IRVING: Builders FirstSource, Inc. (NYSE: BLDR) announced Thursday it has acquired Builder’s Door & Trim and Rystin Construction, two turnkey millwork providers based in the Las Vegas area. The acquisitions mark the company’s first millwork operations in the region and are part of a broader strategy to expand value-added offerings in high-growth markets. The two…
Legrand acquires Avtron Power Solutions in $1.125 billion deal to expand datacenter energy portfolio
PARIS: Legrand (Paris:LR), a global specialist in electrical and digital building infrastructures, announced Friday it has acquired Avtron Power Solutions (Avtron), a Cleveland-based provider of load banks and power quality solutions, in a deal valued at $1.125 billion. The acquisition strengthens Legrand’s footprint in energy transition-related technologies, particularly in high-growth verticals such as datacenters, microgrids…
Avalanche Treasury Co. (AVAT) announces $675 million Nasdaq merger to become leading public AVAX vehicle
NEW YORK: Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675 million. The transaction includes approximately $460 million in treasury assets and is designed to create a leading…
Irish Biotech Aerska raises $21 million to advance RNA therapies for brain diseases
DUBLIN: Irish biotechnology start-up Aerska has secured $21 million (€18 million) in seed funding to accelerate the development of RNA-based therapies targeting degenerative neurological diseases such as Alzheimer’s and Parkinson’s. The funding round was co-led by venture firms Backed VC and Age1, with additional support from Blueyard, Lingotto, Kerna Ventures, Norrsken, and Speedinvest. The investment…
Folia Health secures $10.5 million Series A to advance patient-driven health research
BOSTON: Folia Health, a patient-driven health technology company, announced Thursday the close of a $10.5 million Series A funding round to expand its platform that transforms lived health experiences into structured data for research and personalized care. The round was led by S3 Ventures, with participation from existing investor Crosslink Capital and specialist fund Create…
Active Energy Group signs heads of terms for 300 MW UAE renewable infrastructure pipeline
ABU DHABI: Active Energy Group plc (AEG), a UK-based alternative energy company, announced Wednesday it has signed Heads of Terms with a third-party for the initial phase of its 300-megawatt renewable infrastructure pipeline in the United Arab Emirates. Construction has begun on the first 8 MW of capacity, with completion targeted for January 2026. AEG…
Victoria PLC CEO Philippe Hamers to step down
LONDON: Victoria PLC (LSE: VCP), the international flooring group, announced Tuesday that Group CEO Philippe Hamers has proposed stepping down from his role around mid-2026, following nearly nine years of leadership and the successful completion of the company’s refinancing initiatives. The announcement comes after Victoria secured a new £130 million super senior credit facility and…
TotalEnergies divests 50% of a 270 MW portfolio in France
PARIS: In line with its renewables business model, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the completion of the sale of 50% of a 270 MW wind and solar portfolio in France to investment funds managed by Eiffel investment Group. This transaction values the portfolio at €265 million. Following this transaction, TotalEnergies retains a 50% stake and…
Eesti Energia to consolidate electricity business under subsidiary Enefit
LONDON: Eesti Energia AS announces that starting from 2026, all electricity-related business activities – including retailsales, renewable energy production, energy trading and development, but excluding non-renewable electricity production and reserve power units – will be consolidated into one subsidiary – Enefit OÜ. The reorganisation aims to strengthen the Group’s competitiveness and improve management efficiency. The…
Upland Resources Limited signs asset acquisition agreement with Vanguard Drilling Limited
LONDON: Upland Resources Limited has signed an Asset Acquisition Agreement with Vanguard Drilling Limited (“Vanguard”) regarding the proposed acquisition of Vanguard’s proprietary intellectual property, advanced drilling management systems, and the integration of select senior personnel into Upland’s operational structure. This agreement represents a significant development in Upland’s evolution into a fully integrated, technically capable operator in Southeast…
Rapid7 establishes UAE entity and data localization in major regional expansion
DUBAI: Cybersecurity firm Rapid7 Inc. (NASDAQ: RPD) announced on Wednesday the launch of a local entity and a United Arab Emirates-based instance of its security platform, a strategic move underscoring its commitment to the Gulf region’s growing digital economy. The expansion, which includes a new office in Dubai, is a direct response to the UAE’s…
Sika AG acquires Marlon Tørmørtel A/S, a mortar manufacturer in Denmark
Sika AG has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark. The company is renowned for its strong product portfolio and its excellent customer service. The acquisition creates a growth platform for Sika in the Nordics, providing exciting opportunities for further market expansion and cross-selling with Sika’s complementary solutions. Marlon is a family-owned, high-performing…