LONDON, UK: Smith+Nephew, the global medical technology company, has entered into a definitive agreement to acquire CartiHeal, developer of Agili-C, a novel sports medicine technology for cartilage regeneration in the knee, a statement said. Under the terms of the agreement, Smith+Nephew will pay an initial cash consideration of $180 million at closing, and up to…
SigmaRoc agrees to acquire European lime businesses from CRH plc for €745 million
LONDON, UK: SigmaRoc has today entered into an agreement to acquire certain European lime businesses from CRH plc, a global diversified building materials business, that CRH has deemed non-core comprising of standalone businesses in Germany, Czech Republic and Ireland. The proposed deal comprises the entire issued share capital of Fels Holding GmbH including its fully…
Titon Holdings appoints Tom Carpenter as Group Chief Executive Officer
LONDON, UK: Titon Holdings Plc, a leading manufacturer and supplier of ventilation systems and window and door hardware, announced the appointment of Tom Carpenter as Group Chief Executive Officer (CEO). Tom will start his role and join the Board of the Company on 23 April 2024. Tom joins Titon from Belden Inc., a US based…
AI assistant You.com expands its leadership team and product offerings
You.com, the AI assistant that helps you with various tasks online, has announced two new additions to its executive team and plans to hire more talent as it celebrates a year of rapid growth and product innovation. The company, founded by AI research scientists Richard Socher and Bryan McCann, has appointed Jason Egnal as its…
Rio Tinto reaches $28 million settlement with Securities and Exchange Commission
LONDON: Rio Tinto has settled a lawsuit with the SEC over its disclosure of the value of Rio Tinto Coal Mozambique (RTCM) in its 2012 financial statements. The SEC had accused Rio Tinto of violating its accounting and reporting rules related to the impairment of RTCM, which Rio Tinto bought in 2011 and sold in…
Verta launches GenAI Workbench to simplify generative AI app development
Verta, a company that specializes in AI model management and operations, has announced the launch of its GenAI Workbench, a platform that aims to help developers create and refine custom generative AI (GenAI) applications. GenAI is a branch of AI that uses large language models (LLMs) to generate text, images, audio, or code from natural…
Olive AI, a healthcare automation company, to sell its assets in two online auctions
Olive AI, a company that provides artificial intelligence solutions for the healthcare industry, has announced that it will be selling its assets in two online auctions conducted by Silicon Valley Disposition (SVD), a global leader in asset management and repurposing solutions. The company, which raised over $840 million and was valued at $4 billion, is…
Sproutly nears Apollon Formularies acquisition, due diligence completed
LONDON, UK: Sproutly Canada and Apollon Formularies have announced the completion of their due diligence. Sproutly, a Canadian company that specializes in natural cannabinoids, terpenes, and mushroom compounds, is poised to acquire all global assets of Apollon, a UK-based company that focuses on natural biologics drug discovery, integrating cutting-edge artificial intelligence (AI) technology. The transaction,…
FGS Global acquires Canadian communications & public affairs advisory, Longview
LONDON: FGS Global has acquired the leading Canadian communications and public affairs advisory firm Longview Communications and Public Affairs. The acquisition further strengthens FGS Global’s well-established capability and expertise in strategic advisory and communications, helping clients to navigate reputational challenges in an increasingly complex stakeholder, financial, regulatory and political environment. Longview will operate as FGS…
OpenAI faces turmoil and legal threats; Sam Altman restored as CEO
OpenAI restores Sam Altman as CEO after his tumultuous ouster OpenAI, the artificial intelligence company behind the popular ChatGPT service, is in a state of crisis after its board of directors fired its co-founder and CEO Sam Altman last week. The move has triggered a backlash from investors, employees, and customers, who are questioning the…
Comms Group Limited announces strong performance and strategic review at AGM
SYDNEY, AUSTRALIA: Comms Group Limited (ASX: CCG), a leading provider of cloud communications solutions for global businesses, held its annual general meeting (AGM) on Tuesday, November 21, 2023. The company’s CEO, Peter McGrath, delivered a positive update on the company’s performance and outlook, as well as the progress of the strategic review initiated by the…
SciDev CEO Seán Halpin outlines growth strategy and reports strong Q1 results
SYDNEY, AUSTRALIA: SciDev, a leading provider of water treatment and chemical solutions, has announced its future outlook and financial highlights for the first quarter of FY24 at its annual general meeting. The company’s CEO, Seán Halpin, said that SciDev is well positioned to continue to grow its operational and financial footprint across FY24, with a…