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…
Mosa Meat B.V. has raised EUR 40 million in new capital
LONDON: Agronomics (LSE: ANIC), a leading listed company in cellular agriculture, announced that its portfolio company Mosa Meat B.V., a leader in cultivated beef production, has successfully raised EUR 40 million in new capital to help finance further scaling up of production processes and prepare its products for market entry. The oversubscribed round was led…
SkyCity Entertainment appoints Jason Walbridge as Chief Executive Officer
AUCKLAND: SkyCity Entertainment Group Limited announced that Jason Walbridge has today been appointed as Chief Executive Officer. Jason has more than two decades of senior executive public company experience in the global land-based and online gaming industries. He is currently a Strategic Advisor to global gaming and technology company Aristocrat Leisure Limited on its proposed…
Tower Limited forecasts surpassing net profit expectations for 2024
AUCKLAND: New Zealand-based insurer Tower Limited (NZX/ASX: TWR) has significantly raised its earnings forecast for the fiscal year ending 30 September 2024. The company now anticipates its underlying net profit after tax (underlying NPAT) to exceed $35 million. This optimistic projection marks a substantial increase from Tower’s previous guidance, which estimated the underlying NPAT to…