LONDON: Saint-Gobain Construction Chemicals is expanding its efforts to deploy new additives for low-carbon cement and concrete. These low-carbon technologies open up tremendous opportunities for co-development with new partners in fast-growing markets and to accelerate Saint-Gobain’s profitable growth in construction chemicals. Two partnerships illustrate this move: – Saint-Gobain has participated in the fund raising of…
Mercia completes syndicated funding rounds into three existing direct investments
LONDON: Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.5billion of assets under management, has recently completed syndicated funding rounds into three of its existing direct investments, an AIM news announcement stated. The investments comprised: Dr Mark Payton, CEO of Mercia Asset Management PLC, said: “We continue to be…
Sign In Solutions offers to acquire SmartSpace Software for £28.35 million
LONDON: Sign In Solutions Inc. (SIS) and SmartSpace Software have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of SmartSpace by Sign In Solutions’s subsidiary, Welcome UK Bidco Limited. Under the terms, each SmartSpace shareholder will be entitled to 90 pence in cash/share….
AstraZeneca enters definitive agreement to acquire Amolyt Pharma for $1.05 billion
AstraZeneca announced that it has entered into a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases. Under the terms of the agreement, AstraZeneca will acquire all of Amolyt Pharma’s outstanding shares for a total consideration of up to $1.05 billion, on a cash and debt free basis….
SBM Offshore and Technip Energies to jointly create EkWiL, a floating offshore wind company
AMSTERDAM: SBM Offshore and Technip Energies have signed a Memorandum of Understanding for the creation of a joint venture entity, EkWiL. The new company will be a Floating Offshore Wind (FOW) pure player, capable of proposing a wide range of solutions to clients. EkWiL will combine the people expertise, engineering and delivery capabilities, and complementary…
Vmoto acquires remaining 50% of Vmoto Soco Italy, appoints new executives
SYDNEY: Vmoto Limited has announced the full acquisition of Vmoto Soco Italy (VSI), purchasing the remaining 50% stake from European entrepreneurs Giovanni Castiglioni and Graziano Milone. This move increases Vmoto’s share to 100% and aligns with strategic objectives to enhance Italian operations, streamline distribution, and achieve cost savings. Established in 2018, VSI has become a…
EV mini-truck company, TELO secures $5.4M funding in a round led by Neo
TELO, an emerging leader in electric vehicle innovation, has announced a significant $5.4 million funding round led by Neo. The investment, which includes contributions from Spero Ventures and several angel investors, marks a pivotal moment in the company’s expansion. This financial milestone follows a $1.78 million pre-seed round and comes alongside the appointment of Tesla…
FERMAT secures $17 million funding in a round led by Bain Capital Ventures
In a significant boost for personalized e-commerce, FERMAT has announced a $17 million funding round led by Bain Capital Ventures. This investment propels FERMAT’s total capital to over $30 million, enabling it to enhance growth for clients such as True Classic and mindbodygreen. FERMAT’s AI-driven platform offers a tailored shopping experience, adapting storefronts to individual…
John Ratigan appointed interim Chief Executive Officer at Comtech
Comtech today announced that its Board of Directors appointed John Ratigan, Chief Corporate Development Officer (CCDO), as interim Chief Executive Officer, effective immediately. Mr. Ratigan succeeds Ken Peterman, who has been terminated as President and CEO and will cease to serve on the Board. Mr. Peterman’s termination was for conduct unrelated to Comtech’s business strategy,…
Embracing the Digital Revolution: The Transformative Impact on the Sports Industry
The sports industry stands at the forefront of a significant paradigm shift, driven by the relentless march of digital technology and its integration into every facet of business. This phenomenon, known as digital transformation, is not merely a trend but a fundamental change that is reshaping the landscape of various economic sectors, including sports. The…
Zephyr AI Secures $111 million in Series A funding
Zephyr AI, Inc. has announced the successful closure of a $111 million Series A funding round. The round saw contributions from notable investors including Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group. Zephyr AI is at the forefront of developing advanced Artificial Intelligence (AI) solutions aimed at democratizing precision medicine, particularly…
DEAG Deutsche Entertainment acquires majority stakes in UK’s ShowPlanr
BERLIN/LONDON: DEAG Deutsche Entertainment Aktiengesellschaft (DEAG) is accelerating its international expansion course and further strengthening its strong market position in the UK. DEAG is acquiring a majority stake in the UK promoter and live event organiser ShowPlanr through its UK subsidiary Flying Music. The UK is one of DEAG’s important core markets. For DEAG, the…