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…
Woodbois Ltd divests Mozambique operations
LONDON, UK: Woodbois Ltd (AIM:WBI), a leading company in the international timber industry, announced its decision to divest its operations in Mozambique. The Group has signed a Letter of Intent (“LOI”) for the sale of the legal entities associated with its Mozambique operations to a local purchaser. A comprehensive sale agreement is expected to be…
HeraMED partners with FemBridge to create maternal health solution
SYDNEY: HeraMED Limited (ASX:HMD), a pioneer in digital maternity care, has announced a definitive agreement with FemBridge to create a scalable maternal health solution. This collaboration aims to enhance maternal healthcare from preconception to postpartum, focusing on mental wellbeing. FemBridge’s holistic approach integrates Social Determinants of Health, advanced technology access, home monitoring for maternal and…
Macfarlane Group has acquired Allpack Packaging Supplies Limited
LONDON: Macfarlane Group announced the acquisition of Allpack Packaging Supplies Limited (Allpack). This earnings-enhancing acquisition further progresses Macfarlane’s strategy to build its protective packaging business through a combination of organic and acquisitive growth. A well-established business based in East Anglia, supplying protective packaging products to customers across a wide range of sectors, from its warehouse…