alongside a seasoned management team comprising Mário Alvim, Lourenço Gomes, and João…
Surface Transforms forecast 165% growth in sales in 2024
LONDON: Surface Transforms (AIM:SCE) manufacturer of carbon fibre reinforced ceramic disc brake materials provides the following more detailed sales guidance for 2024. Sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to…
Clearstream will invest in Digital Vault Services
FRANKFURT: Clearstream, the post-trade arm of Deutsche Börse, has announced its intention to invest in Digital Vault Services (DVS), a trailblazing fintech company specializing in the issuance and secure storage of digital bank guarantees and sureties. This strategic investment, which hinges on the receipt of regulatory approvals and the completion of legal agreements, is poised…
Vår Energi confirms new oil discovery in the North Sea
OSLO, NORWAY: Vår Energi confirms discovery of oil in the Balder area in the Central North Sea. The latest Ringhorne North exploration well in production license (PL 956) was successful with estimated recoverable resources of between 13 and 23 million barrels of oil. Operator Vår Energi considers the discovery a potential commercial candidate to be…
VINCI signs deal to acquire Edinburgh Airport for £1.27 billion
PARIS: VINCI Airports, a VINCI Concessions subsidiary, signed today an agreement to acquire an effective 50.01% stake in Edinburgh Airport Limited – the company that owns Edinburgh Airport – for £1.27 billion. The transaction is expected to be completed during Summer 2024, following the receipt of regulatory approvals. The remaining 49.99% stake will be managed…
ASML Holding NV posts net income of €1.2 billion in first quarter of 2024
AMSTERDAM: ASML Holding NV, a leading supplier in the semiconductor industry, has released its financial results for the first quarter of 2024. For the first quarter, ASML’s total net sales reached €5.3 billion, with a gross margin of 51.0%. The net income for the quarter stood at an impressive €1.2 billion. The company’s quarterly net…