Bitcoin is a decentralized digital currency that operates on a peer-to-peer network of computers, called nodes, that validate transactions and secure the network. Bitcoin mining is the process of using specialized hardware and software to solve complex mathematical problems, called hashes, that verify new blocks of transactions and add them to the blockchain, the public…
Unigel Group to acquire full control of UK subsidiary for £1.3 million
LONDON, UK: Unigel Group plc, a leading producer of fibre optic cable materials, has agreed to buy the remaining 40% stake in its subsidiary Unigel (UK) Limited from Unigel Compounds Sdn Bhd for £1.3 million. The deal will give Unigel Group full ownership of Unigel (UK), which had revenue of £15.2 million and profit of…
Kardex and Addverb join forces to offer cloud-based warehouse management solutions
Kardex, a leading provider of compact storage systems, has announced a strategic partnership with Addverb, an India-based company for warehouse automation. The partnership aims to deliver integrated and efficient solutions that combine the best of both companies’ technologies. Addverb’s warehouse management system is based on a modern microservices architecture that can be operated completely via…
EVORA Global acquires Metry to boost data solutions for real assets
EVORA Global, a leading provider of tech-enabled sustainability solutions, has acquired Metry, Europe’s top platform for environmental data collection. The deal will enhance EVORA’s data automation and quality for its clients in the real estate and infrastructure investment industry, using direct connections to fiscal meters and hubs. EVORA Global will also leverage Metry’s data to…
Visit Group secures over €100 million investment from PSG Equity
Visit Group, a Nordic-based software company for hospitality and travel, announced today that it has received more than €100 million in strategic growth investment from PSG Equity, a leading growth equity firm. PSG Equity is acquiring a majority stake in Visit Group, which serves more than 2,200 customers in over 25 countries with its collaborative…
TotalEnergies buys Kyon Energy, a leading battery storage developer in Germany
PARIS, FRANCE: TotalEnergies, a French energy giant, has acquired Kyon Energy, a German company that specializes in battery storage systems, for €90 million plus some performance-based payments. Kyon Energy, founded in 2021, has developed 770 MW of battery projects, of which 120 MW are operational, 350 MW are under construction, and 300 MW are ready…
TravelPerk raises $104m to boost its business travel platform
TravelPerk, a SaaS platform that simplifies business travel, has secured an additional $104m in funding from SoftBank Vision Fund 2 and other investors. The company, which grew its revenue by over 70% and its gross profit by more than 90% in 2023, plans to use the funds to enhance its customer experience, launch new services,…
Sanofi to buy Inhibrx for $1.7 billion
PARIS, FRANCE: Sanofi, a global pharmaceutical company, has agreed to acquire Inhibrx, a clinical-stage biotech firm, for $30.0 per share in cash, or about $1.7 billion. The deal is subject to the spin-off of non-INBRX-101 assets into a new entity, New Inhibrx, which will be owned by Inhibrx’s shareholders and Sanofi. INBRX-101 is a novel…
Vinanz increases speed of Bitcoin miners by more than 10%
LONDON: Vinanz Limited, the London-listed Bitcoin mining company focusing on decentralised Bitcoin mining facilities throughout the US and Canada, announced that the Luxor Firmware is now starting to be deployed into the Company’s Canadian Bitcoin mining fleet installed in the BlockLAB facilities in Labrador with excellent results already evident. BlockLAB have informed Vinanz that it…
Glycotest gets $1 million boost from Fosun for liver cancer tests
LONDON: Glycotest, a company developing blood tests for liver cancer, has received a $1 million follow-on investment from Fosun Industrial Co., Limited, a Chinese conglomerate. The investment is part of a $10 million deal signed in 2019, which also grants Fosun access to Glycotest’s intellectual property in certain situations. Fosun still owes $2 million to…
DORE announces acquisition of the first Icelandic asset
LONDON, UK: The Downing Renewables & Infrastructure Trust plc has acquired its first Icelandic asset, Urðarfellsvirkjun, a 1.1MW hydropower plant, located in south-central Iceland with an annual average production of c. 8 GWh. The total investment was c. £5m (EUR 6m). The run-of-river plant has been operational since 2018 and derives its water from both…
Cornerstone FS plc signs agreement with Mastercard
LONDON, UK: Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, has signed an agreement with Mastercard to launch a corporate card scheme. Under the agreement, Cornerstone will be able to issue commercial cards co-branded and supported by Mastercard for…