MidOcean Energy, a LNG company backed by EIG, has agreed to acquire a 20 percent stake in Peru LNG, the first and only LNG export plant in South America, from SK Earthon for an undisclosed amount. The deal will expand MidOcean’s global LNG portfolio, which also includes four Australian LNG projects that the company is…
WPP Plc acquires stakes in new German agency OH-SO Digital
LONDON, UK: WPP Plc has acquired a minority stake through a capital investment in OH-SO Digital, a new digital-first agency launching on 1 March. The agency aims to revolutionise how brands deploy digital marketing as a key driver for growth, using innovative creative solutions that are customer-centric and powered by the latest tech developments. OH-SO…
Aldar and Carlyle join forces to invest in European logistics and self-storage assets
Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global investment firm, to invest in logistics and self-storage assets in Europe. The partnership is part of Aldar’s international expansion plan, which aims to diversify its portfolio and tap into high-growth…
Data4Industry-X: A New Data Exchange Solution for the Industry Sector
Data4Industry-X, a new data exchange solution for the Industry sector, was officially launched today. The solution aims to improve competitiveness and reduce the carbon footprint of major global industrial organizations with operations spread across multiple countries. Data4Industry-X will enable organizations to innovate and operate services on distributed data, coming from various factories, organizations or countries,…
AstraZeneca reports strong growth in 2023 despite COVID-19 challenges
AstraZeneca, a global biopharmaceutical company, announced its financial results for the full year 2023, showing a 6% increase in total revenue and a 15% increase in core earnings per share. The company’s total revenue reached $45,811 million, up from $43,075 million in 2022, despite a decline of $3,736 million from COVID-19 medicines. Excluding COVID-19 medicines,…
Blue Yonder acquires flexis AG to boost production and transportation optimization
Blue Yonder, a leading supply chain solutions provider, has announced its acquisition of flexis AG, a software technology company that specializes in production optimization and transportation planning and execution. The acquisition strengthens Blue Yonder’s capabilities to help companies with highly configurable products and expansive suppliers to plan and optimize their complex production facilities and network…
Ten Lifestyle Group partners with a global collection of luxury travel advisors
LONDON, UK: Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving customer loyalty for global financial institutions and other premium brands, announced a new partnership with the world’s largest collection of international luxury travel agencies, where Ten will offer its expertise to their travel advisors. The multi-year contract with Global Travel Collection (GTC),…
Hardide plc appoints Steve Paul as interim chief executive
LONDON, UK: Hardide plc, the provider of advanced surface coating technology, announced the appointment of Stephen (Steve) Paul as Interim Chief Executive Officer with effect from 12 February 2024. Steve will succeed Philip (Phil) Kirkham who, as announced on 1 November 2023, is stepping down after leading the Company for over 11 years. Steve had…
Norske Skog reports strong 4th quarter results despite weak paper markets
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…