Installed Building Products Inc., an industry-leading installer of insulation and complementary building products, today announced the acquisition of Combee Insulation Company Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC (collectively “Combee”). Established in 1970, Combee is headquartered in Lakeland, Florida and installs a diverse mix of building products including, fiberglass insulation, spray foam…
Watts Water Technologies to acquire Josam Company for $35 million
Watts Water Technologies, Inc. (NYSE: WTS), a global leader in plumbing, heating and water quality products and solutions, announced today that it has agreed to buy Josam Company, a provider and manufacturer of drainage and plumbing products, for $35 million. The deal is expected to close in January 2024. Josam Company has been in business…
Ayar Labs names co-founder Mark Wade as new CEO
Ayar Labs, a leader in silicon photonics for chip-to-chip connectivity, has announced that co-founder and CTO Mark Wade will take over as its new CEO, replacing Charles Wuischpard who will step down in mid-January. Wade is a pioneer in photonics technologies and led the team that designed the world’s first processor to communicate using light….
Renault Group will sell 5% of Nissan shares for €765 million
PARIS, FRANCE: Renault Group has announced that it will sell up to 211 million Nissan shares, or 5% of Nissan capital, to Nissan as part of the latter’s share buyback program. The sale, which will take place on December 13, 2023, will improve Renault Group’s net financial position by €765 million, but also result in…
TotalenErgies acquires 3 start-ups in the electricity business
PARIS, FRANCE: TotalEnergies has acquired three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has led TotalEnergies to negotiate their acquisition and integration into its business units which with they collaborated. With…
Jubilee Metals partners with Abu Dhabi firm to tap into Zambia’s copper waste rock
LONDON, UK: Jubilee Metals, a leading metals recovery company with projects in South Africa and Zambia, has announced a strategic partnership with Abu Dhabi based International Resources Holding RSC Limited (IRH) to acquire and process one of the largest copper waste rock assets on surface in Zambia. The waste rock material, estimated at more than…
Saint-Gobain signs solar power deal with CVE in South Africa
PARIS, FRANCE: Saint-Gobain, a global leader in building materials, has entered into a 20-year renewable electricity supply agreement with CVE, a French independent renewable energy producer. The deal will provide Saint-Gobain with about 140 GWh of solar power per year, covering 40% of the electricity needs of its four major industrial sites in South Africa….
MaxCyte names Maher Masoud new CEO as Doug Doerfler retires after 24 years
LONDON, UK: MaxCyte, Inc., a leading cell-engineering company, announced today that Maher Masoud will take over as President and CEO from Doug Doerfler, who will retire on January 1, 2024. Masoud, who currently serves as EVP, Head of Global Business Development and Chief Counsel, will also join the Board of Directors. Doerfler founded MaxCyte in…
AstraZeneca signs deal to acquire Icosavax Inc. for $1.1 billion
LONDON, UK: AstraZeneca has entered into a definitive agreement to acquire Icosavax Inc. (NASDAQ: ICVX), a US-based clinical-stage biopharmaceutical company focused on developing differentiated, high-potential vaccines using an innovative, protein virus-like particle (VLP) platform. Under the terms of the agreement, AstraZeneca, through a subsidiary, will initiate a tender offer to acquire all of Icosavax’s outstanding…
TEAM plc has acquired Neba Wealth and Neba Singapore
LONDON, UK: TEAM plc (AIM: TEAM), the wealth, asset management and complementary financial services group, has acquired the entire issued share capital of Neba Wealth and Neba Singapore from the 100% shareholder, John Beverley. Neba Financial Solutions Limited (Neba Wealth) is a Labuan, Malaysia regulated network of financial advisers operating in Asian, South and Central…
Begbies Traynor Group has acquired SDL Property Auctions
LONDON, UK: Begbies Traynor Group has completed the acquisition of SDL Auctions Limited, which trades as SDL Property Auctions (SDL). SDL will integrate with Eddisons, the group’s property advisory and transactional services division. SDL is a national firm of property auctioneers, headquartered in Nottingham and employing 46 staff who will all join the group following…
Discover Financial Services names Michael G. Rhodes as new CEO and President
Discover Financial Services (NYSE: DFS) announced today that Michael G. Rhodes, a veteran financial industry executive, will be its new Chief Executive Officer and President, effective on or before March 6, 2024. He will also serve as President of Discover Bank and join the boards of both the Company and the Bank. Michael Rhodes, who…