LONDON: A new research report by Information Services Group (ISG), a leading global technology research and advisory firm, reveals that Europe’s intelligent automation landscape is entering a new phase, driven by enterprise demand for hyperautomation and the emergence of generative AI (GenAI) as a major technology disruptor. Hyperautomation is the ability to drive end-to-end intelligent…
Sanofi reports strong sales and earnings growth in 2023, driven by new products and pipeline
PARIS, FRANCE: Sanofi, a global leader in healthcare, announced today its financial results for the year 2023, showing a 5.3% increase in sales and a 5.4% increase in business earnings per share (EPS) at constant exchange rates (CER). The company attributed its solid performance to the successful launches and growth of its specialty care products,…
Thruvision launches LPC71 Series with enhanced features and upgrade options
LONDON: Thruvision, the leading provider of walk-through security technology, has launched a new product range to help retailers prevent theft by employees from their distribution centres (DCs). The LPC71 Series is a three camera variant of Thruvision’s flagship WalkTHRU technology, which can screen large numbers of employees for stolen items as they exit DCs. The…
Vinanz Limited to diversify into alternative cryptocurrencies
LONDON, UK: Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF), the innovative London-listed company known for its strategic Bitcoin mining operations across the US and Canada, will start using a proportion of its Bitcoin generated from its mining operation on North America to diversify into the broader cryptocurrency market. In a bold move to…
Serica Energy CEO Mitch Flegg to step down
LONDON, UK: Serica Energy plc, a leading UK oil and gas company in the North Sea, today announced that its CEO Mitch Flegg will step down after six years in charge. He will be replaced by the current Chairman David Latin on an interim basis until a permanent successor is found. Flegg, who has been…
Judges Scientific’s subsidiary PE.Fiberoptics acquires Luciol Instruments SA
LONDON, UK: Judges Scientific’s subsidiary PE.Fiberoptics Ltd (PFO) has acquired 100% of the issued share capital of Luciol Instruments SA, a company manufacturing and selling instruments to measure optic fibre properties based in Mies, Vd, Switzerland. The Board expects the acquisition to be immediately earnings enhancing. The initial consideration for Luciol is CHF2 million in…
ING reports record profits in 2023 despite challenging year
AMSTERDAM: ING, one of the largest banks in Europe, announced its financial results for the fourth quarter and the full year of 2023, showing strong performance across its retail and wholesale banking segments. The bank posted a net result of €1,558 million for the fourth quarter, up 31% from the same period in 2022, and…
Dubai Taxi doubles its airport fleet with 350 new eco-friendly vehicles
Dubai Taxi Company (DTC) has added 350 new environmentally friendly taxis to its airport service, doubling its capacity to meet the growing demand of passengers and visitors in the emirate. The expansion is part of DTC’s strategy to enhance its operational efficiency, market share, and customer satisfaction. The airport taxi service is exclusively for arrivals…
MOTIS Brands acquires TITAN Ramps to expand mobility and access solutions
MOTIS Brands, a portfolio company of Prospect Hill Growth Partners, has announced the acquisition of TITAN Ramps, a leading supplier of loading ramps, carriers, and accessories for various end markets. The deal will enhance MOTIS Brands’ catalog of brands and products, and enable them to offer a wider range of price points and solutions to…
Xperi sells AutoSense business to Tobii
Xperi Inc., a company that creates technologies for entertainment and smart devices, has sold its AutoSense in-cabin safety business and related imaging solutions to Tobii AB, a Swedish company that specializes in eye tracking. The deal was announced earlier and completed today, with Centerview Partners LLC and DLA Piper LLP advising Xperi. Xperi continues to…
Celsius Network emerges from bankruptcy, creates new Bitcoin mining company
Celsius Network, a cryptocurrency lending platform, has successfully emerged from bankruptcy after completing its plan of reorganization. The plan, which was approved by 98% of its account holders and the Bankruptcy Court, involved distributing over $3 billion of cryptocurrency and fiat to its creditors and creating a new Bitcoin mining company called Ionic Digital. Ionic…
Bapcor Limited announces CEO and Chair changes
SYDNEY, AUSTRALIA: Bapcor Limited, a leading provider of automotive parts and accessories, has announced that its CEO and Managing Director, Noel Meehan, will retire from his role on 5 February 2024 for personal and family reasons. He will be succeeded by Paul Dumbrell, who will join the company on 1 May 2024. Meehan has led…