Ad-Shield, a startup that offers a next-gen adblock recovery solution, has closed a $2 million Pre-Series A funding round led by Shorooq Partners, with participation from existing investors Bass Investment and Hashed. The company, founded in 2023, helps publishers monetize their adblock users by protecting a minimal number of ads that are non-intrusive and respectful…
Hydrogen Utopia to buy bio-energy giant for £500m
LONDON, UK: Hydrogen Utopia International PLC (HUI), a company that converts waste plastic into hydrogen and other green fuels, has announced a deal to acquire a leading bio-energy company for £500m. The unnamed target company, which produces and sells biofuels and its bi-products, has revenues of over EUR 365m and profits of over EUR 40m,…
Saint-Gobain to buy Australian building products firm CSR for A$4.5bn
LONDON, UK: French construction giant Saint-Gobain announced on Wednesday that it has agreed to acquire CSR Limited, a leading Australian building products company, for A$9.00 per share in cash, valuing the deal at A$4.5 billion (c. €2.7bn). The acquisition will give Saint-Gobain a strong foothold in the attractive Australian construction market, which is driven by…
Honor MagicBook Pro 16: A Powerful Laptop with a Stunning Design
Honor has just launched its most powerful laptop yet, the MagicBook Pro 16. This laptop is not only a beast in terms of performance, but also a beauty in terms of design. Let’s take a closer look at what makes this laptop so special. Design and Display The MagicBook Pro 16 has a metal body…
Iliad to buy 19.8% stake in Tele2 from Kinnevik for $1.26 billion
French telecoms group Iliad, led by billionaire Xavier Niel, has agreed to buy a 19.8% stake in Swedish operator Tele2 from investment firm Kinnevik for 13 billion crowns ($1.26 billion), the companies said on Monday. The deal, which values Tele2 at a 13% premium to its closing price on Feb 23, will be completed in…
Cindrigo acquires 50-year lease on Finnish waste to energy plant
LONDON: Cindrigo (LSE:CINH), a renewable energy company, has announced that it has signed a Memorandum of Understanding (MOU) with Amtroy OÜ for the acquisition of a 50-year lease on a 110 MW waste to energy (WTE) plant in Kaipola, Finland. The plant, which was built by UPM Kymmene Corporation as part of its paper mill…
Bunzl acquires catering equipment giant Nisbets and Finnish distributor Pamark for £339m
LONDON, UK: Bunzl plc, a leading international distribution and services Group, has agreed to buy an 80% stake in Nisbets and its related businesses for £339m in cash. Nisbets is a well-known omni-channel supplier of catering equipment and consumables in the UK & Ireland, Northern Europe and Australasia, with a large product portfolio and many…
CEVA Logistics raises its bid for Wincanton to £604.7 million
LONDON, UK: CEVA Logistics, a subsidiary of CMA CGM, has increased its cash offer for Wincanton, a UK-based logistics company, by 6.67 per cent. to 480 pence per share. The new offer values Wincanton at £604.7 million on a fully diluted basis and £802.7 million on an enterprise value basis. The offer, which has been…
Directa Plus signs deal to acquire a further 48.96% stake in Setcar S.A.
LONDON, UK: Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has signed a conditional share sale purchase agreement with GVC Investment Company Ltd to acquire a further 48.96% stake in Setcar S.A., the Group’s environmental services subsidiary. Following completion of the Acquisition,…
Thomson Reuters acquires e-invoicing leader Pagero for $800 million
Thomson Reuters, a global content and technology company, has completed its acquisition of Pagero, a Swedish company that provides e-invoicing and indirect tax solutions, for approximately $800 million. The deal is the sixth one for Thomson Reuters since the start of 2023, adding to its portfolio of products and services that help customers navigate complex…
Lenovo Unveils AI-Driven Innovation and Sustainability at MWC 2024
Lenovo, the global leader in smart devices and solutions, showcased its latest hardware and software solutions at MWC 2024, highlighting its focus on AI-driven innovation and commitment to a more sustainable future. These include: Lenovo also announced its dedication to the circular economy by innovating in the supply chain, product design, and services and focusing…
Intel Announces New Edge Platform for Scaling AI Applications
Edge computing is the next frontier of digital transformation, where data is generated and processed closer to the source. Many edge applications require advanced AI analytics to automate tasks, improve efficiency, and deliver new services. However, building and managing edge AI solutions can be complex and challenging due to the diversity of hardware, software, and…