Nintendo has increased its sales forecast for its popular Switch console, after reporting better-than-expected results for the December quarter. The gaming giant said on Tuesday it now expects to sell 15.5 million Switch units in the fiscal year ending in March, up from its previous projection of 15 million. Nintendo’s net sales for the third…
BearingPoint breaks €1 billion in revenue and expands globally
AMSTERDAM: BearingPoint, a management and technology consultancy, achieved a record revenue of €1.017 billion in 2023, an 18% increase from the previous year. The firm also grew its bookings by 21% and delivered more than 1,800 projects in 32 countries. To support its growth, BearingPoint hired more than 900 people in 2023, bringing its total…
Groupe Berkem acquires Naturex Iberian Partners in Spain
Groupe Berkem, a leader in plant chemistry, announced the acquisition of Naturex Iberian Partners, Givaudan’s industrial site in Valencia, Spain, specialized in plant and marine extraction. The deal, which is expected to be completed by May 31, 2024, will allow Groupe Berkem to increase its production capacity and meet the growing demand for sustainable solutions…
All Things Considered Group buys 50% stakes in Mckeown Asset Limited
LONDON, UK: All Things Considered Group plc (ATC), a music group that offers talent management, live booking, livestreaming and direct-to-consumer services, has acquired a 50% stake in Mckeown Asset Limited (MAL), a UK holding company that owns several businesses in the live entertainment and music sector. The deal, worth £475,000 in cash, will give ATC…
Augmentum Fintech invests into London based insurtech Artificial Labs
LONDON, UK: Augmentum Fintech plc, Europe’s leading publicly listed fintech fund, has made a £4 million investment into London based insurtech Artificial Labs. Augmentum has led Artificial’s £8 million Series A+ round, which also includes participation from existing investors MS&AD Ventures and FOMCAP IV, alongside other investors. Insurtech Artificial is an established underwriting technology provider…
Dassault Systèmes and Assystem join forces to boost advanced modular reactor projects
PARIS, FRANCE: Dassault Systèmes, a leader in virtual twin technologies, and Assystem, a global engineering and project management company, have announced a strategic partnership to support the development of advanced modular nuclear reactors. These reactors are designed to produce clean, safe and reliable energy for various applications. The partnership will leverage the 3DEXPERIENCE platform by…
Envipco appoints new Chief Strategy and IR Officer
AMSTERDAM: Envipco Holding N.V., a leading provider of reverse vending solutions, has announced the appointment of Mikael Clement as its new Chief Strategy and IR Officer (CSO). The CSO role is a newly created position that will strengthen the Company’s corporate management and executive leadership. Mikael Clement will be in charge of defining and executing…
McNally Capital appoints Lou Rassey as Co-CEO and Managing Partner
McNally Capital, a private equity firm, announced today that Lou Rassey, a former CEO, entrepreneur, and McKinsey Partner, has joined the firm as Co-Chief Executive Officer (Co-CEO) and Managing Partner. Rassey will work alongside Founder, Co-CEO, and Managing Partner Ward McNally to lead the firm’s growth, innovation, and operational excellence. Rassey brings 30 years of…
Aldar Properties announces new projects worth AED 5 billion to boost recurring income
Abu Dhabi, UAE: Aldar Properties, the leading real estate developer, manager, and investor in Abu Dhabi, has announced a development pipeline of new projects worth AED 5 billion, aimed at increasing its recurring income by 2025. The new projects include residential, retail, hospitality, and education assets across Abu Dhabi’s prime locations, such as Yas Island,…
Palms Sports acquires Learn Education and its outstanding Al Rabeeh Schools
Abu Dhabi, UAE: Palms Sports, the leading sports management company and a subsidiary of International Holding Company (IHC), has completed its acquisition of Learn Education, which owns the outstanding Al Rabeeh Schools in Abu Dhabi. This strategic move marks a significant milestone in Palms Sports’ expansion journey, as it secures its ownership of Al Rabeeh…
AD Ports Group buys 60% stake in Dubai Technologies for AED 28 million
Abu Dhabi, UAE: AD Ports Group, a leading provider of trade digitalisation solutions, has acquired a majority stake in Dubai Technologies, a developer of intelligent ports and transportation platforms. The deal will enhance AD Ports Group’s digital trade portfolio and capabilities, as well as create cost synergies and new opportunities for international expansion. Dubai Technologies’…
Indra Energy brings eco-friendly natural gas to Michigan
Indra Energy, an independent and eco-friendly energy provider, has launched its 100-percent carbon-offset natural gas services in Michigan. The company aims to cater to residents who want to reduce their environmental impact and enjoy rewarding benefits. Indra Energy is already serving customers in several states across the Northeast and Midwest U.S. with its alternative energy…