LONDON, UK: Onfido, a UK-based fintech company that provides identity verification solutions using artificial intelligence and machine learning, is in exclusive negotiations with Entrust, a US-based company that specializes in payments, identities and data security, for a possible acquisition. The deal, if finalized, would be the sixth exit for Augmentum Fintech, Europe’s leading publicly listed…
Bob Lyons becomes new CEO of Universal Background Screening
Universal Background Screening (UBS), a leading workforce solutions company, has announced the appointment of Bob Lyons as its new Chief Executive Officer (CEO) and board member. Lyons succeeds Kevin Olson, the founder of UBS, who has stepped down after leading the company for over a decade. Lyons is a veteran technology executive with over 30…
Bollegraaf and Greyparrot join forces to create smart recycling plants using AI
Bollegraaf, the world’s largest builder of recycling plants, has entered into a strategic partnership with Greyparrot, a pioneer in AI waste analytics, to transform global waste management. The deal, worth $12.8M, will see Bollegraaf transfer its AI vision business to Greyparrot and also become a worldwide distributor and strategic partner for Greyparrot’s Analyzer, which provides…
Abivax appoints Ana Sharma as Vice President, Global Head of Quality
PARIS, FRANCE: Abivax SA, a clinical-stage biotechnology company focused on developing therapeutics that harness the body’s natural regulatory mechanisms to stabilize the immune response in patients with chronic inflammatory diseases, today announced the appointment of Ana Sharma as Vice President, Global Head of Quality. Ms. Ana Sharma brings over 20 years of experience in the…
Global insurance brokerage Pacific Prime has acquired MIT Insurance Brokers
Global insurance brokerage Pacific Prime announced the full acquisition of MIT Insurance Brokers Sdn Bhd, Malaysia’s leading insurance brokerage firm specializing in risk management, insurance, and reinsurance. With unwavering dedication to providing exceptional service, MIT has been at the forefront of Malaysian property and casualty, financial lines, and employee benefits solutions since 1973. Previously under…
Ørsted announces new business plan and leadership change
LONDON: Ørsted, the world’s leading offshore wind developer, has unveiled its updated business plan following a comprehensive portfolio review. The company aims to grow its installed capacity from 12 GW to 50 GW by 2030, with a focus on offshore wind, onshore renewables, and renewable hydrogen. The company also announced that Thomas Thune Andersen, who…
Pandora shines with 8% growth in 2023, aims for higher in 2024
LONDON, UK: Pandora, the world’s largest jewellery maker, reported an impressive 8% organic growth in 2023, beating its own guidance of 5-6%. The company attributed its success to its Phoenix strategy, which has transformed Pandora into a more sustainable, innovative and profitable brand. The Phoenix strategy, launched in 2021, involved investing in product development, marketing,…
Deltic Energy sells 25% stake in Selene Prospect to Dana Petroleum
LONDON, UK: Deltic Energy Plc, a natural resources investing company, has agreed to farm out a quarter of its interest in Licence P2437, containing the Selene Prospect, to Dana Petroleum. The deal will reduce Deltic’s exposure to the drilling and testing costs of the Selene well, which is expected to be drilled in Q3 2024….
Aurrigo to test self-driving cargo vehicle at Munich Airport
LONDON, UK: Aurrigo, a global leader in transport technology solutions, has secured a deal with DTAC to test its Auto-DollyTug at Munich Airport for self-driving cargo transport. This follows the previous announcement of a similar project at Stuttgart Airport. The Auto-DollyTug is a versatile and efficient vehicle that can carry more cargo than a conventional…
Jazz Pharmaceuticals acquires Redx’s KRAS inhibitor program
Alderley Park, UK: Jazz Pharmaceuticals plc and Redx Pharma plc have signed a definitive agreement under which Jazz will acquire Redx’s KRAS (Kirsten rat sarcoma virus) inhibitor program. Jazz and Redx will collaborate to advance candidates through IND-enabling studies; Jazz will be responsible for all clinical development, regulatory, manufacturing and commercialization activities. “KRAS is a…
Verditek to sell solar business to bondholders and become a cash shell
LONDON, UK: Verditek plc, a clean technology company, has announced that it will sell its solar business to a new company formed by its bondholders for £528,340 in notes and £50,000 in cash. The deal is subject to due diligence, shareholder approval, and completion by 29 February 2024. The solar business includes Verditek Solar Italy,…
Barratt Developments and Redrow Plc agree to merge in £2.5 billion deal
LONDON, UK: Barratt Developments, the UK’s largest homebuilder, has announced that it will acquire its rival Redrow Plc in a £2.5 billion deal that will create a market leader in quality, service and sustainability. The boards of both companies have agreed to the terms of the all-share offer, which will see each Redrow Plc shareholder…