OSLO, NORWAY: Eivind Kallevik has been appointed President and CEO of Norwegian aluminium and renewable energy company Norsk Hydro ASA. Kallevik succeeds Hilde Merete Aasheim, who has decided to step down after five years. The appointment will be effective May 13, 2024. “I am pleased to announce that Eivind Kallevik has accepted the job as…
Moomoo’s parent Futu Holdings reports robust growth and global expansion in 2023
Futu Holdings Ltd., the parent company of the innovative online brokerage and wealth management platform moomoo, has announced a strong financial performance for the fourth quarter of 2023. The company’s unaudited earnings report revealed revenues of US$303.8 million, marking a 4.1% increase year-over-year, and a non-GAAP adjusted net income of US$121.7 million. For the fiscal…
ThinkSono secures £2.1M in oversubscribed funding to advance AI ultrasound technology
ThinkSono has successfully closed an oversubscribed funding round, raising £2.1 million. The round, led by id4 ventures and supported by several key investors, brings the company’s total funding to £5 million. This capital injection will fuel ThinkSono’s mission to transform patient care globally with its AI ultrasound guidance solutions. Concurrently, ThinkSono has earned the Class…
Air Liquide divests African operations to Adenia Partners
PARIS, FRANCE: Air Liquide (Paris: AI) has announced the sale of its operations in twelve African nations to Adenia Partners Ltd. The divestiture encompasses the group’s activities in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal, and Togo, which collectively generate annual sales of approximately 60 million…
Rocscience expands software portfolio with acquisition of 3GSM
Toronto-based Rocscience Inc. has acquired 3GSM, an Austrian company renowned for its geologic mapping and analysis software. This acquisition is in line with Rocscience’s growth trajectory, closely following its acquisition of DIANA FEA. 3GSM is celebrated for its user-friendly 3D software that serves the tunneling, mining, and civil engineering sectors by providing detailed evaluations of…
FluidOne’s Cyber Security Associates (CSA) has acquired SureCloud Cyber Services
FluidOne’s cyber division, Cyber Security Associates (CSA), has acquired SureCloud Cyber Services. This acquisition positions CSA to offer a more robust suite of cyber security solutions, integrating SureCloud’s expertise in CREST and NCSC CHECK certified penetration testing and cyber risk consulting. SureCloud, a cloud-born company since 2006, brings a team of 28 specialists and a…
MCS has acquired Five Brothers Asset Management Solutions
MCS, a leading national property services company established in 1986, has announced the acquisition of Five Brothers Asset Management Solutions. This strategic move unites two of the foremost companies in the property preservation sector. The merger is set to create a powerhouse in the national property preservation and services market, offering a comprehensive suite of…
ProAmpac acquires Gelpac to expand packaging capabilities
ProAmpac, a leader in flexible packaging and material science, has announced its acquisition of Gelpac, a top producer of multiwall paper and poly-woven packaging products. The acquisition, facilitated by an investor group led by NAMAKOR Holdings, W Investments, and CDPQ, is set to enhance ProAmpac’s capacity and diversify its product offerings across North America. Gelpac,…
Turtle Beach Corporation announces strategic acquisitions and executive appointments
In a significant move to bolster its market presence, Turtle Beach Corporation (Nasdaq: HEAR), a prominent player in the gaming accessories domain, has announced a series of strategic decisions following the establishment of a Value Enhancement Committee in 2023. The Board of Directors has sanctioned comprehensive changes aimed at enhancing business value, optimizing capital allocation,…
Saint-Gobain boosts construction chemicals business, advances innovative decarbonization
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….