OSLO, NORWAY: Norske Skog, a leading producer of publication and packaging paper, announced its financial results for the fourth quarter of 2023, showing a significant improvement in earnings and cash flow compared to the previous quarter. The company attributed the positive results to the receipt of insurance proceeds related to the fire incident at its…
Spartan Composites acquires FODS
Spartan Composites, LLC, a leading manufacturer of advanced composite access mats, has acquired the strategic assets of FODS, LLC, a Colorado-based company that offers patented and innovative trackout control systems for the construction industry. The acquisition aims to combine the strengths of both companies, expand their product portfolio and market reach, and create cutting-edge solutions…
ArcelorMittal reports strong results for 2023 despite challenges
AMSTERDAM: ArcelorMittal, the world’s leading integrated steel and mining company, today announced its financial and operational results for the year 2023, highlighting its resilience and performance amid a challenging market environment. The Company posted an EBITDA of $7.6 billion and a net income of $0.9 billion for the year, reflecting structural improvements to profitability and…
Pacific Prime expands to Australia
Pacific Prime, a global leader in health insurance and employee benefits, has launched its operation in Australia. This is a key step in the company’s mission to enhance healthcare access and provide exceptional employee benefits solutions to clients in the Asia Pacific region. “I am thrilled to join Pacific Prime and lead our expansion in…
Vensure Employer Solutions acquires Georgia-based HR outsourcing firm MarathonHR
Vensure Employer Solutions, a leading HR technology and service provider, has announced its acquisition of MarathonHR, a Georgia-based firm that specializes in HR outsourcing for small and mid-sized businesses. The deal is Vensure’s 69th acquisition since 2018 and strengthens its presence in the southeastern U.S. Alex Campos, CEO of Vensure, said the acquisition will allow…
Dave Dickey joins ESP Associates as new CEO
ESP Associates, a top engineering design, planning, and geospatial firm, has appointed Dave Dickey as its new Chief Executive Officer. Dickey is a certified planner with over 35 years of experience in senior and executive roles in the AEC industry. He succeeds Joe Hendrick, who led the company for nearly 25 years and will remain…
Telix Pharmaceuticals signs deal to acquire QSAM Biosciences for upto $123m
MELBOURNE, AUSTRALIA: Telix Pharmaceuticals Limited has entered into an agreement to acquire QSAM Biosciences, Inc. and its lead investigational drug Samarium-153-DOTMP (153Sm-DOTMP). The purchase price comprises US$33.1 million upfront, which is payable in the form of 4,369,914 Telix ordinary shares to be issued at closing, subject to certain cash adjustments (at or after closing) which…
Insignia Financial appoints Scott Hartley as Chief Executive Officer
SYDNEY, AUSTRALIA: Insignia Financial (ASX: IFL) announce the appointment of Scott Hartley as Chief Executive Officer (“CEO”) of Insignia Financial. Scott joins Insignia Financial following an extensive search to replace Renato Mota, whose departure was announced in late October. Scott will commence in his role as CEO on 1 March 2024 and will join the…
AIG appoints former National Cyber Director Chris Inglis to Board of Directors
AIG, a leading global insurance organization, announced today that Chris Inglis, a former National Cyber Director and an advisor to President Joe Biden on cybersecurity, has been appointed to its Board of Directors, effective immediately. Mr. Inglis is a renowned expert on cyber intelligence and security, with a distinguished career spanning nearly five decades in…
Ocean Aero and Saudi partners launch maritime drone technology
Ocean Aero, a leading developer of autonomous underwater and surface vehicles (AUSVs), has teamed up with INTRA Defense Technologies and MEMR, two prominent Saudi companies, to bring disruptive maritime technology to the region. The partnership, facilitated by Lockheed Martin, will leverage Ocean Aero’s Triton AUSV, the world’s first and only AUSV, to address a variety…
Transflo Hits $100 Million in Revenue, Leads Transportation Technology Innovation
Transflo, a leading technology innovator in the transportation sector, has achieved a remarkable feat by surpassing $100 million in annual revenue. The company attributes this success to its customer focus, product innovation, AI/ML leadership, organic growth, and strategic merger with Assured Telematics Inc. (ATI). Renee Krug, CEO of Transflo, said, “Surpassing $100 million in revenue…
Snow Beer, China’s No.1 beer brand, launches in North America
Snow Beer, the world’s most popular beer brand, has officially entered the North American market with its best-selling “Brave the World” series. The company, which has dominated the Chinese beer sector for over two decades, aims to introduce Americans to the rich and diverse Chinese beer culture. Ever Grand Group, the exclusive distributor of Snow…