LONDON, UK: bp announced today that the bp board has appointed Murray Auchincloss as bp chief executive officer with immediate effect. Murray, who has been interim CEO since September 2023, will continue as a member of the bp board. BP CEO Bernard Looney quits over lack of transparency on personal relationships His appointment has been made…
Renault Group boosts sales by 9% in 2023 with strong brand strategy
PARIS: Renault Group, the French multinational automobile manufacturer, has reported a 9% increase in its worldwide sales in 2023, reaching a total of 2,235,345 vehicles sold over the year. The Group attributed this impressive growth to its successful dynamic with three of its core brands: Renault, Dacia, and Alpine. Renault, the best-selling French brand in…
FDE to acquire Greenstat ASA in a €41.9 million deal
PARIS: La Francaise De L Energie (FDE), a carbon negative energy producer listed on Euronext, has agreed to acquire a controlling stake in Greenstat ASA, a leading green energy operator based in Norway, with a strong focus on hydrogen and solar activities. The deal, worth up to €41.9 million, will allow FDE to expand its…
Compass Minerals appoints Edward C. Dowling Jr. as President and CEO
Compass Minerals (CMP), a global leader in essential minerals, has appointed Edward C. Dowling Jr. as its new president and CEO, effective from Jan. 18, 2024. Dowling, who joined the company’s board in March 2022, will replace Kevin S. Crutchfield, who will step down on Jan. 17, 2024 and serve as a consultant until the…
BrainChip and MYWAI team up to deliver Edge AI solutions for industry and robotics
BrainChip Holdings Ltd, a pioneer in neuromorphic AI technology, and MYWAI, a leading AIoT solution provider in the EU, have announced a strategic partnership to deliver cutting-edge Edge AI solutions for various industrial and robotic sectors. The solutions will use BrainChip’s Akida, a low-power, high-performance AI chip that learns from sensor data, and MYWAI’s EaaS…
Sixth Street hires Marcos Alvarado as Head of U.S. Real Estate
Sixth Street, a leading global investment firm, announced today that it has hired Marcos Alvarado as a Partner and Head of U.S. Real Estate, effective February 1st. Alvarado will lead the expansion of Sixth Street Real Estate, a platform that invests in and finances properties across various sectors. Alvarado has over 20 years of experience…
The Lottery Corporation names McTaggart new Chairman as Steven Gregg retires
SYDNEY: Steven Gregg, the current Chairman and director of The Lottery Corporation (TLC), will step down from his roles on 31 March 2024. He will focus on his new position as a director and Chairman-elect of Westpac Banking Corporation, which he was appointed to in October 2023. The Board has chosen Dr Doug McTaggart, a…
Dynamic Group acquires Airwell Flow Testing for A$2m
SYDNEY: Dynamic Group Holdings Limited (ASX: DDB), a water services company, has announced the acquisition of Airwell Flow Testing, a division of Airwell Group Pty Ltd, for A$2 million. The deal is expected to be completed in February 2024, with A$1.5 million paid upfront and A$0.5 million deferred until August 2024. Airwell Flow Testing is…
Peter Warren to buy Macarthur Mazda, Macarthur MG, Macarthur Nissan, Macarthur LDV
SYDNEY: Peter Warren Automotive Holdings announced the planned acquisition of a multi-franchised dealership group in Macarthur, New South Wales from entities associated with Mr Greg Oakman. The businesses to be acquired are Macarthur Mazda, Macarthur MG, Macarthur Nissan and Macarthur LDV. The acquisition consideration, which includes goodwill plus net assets at completion, will be funded…
MLC CAD Systems acquires Equivaq Software
MLC CAD Systems, a leader in design and manufacturing solutions, has acquired Equivaq Software, a provider of PDM add-ons and consulting services. “This strategic move is a significant step forward in our commitment to expanding our services and enriching our offerings to serve our customers better,” says Kevin Schreiner, Sales Director at MLC. The acquisition…
Emplifi appoints Ohad Hecht as new CEO
Emplifi, a leading customer engagement platform, today announced Ohad Hecht as its new CEO. Hecht, a former co-founder and CEO of Prodport and Emarsys, will focus on cultivating a winning culture, embracing a customer-centric strategy, and continuing to build a best-in-class, innovative customer engagement solution. Emplifi has achieved multiple milestones in the last few years,…
Synopsys to buy Ansys for $35 billion in biggest tech deal of the year
Synopsys, a leading provider of software for chip design, announced on Tuesday that it has agreed to acquire Ansys, a maker of simulation software for various industries, in a cash-and-stock deal valued at $35 billion. According to Reuters, the deal, which is the largest in the technology sector since Broadcom‘s $69 billion acquisition of VMware…