LONDON: Indivior PLC has appointed Joe Ciaffoni, currently an Independent Non-Executive Director of the Company, as Chief Executive Officer. The terms of his appointment are subject to, and effective upon, the approval by shareholders of a new remuneration policy at the Company’s AGM in May 2025. Mr. Ciaffoni, 53, was appointed as an Independent Non-Executive…
Investment Evolution Credit offers to acquire Credit Canary for £4 million
LONDON: Investment Evolution Credit (AQSE: IEC), a global fintech group specializing in online consumer loans, announced today that it has made an offer to acquire the entire issued share capital of Credit Canary Ltd, a UK-based private limited company specializing in AI and software development for consumer credit services. The proposed acquisition is valued at…
ServiceNow acquires Quality 360 to bolster manufacturing capabilities
STOCKHOLM: ServiceNow (NYSE: NOW), the AI platform for business transformation, has announced the acquisition of the Quality 360 solution from Advania to strengthen its foothold in the manufacturing sector. Quality 360, originally developed on the ServiceNow platform, will enhance quality management within the ServiceNow Manufacturing Commercial Operations (MCO) solution, providing manufacturers with proactive, data-driven insights to tackle…
Eppinger Technologies to divest rotary table product line
NEW YORK: Eppinger Technologies, a leading designer and manufacturer of high-precision tooling solutions, announced Tuesday an agreement to divest its rotary table product line. As part of the deal, the company will retain exclusive distribution rights for the products in North America after commercialization. The divestment is part of Eppinger’s strategy to focus on its core product…
Arkema to invest $20mn to increase PVDF capacity in North America by 15%
PARIS: Arkema (Paris: AKE) has announced plans to expand its PVDF production capacity at its Calvert City, Kentucky facility by 15%. The $20 million investment aims to support the growing demand for locally manufactured high-performance resins for lithium-ion batteries, as well as the expanding semiconductor and cable markets. The Calvert City plant, with its long history in…
Wolters Kluwer CEO Nancy McKinstry to retire in 2026, Stacey Caywood nominated successor
AMSTERDAM: Wolters Kluwer (Euronext: WKL) announced today that CEO and Chair of the Executive Board Nancy McKinstry will retire in February 2026 after a distinguished tenure. The Supervisory Board will nominate Stacey Caywood, current CEO of Wolters Kluwer Health, as a member of the Executive Board at the Annual General Meeting of Shareholders on May 15, 2025….
MotoBike Istanbul 2025 to showcase global two-wheeler industry at Istanbul Expo Center
ISTANBUL: MotoBike Istanbul 2025, the premier international exhibition for two-wheel enthusiasts, will be held at the Istanbul Expo Center from March 12 to 15, 2025. The event, recognized as the largest of its kind, will feature a wide array of products, including motorcycles, bicycles, ATVs, scooters, spare parts, and accessories. The 2024 edition of MotoBike Istanbul set…
Pakistan’s banking sector contributes heavily to national development, faces challenges
Pakistan’s banking sector remains a cornerstone of the nation’s economic development, contributing significantly to tax revenues, employment, and financial inclusion, according to a recent address by Zafar Masud, Chairman of the Pakistan Banks Association (PBA). However, the sector faces challenges as it navigates a rapidly changing global economic landscape and addresses domestic criticisms. Tax Contributions and…
Ovanti Limited appoints interim CEO amid U.S. expansion plans
MELBOURNE: Ovanti Limited (ASX: OVT), a fintech and digital commerce software solutions provider, announced on February 26, 2025, the appointment of Executive Chairman Daler Fayziev as interim CEO. This move comes as the company seeks to accelerate its entry into the U.S. buy now, pay later (BNPL) market. The decision follows the departure of former…
PointsBet agrees to $353 million acquisition by MIXI
MELBOURNE: PointsBet Holdings Limited, an Australian corporate bookmaker, has entered into a binding agreement to be acquired by Japanese consumer technology company MIXI, Inc. in a deal valued at approximately $353 million. The acquisition, announced on Feb. 26, 2025, will see MIXI Australia Pty Ltd, a wholly owned subsidiary of MIXI, acquire 100% of PointsBet’s…
BlueBet Holdings offers to acquire PointsBet for upto $360 million
SYDNEY: BlueBet Holdings Limited (ASX: BBT) has made an offer to acquire PointsBet Holdings Limited in a deal valued at between $340 million and $360 million, the company announced Wednesday. The proposed acquisition, presented through a non-binding indicative offer dated Feb. 18, 2025, involves a cash pool of $240 million to $260 million and scrip…
LongRange Capital to acquire US Synthetic Corporation from ChampionX
OREM: LongRange Capital, a private equity firm with a focus on long-term, customer-centric growth of middle market businesses, announced that it has entered into a definitive agreement to acquire US Synthetic Corporation from ChampionX Corporation. Founded in 1978 and based in Orem, Utah, US Synthetic is a leading provider of polycrystalline diamond (PCD) technologies, including PCD inserts,…