SAN FRANCISCO: Digital analytics firm Mixpanel said on Tuesday it has acquired DoubleLoop, a startup specializing in AI-powered business value frameworks, as it seeks to help companies quickly identify key growth drivers. The deal aims to integrate DoubleLoop’s artificial intelligence technology directly into Mixpanel’s platform, accelerating how product and marketing teams connect their daily work…
Court sanctions WSP’s final cash acquisition of Ricardo PLC
LONDON: Ricardo PLC said Tuesday that the High Court of Justice has sanctioned its recommended final cash acquisition by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc., paving the way for the deal to become effective on Oct. 9. The acquisition, first announced on June 11, will be implemented through a scheme…
Schroder British Opportunities Trust makes equity investment in CSL Group
LONDON: Schroder British Opportunities Trust plc (SBO) confirmed a new private equity investment in CSL Group (CSL), a critical IoT connectivity business. Founded in 1996 as a UK alarm signalling provider, CSL has grown into a European leader in critical connectivity, now trusted with ensuring over 3 million connections across diverse industries. This transaction represents…
Beacon Energy to acquire stake in LNEnergy; Eyes strategic entry into Italian gas market
LONDON: Beacon Energy plc (AIM: BCE) said Tuesday it has signed a binding, conditional share purchase agreement with Reabold Resources plc to acquire a significant stake in LNEnergy Limited, marking a strategic entry into Italy’s onshore gas sector. The proposed transaction, classified as a reverse takeover under AIM rules, will give Beacon Energy up to…
M&C Saatchi has acquired The Women’s Sports Group Limited
LONDON: M&C Saatchi plc announced its skill enhancing acquisition of The Women’s Sports Group Limited (WSG), funded by available cash on the balance sheet. WSG is a leading specialist advisory and media rights consultancy in women’s sport. The business delivers services across media rights, broadcast strategy, brand partnerships, production, data and insights, and communications. s…
Robe River joint venture to invest $733 million to extend West Angelas iron ore mine in Western Australia
LONDON: Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region. The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal…
Cadogan Tate expands U.S. footprint with strategic acquisition of Seattle’s Trefethen & Co
SEATTLE Cadogan Tate, a global leader in high-value art and interiors logistics, announced today it has acquired Trefethen & Co Bader & Olson (“Trefethen & Co”), a Seattle-based specialist in furniture receiving, warehousing, and installation. The move solidifies Cadogan Tate’s physical presence in the key U.S. Pacific Northwest market. This acquisition marks the seventh strategic…
Nickolas Asset Management has acquired OGO and Medal Technologies
NORTH BALTIMORE: Nickolas Asset Management (NAM), together with the Reinhart Family of Companies and its portfolio company Configure Brands, announced today the acquisition of OGO and Medal Technologies, including a 32,500-square-foot production facility in North Baltimore. The acquisition is designed to significantly expand manufacturing capacity for the combined entities. The facility will immediately begin producing…
HireRight acquires BGC Brasil to expand background screening capabilities in Latin America
SÃO PAULO; HireRight, a global leader in background screening and workforce solutions, has acquired BGC Brasil, a premier Brazilian provider of background screening services with access to more than 200 national and international research sources. The acquisition strengthens HireRight’s footprint in Latin America and enhances its ability to deliver faster, more compliant screening services across…
CoreWeave Inc. signs agreement to acquire Monolith AI Limited
LONDON: CoreWeave Inc. announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith’s simulation and test-driven machine learning capabilities with CoreWeave’s purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises. The…
Paramount Skydance acquires The Free Press; Names Bari Weiss Editor-in-Chief of CBS News
NEW YORK: Paramount Skydance said Monday it has acquired online publication The Free Press and appointed its co-founder and CEO, Bari Weiss, as editor-in-chief of CBS News. The Free Press, launched by Weiss in 2021 following her departure from The New York Times’ opinion desk, will be integrated into CBS News. Paramount said the digital…
Verizon appoints former PayPal executive Dan Schulman as CEO
LONDON: Verizon Communications Inc (VZ.N) on Tuesday named Dan Schulman, the former chief executive of PayPal Holdings Inc (PYPL.O) and a current board member, as its new chief executive officer, effective immediately, in a surprise leadership overhaul. The U.S. wireless carrier said longtime CEO Hans Vestberg would step down and serve as a special advisor until…