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…
Netcall plc has acquired Skore Labs Limited for £6.225 million
LONDON, UK: Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, announced the acquisition of Skore Labs Limited, a cloud-based process improvement software company. The total consideration for the Acquisition, including earnout, is up to £6.225 million, of which up to £4.225 million is dependent on the performance of Skore….
Technip Energies announces new Executive Committee members
PARIS, FRANCE: Technip Energies, a leading Engineering & Technology company for the energy transition, has announced the appointment of three new members to its Executive Committee. Naïla Giovanni has been named as the Chief Digital and Information Officer (CDIO), a newly created position that will accelerate the company’s digital transformation. Giovanni has over 25 years…
Dinesh Venugopal appointed new Chief Executive Officer of Infogain
Dinesh Venugopal will become the new Chief Executive Officer of Infogain, a Silicon Valley-based company that specializes in human-centered digital platforms and software engineering services, starting from February 8, 2024. He will succeed Ayan Mukerji, who has been the CEO of Infogain since 2021, after joining as the Chief Operating Officer in 2018. Dinesh has…
Daniel Finch to lead The Star Brisbane as new CEO
BRISBANE: The Star Entertainment Group has appointed Daniel Finch as the new CEO of its Brisbane operations, subject to regulatory approvals. Daniel Finch, a former managing director of Expedia Australia, has over 20 years of experience in the travel and hospitality industry, working with major hotel groups in Australia, New Zealand, UK and Asia. Finch…